Question: What Are The Documents Required For Home Loan In LIC?

Which bank home loan is best?

Best Bank for Lowest Home Loan Interest RateCitibank banks are the best choice for home loans with their lowest interest on home loan starting from 6.75%.Axis bank, ICICI Bank, and Kotak Bank are the best banks for home loan as they have quick loan disbursal with low-interest rates.More items….

What is current interest rate for home loan in LIC?

LIC Housing Finance Home Loan Interest Rate: 6.90% to 8.20% Processing Fee payable to LIC Housing Finance: Upto ₹ 10,000. Current offer for processing fee is Upto 0.25% Fee payable to MyLoanCare: NIL.

How can I know my lic home loan balance?

LIC home loan application status through net banking All you need to do is login to your net banking portal and go to the loans section. Here you can apply, check or know the balance on the loan you apply.

How do I know if I qualify for a home loan?

Home Loan Eligibility CriteriaPresent Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. … Age Limit for Salaried Individuals: 21 to 65 years .Age Limit for Self-Employed Individuals: 21 to 65 years.Minimum Salary: ₹10,000 p.m.More items…

How can I get home loan from LIC?

Minimum CIBIL Score for LIC Home Loan Higher credit score increases your chances that your loan application to LIC Housing Finance will get approved. However, low CIBIL score will decrease your eligibility to get home loan. LIC Housing Finance requires a minimum credit score of 650 to be eligible for a home loan.

Is Home Loan good for LIC?

LIC Housing Finance offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for LIC Housing Finance is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How can I get documents from Lichfl online?

LIC Housing Finance – LIST OF DOCUMENTSALARIED(List Of Documents): 1. Application form completed with 2 photograp h duly filled in and signed 2. ID Proof : PAN CARD/PASS PORT 3. … Disbursement List of Document :For Builder Purchase:- 1. Original Agreement 2. Builder Noc In Lic Format 3.

Can LIC give loan?

How much loan amount can I get on LIC policy? The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy.

What are the documents required for LIC housing loan?

LIC HFL Home Loans Documents RequiredDuly filled in home loan application form.Proof of Identity such as Aadhaar Card, PAN Card, Voter’s ID Card or Passport.Proof of Residence such as Passport, Ration Card, Electricity Bill or Telephone Bill.Bank Passbook or bank account statements of last two years.More items…•

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,811₹ 50 Lakh₹ 44,245₹ 38,0181 more row

How can I reduce my home loan interest rate?

Tips to Reduce Home Loan Interest RateGo for a Shorter Tenure. … Prepayments are a Good Option Too. … Compare Interest Rates Online. … Home loan balance transfer can be an alternative. … Pay more as down payment. … Look for Better Deals. … Increase your EMI.