LIC Housing offering home loans to Salaried, Self Employed, NRI & pensioners at lowest/affordable interest rates & minimum emi. You can borrow the loan for the purchase of Plot/Flat, Construction, Extension, Repairs/renovation, plot Purchase, Top-up, Balance Transfer etc. Maximum tenure for plot purchase are 15 years rest all are 30 years.
Interest rate: Starts at 10.50% p.a. Loan tenure: Up to 15 years; Processing fees For Salaried: Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher) Processing fees for Self-employed: Up to Rs.1.50% of the loan amount or Rs.4,500 (whichever is higher) Home renovation loans at the same interest rate as of home loans; Plus Applicable The Central Bank of India’s home loan is known as Cent Home Loan. The rate of interest of loan is between 8.20% to 9.00% and there is a rebate for women applying for the loan, which is 7.00% LIC, among other advantages, provides competitive interest rates and a high rate of return on investment. The duration of LIC Housing Finance FDs ranges from 36 months to 60 months, with a maximum rate of interest of 5.75 percent. Senior interest rates are higher than average, ranging up to 6.00 percent. Between Rs. 20 Lakhs and Rs. 75 Lakhs: 80% of the total cost. Above Rs. 75 Lakhs: 75% of the total cost. Maximum tenure of the loan. For Salaried class: maximum 30 years of age. For Self-Employed class: maximum 20 years of age. Repayment method. In terms of EMIs. Interest Rate. Mortgage financier LIC Housing Finance (LIC HFL) on Friday increased interest rate on home loans by 20 basis points to 6.9 per cent, from 6.7 per cent, for select borrowers. For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are Vlyin.home loan rate of interest lic
