Below are few features which make Our Home Loan different from others:
For what purposes: For purchase of flat under construction / ready to move flat / construction of own house and purchase of resale flats / house. The following are eligible for Home Loan from LIC Housing Finance Ltd:
PMAY is a special Housing Loan scheme for First Time Home Buyers by the Government of India. All families having income of Rs 3 lakh to Rs 18 lakh are eligible under this scheme. For list of statutory towns eligible under the scheme visit the official website of National Housing Bank.
Balance Transfer or Takeover of existing home loan with other financial institute is also possible. For balance transfer of existing loans, customers need to have a good repayment track of their existing loan.
Home Loan is extended to individuals having pension income with loan tenure upto 80 years of age. Additional benefits are also offered to such borrowers on joint application with children.
Disclaimer: All loans are sanctioned at the sole discretion of LIC HFL