LIC Housing Finance floating rate for Home loans impress the customers. Individuals avail home loan to complete dream project by LIC housing finance interest rates at 14.40%. One can avail a home loan for construction, renovation of home. The LIC housing loan offers loan for both salaried and self-employed professionals. LIC housing finance has raised 35 basic points. The company has raised rates on Super Choice and Bhagyalakshmi Plus at 11.50% for 10 years.
Customers are availing LIC housing loans for best practices and benefits:
- Attractive interest rates
- Hassle free procedures
- Easy documentation
- No hidden costs
- Customized products
- Experienced professionals providing service at doorsteps
- Prepayment charges are waived off on payment from salaried account
Individuals interested for a dream home should avail LIC housing finance shows path for the customers. Individuals interested to go for Rs.100000 can avail 85% of total cost of the property. This includes Stamp duty and registration charges for loan upto Rs. 20lakhs. The maximum loan term is 20 years for long term. Repayment of loan amount is done by Monthly instalment basis. Individuals should pay 1.0% of loan amount sanctioned along with service tax. The loan holders can get a discount of 0.25% on loan amount.
Interest rate on housing loans upto Rs. 75lakhs is 10.75% for first 3 years and 11.90% from 4th year. The LIC housing loan interest rate on housing loan greater than Rs. 75lakhs is 11.25% for 3 years and 11.90% upto Rs.150lakhs. Above Rs. 150lakhs it depends on the corporate decision.
Fixed Interest Rate for 3 years:
The interest rate varies according to the amount of the LIC housing loan interest rates availed by the customers. The fixed interest rate for 3 years for an amount of Rs. 40lakhs is 10.70%. The interest rate greater than Rs. 40lakhs to Rs. 100lakhs is 11.00%.
Fixed Interest Rate for 10 years:
The interest rate varies according to the amount of the loan availed by the customers. The fixed interest rate for 10 years for an amount of Rs. 40lakhs is 10.95%. The interest rate greater than Rs. 40lakhs to Rs. 100lakhs is 11.20%. The loan amount greater than Rs. 100lakhs and less than Rs. 150lakhs are 11.50%.
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