Facility to seek advice from LIC Housing Finance agent
The good thing is that the company has given options to provide home loans for all types of people. This includes consumer base, salaried class, self-amloid, professional and NRI. LIC Housing Finance Limited has reduced the interest rate for customers to 6.90 per cent. By downloading LIC’s app Homi in your mobile, after completing the KYV and other details, you can get confirmation of pre-approved loan for sitting at home. Along with this, customers can also interact with the agent of LIC Housing Finance using this app.
These features will be available on the app
After downloading this app in your mobile, you have to submit all your records. Soon, you will get information about getting a loan based on your eligibility. You can track your application and you can also calculate your EMI.
How much loan
For information, let us know that up to Rs 30 lakh property can get a loan up to 90%. Whereas, up to 80 per cent of the loan can be obtained in property from Rs 30 lakh to Rs 75 lakh. A property of Rs 75 lakh can get a loan of up to 75%.
How long will the loan be repaid
People from salary class will have to repay the loan in more than 30 years. On the other hand, if you have your own business, then you will have to repay the loan within 20 years. According to the information received, according to a recent report, let us know that LIC Housing Finance Limited has disbursed a loan of Rs 1,331 crore through the mobile banking app in the last one year. Let us know that the company launched the Homi app on 14 February 2020 last year.
These documents are required for LIC home loan
- pan card
- Aadhar card
- For NRIs, passport is required
- Proof of residence
- Salary slip and form number 16 for salary
- Financial as well as income tax returns for self-employed or professionals in the last 3 years
- Bank statement for last 6 to 12 months
- Proof of property ownership
- In case of flats, allotment letter of builder / society
- Paid up to date tax receipt.
Types of home loans
- Home loan for resident Indian
- Home loan for NRIs
- Prime Minister Housing Scheme
- Home improvement loan
- Top-up loan
- Plot loan
- Grihasthashram – Home loan for pensioners