LIC HFL is a large housing finance company with many options regarding housing loans. Purchases, constructions, extensions or renovations are all covered. The LIC HFL Home Loan also appeals to different categories of customers: Indian residents or not and pensioners.
The criteria for applying for this home loan are not demanding and you can do it online. You can choose between a variable or fixed interest rate. If the main borrower is a woman the loan will be even lower-priced. An online calculator on the LIC HFL website will help give you an idea of a personalised monthly repayment regarding the loan sum and tenure you have in mind.
With LIC HFL home loan you can ask for up to 85% of financing of the property. The maximum amount applicants can ask for is Rs. 10,00,000.
Benefits:
Who is eligible?
All resident Indians, all salaried individuals not residing in India and pensioners that have a pension scheme.
Good to know:
Maximum term of repayment is 30 years for salaried employees and 20 years for self-employed individuals.