LIC Apna Office -2 Loans | Eligibility | Documents | Interest Rates
LIC Professional Loans for Apna Office 2 Scheme: Get Details on Eligibility, Documents, EMI, Offers on Apna Office 2 Scheme of LiC housing finance.
Home Loan applications received for rupees ₹ 419,027 crores till 26 April 2024
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Apna Office -2 (Loans to Professional)
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| Purpose | : | Finance to Professional for Purchase / Extension / Modification /Renovation of premises for carrying on their own Professional Practice & Purchase of Equipment. |
| Eligibility | : | Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional. |
| Loan Amount | : | Min Rs. 50,00,000. |
| Loan Term | : | Maximum 10 Years. |
| Repayment Mode | : | Equated Monthly Installments (EMI) – Monthly Rest. |
| Security | : | 1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
2. Demand Promissory Note. 3. Personal Guarantee of Directors / Partners, as Applicable. 4. In case of Companies, Registration of Charges in R.O.C. |
| Addl. Security | : | Hypothecation of Equipment, if financed |
| Front End Charges | : | 1% of Loan Amount + Service Tax, as applicable |
