Features of LIC Housing Finance Home Loan
LIC Housing Finance provides home loans for the purpose of purchasing house/land, for constructing a new home or for extending their existing home.
The minimum loan amount is Rs.1 lakh where LIC Housing Finance will provide funds of 85% of total cost of the property for loans up to 20 Lacs; 80% of total cost of the property for loans above 20 Lacs and up to 75 Lacs ;75% of total cost of the property for loans above 75 lacs
Maximum term - For Salaried - 30 years, for self-employed 20 Years
Prepayment Charges: NIL
As applicable and specified in the Terms & Conditions
Interest rate starts from 8.5%