Home Loan available at floating Interest rate & 5 years, 10 years and 30 years fixed rates available at LIC Housing Finance Ltd.

Loan against Property (LAP)-for Individuals

Purpose : Loan against Mortgage of Residential House / Flat.
i)   Children´s Education / Marriage
ii)   Purchase of another Property.
iii)   Business Expansion.
Loan Amount : Min Rs.2,00,000/-
Loan Term : Maximum 15 years

Loan against Securities such as LIC Policies etc. – for Individuals

  • Loans against Fixed Deposit of Nationalized Banks, Life Insurance Policies having surrender value and Post office instruments like National Savings Certificates, KisanVikasPatra
  • Loan up to 95% of face value of liquid security or surrender value in case of Life Insurance Policies.
  • Minimum Loan Rs.50,000/-.
  • Maximum Term up to 20 Years
  • This loan can be clubbed along with Home Loans

Loans to Professionals for office for their Professional Practice

Loans to Professional
Purpose : Purchase/ Extension/ Modification / Renovation of Commercial Premises for carrying on own Professional Practice & Purchase of Equipments.
Eligibility : Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional.
Loan Term : 10 Years.
Repayment Mode : Equated Monthly Installments (EMI) - Monthly Rest..
Security : 1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
2. Demand Promissory Note.
3. Personal Guarantee of Directors / Partners, as Applicable.
4. In case of Companies, Registration of Charges in R.O.C.
Addl. Security : Hypothecation of Equipment, if financed
Rate Of Interest : Contact nearest Area Office for details on the Interest rate
     

Loan against the Property (LAP – Non retail Loan) – For

  • Under this scheme, the financial assistance is provided for companies-Listed/Unlisted against the security of Commercial property – Office premises - already owned/to be purchased with the help of the loan
  • The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc.
  • Loan is provided for the properties which is completed in all respects.
  • Maximum Term offered :- 10 Yrs

Loan against Rental Securitization

  • Under this scheme, the financial assistance is provided for companies – Listed/Unlisted against the security of Commercial property – Office premises – already owned/to be purchased with the help of the loan.
  • The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc
  • Loan is provided for the properties which is completed in all respects.
  • Maximum Term offered :- 10 Yrs