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LIC Housing Finance Home Loan Review & Details

Discussion in 'Home finance' started by real_buzz, Dec 18, 2012.

  1. real_buzz Moderator

    LIC Housing Finance Home Loan Review & Details

    LIC Housing finance offer Griha Prakash home loan product for resident indians. Griha Prakash can be used to purchase house, renovate it or purchase of plot. Please find its details here. If you have any question, please leave your comment. You can also leave your feedback, if any.

    Don't forget to share it with your near and dear ones, you never know if someone is looking for this information.

    Griha Prakash for Home Purchase Purpose

    Loan Amount: Min. Rs. 1,00,000.
    Loan to Property Cost: 85% of total Cost of the property including Stamp Duty and Registration Charges for loan upto 20 lakhs. 80% of total Cost of the property including Stamp Duty and Registration Charges for loan above 20 lakhs.
    Loan Term: Maximum 20 years
    Repayment Mode: Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security
    1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable.

    Griha Prakash for Home Construction Purpose

    Loan Amount : Min. Rs. 1,00,000.
    Loan to Property Cost : 85% of total Cost of the property including Stamp Duty and Registration Charges.
    Loan Term : Maximum 20 years
    Repayment Mode : Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security : 1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees : 1.00% of Loan Amount Sanctioned + Service Tax as applicable.

    Griha Prakash for Home Repair/Renovation Purpose
    Loan Amount: Min. Rs. 1,00,000.
    Loan to Property Cost: 85% of total Cost of the property including Stamp Duty and Registration Charges.
    Loan Term: Maximum 20 years
    Repayment Mode: Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security:1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable.

    Griha Prakash for Plot Purchase Purpose
    Loan Amount : Min. Rs. 1,00,000.
    Loan to Property Cost: 85% of total Cost of the property including Stamp Duty and Registration Charges.
    Loan Term: Maximum 20 years
    Repayment Mode: Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security:1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable

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