| Loan Slab | Interest Rates for Women | Interest Rates for Other |
| 10 Lacks to 15 Lacks | 8.50% | 8.55% |
| 15 to 20 Lacks | 8.55% | 8.60% |
| 20 Lacks to 50 Lacks | 8.65% | 8.70% |
| Pure Floating Upto 1 Crore | 8.70% | 8.75% |
| 1 Crore to 3 Crore | 8.75% | 8.80% |
| Above 3 Crore to 5 Crore | 8.75% | 8.90% |
| Salaried | Self employed | |
| AGE | 18 years to 60 years | 18years to 60years |
| Income | Rs 15000 (p.m)NTH | ITR - 2,00,000(p. |
| Min. Loan Amount | Rs10,00,000 | Rs.10,00,000 |
| Tenure | 30 years | 25 years |
| Current Experience | 2 years | 3 Years |
| Documentation | 1) Application form with photograph. 2)Identity & residence proof. 3)sLatest 3 months salary slip 4) Form 16 5) Last 6 months salaried bank statements 6) Processing fee chequep> |
1) Application form with photograph. 2) Identity & residence proof. 3) Education qualifications certificate & proof of business existence. 4) Business profile, Last 3 years profit/loss & balance sheet. 5) Last 6 months bank statements. 6) Processing fee cheque |
LIC Housing Finance offering home loans under various categories – Purchase, construction, Extension, pensioners, NRI etc.
Have a look at various schemes:
If you are looking for Purchase here's the information:
| Home Loan for Purchase, Extension of House and Construction | |
|---|---|
| Loan Amount | Min.Rs.1,00,000/ |
| Loan to Property cost | 90% - loan up to 20 Lakh 80% - loan above 20 Lakh and up to 75 Lakh 75% - loan up above 75 Lakh. |
| Loan Term (Repayment | Maximum term - For Salaried - 30 years, for self-employed 20 Years, NRI (Maximum term - For Persons with Professional Qualification - 15 years, for Others 10Years) |
| Loan Slab | Interest Rates for Women |
| Purposes | Loans under the scheme may be availed for purchase, construction, extension of House / Flat |
| Eligibility | Persons whose age is 50 or more and having a pension scheme after retirement may apply for loan under this scheme. |
| Terms & Conditions | An undertaking letter that the entire loan or atleast 30 % or an amount as decided by the Area Office will be repaid out of the retirement benefits is required. The balance is to be repaid from the Pension Income. The amount of Principal to be repaid at the time of retirement will depend on the Pension amount the applicant is eligible after retirement. |
| Loan Term | The term of the loan will be up to 15 years or 70 years of age whichever is earlier. |
| Loan Slab | Interest Rates for Women |
| Purposes | Loans under the scheme may be availed for purchase, construction, extension of House / Flat |
| Eligibility | Pensioners having a stable income throughout their life from pension may apply for loan under this scheme. |
| Terms & Conditions | 1) Commutation of Pension or any portion thereof is not allowed under this scheme. 2) A Guarantor acceptable to the Company is required. |
| Repayment Mode | The loan is to be repaid before the applicant attains the age of 70 years. |