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.
The Latest Home Loan Interest Rates: Nov 3, 2023 Updated - November 07, 2023 at 05:51 AM. Comments Share . HOUSING FINANCE COMPANIES (Fixed rates) LIC Housing Finance Ltd: 10-10.25:
Fixed rate loans may be priced higher than floating rate loans, if the bank believes rates will rise. It helps banks to earn more as rates increase, through the floating rate option. If the fixed rate is priced lower than the floating rate, the bank is anticipating a fall in interest rates. It helps the bank to lock into a higher fixed rate.
LIC home loan statement is a statement that carries all the details related to a home loan like loan amount sanctioned, interest rate tenure, outstanding balance, principal amount, date of loan approved and much more.
So, if your lender's MCLR or Prime Lending Rate goes down and the overall interest rate reduces, it won't be applicable until you pay this fee and make a conversion or switch. The charge may range from 0.25% to 3% of the balance amount, or the lender might fix a specific amount such as Rs.1,000+GST for LIC Housing Finance loans below Rs.75 lakh.

LIC HFL offers wide variety of home loans which will fulfill your needs at one of the lowest interest rates available. Our home loans cater to all types of customer base viz., salaried, self-employed, professional, NRIs, etc. Our products are customizable according to your home loan eligibility. LIC HFL Home Loan Features

The policy shall be assigned to LIC as security for the loan. Interest on loan shall be paid on half-yearly basis. Interest is charged for a minimum period of 6 months. LIC can call for repayment of loan and interest by giving 3 months notice. If the loan is not settled, LIC can foreclose the policy and use policy proceeds to settle the loan.

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    • home loan rate of interest lic