LIC According to its website, Housing’s Revised Prime Lending Rate (LHPLR) is 15.95%
According to LIC Housing website, Home Loan Interest Rates Equal to credit score starting at 8% or above 800 for loans up to Rs 15 crore for salaried and professional borrowers. For salaried and professional individuals with credit score between 750-799, the interest rate will be 8.05% up to Rs 5 crore and 8.40% and above Rs 5 crore and up to Rs 15 crore. For CIBIL score between 700 -749, the interest rate is 8.20% for amounts above Rs 50 lakh, 8.40% for amounts above Rs 50 lakh and up to 2 crores and 8.55% for amounts above Rs 2 crore and up to Rs 15 crore. ,
according to LIC Finance website, “In case of combined applicants, the CIBIL score of the applicant with the highest score will be considered. The total credit exposure should not exceed 10 crores. Under Advantage Plus scheme.
Maximum loan amount and repayment tenure
As per the website, below are the important points on the loan amount and repayment tenure
- 90% of the property value for loan up to 30 lakhs
- 80% of the property value for loans above Rs. 30 lakhs and up to Rs.75 lakhs
- 75% of the property value for loans above Rs 75 lakh
- The maximum repayment period for salaried is up to 30 years
- Up to 25 years for self-employed maximum repayment period
home loan document
KYC documents
- Pan Card
- Aadhaar Card
- Passport is mandatory for NRIs
- Proof of residence
income document
- Salaried Salaried Salary Slip and Form No. 16
- Bank statements for the last 6 to 12 months
- Income Tax Return of last 3 years along with financial for self employed or professionals
property document
- proof of property ownership
- In case of flats, allotment letter of builder/society
- up to date tax paid receipt
Processing fee at home facility
up to 2 crore
For CIBIL>= 725, 0.25% of the loan amount subject to a maximum of Rs. 20,000 + GST. subjected to
for cibil
Above Rs.2 cr and up to Rs.3 cr
For CIBIL>= 725, Rs. 50,000/- + GST
for cibil