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Lic home loan in 2021

LIC Home Loan Interest Rate in 2022

LIC Home Loan interest in 2021 : As per LIC Housing finance the rate of interest is @6.66% (percent) per annum.

LIC Home Loan interest rate:

Bhubaneswar. People are searching home fast amid coronavirus difficulty in 2021. In such a situation LIC Housing Finance reduced interest rate to 6.66% per annum. The advantages of low interest home loan products can be taken by good credit score and high income job profile persons. Company also providing this facility to existing customers. This facility is also available for loan take over/transfer from other banks to LIC.

Up to what amount of Home Loan can be taken:

If you have a good credit score/ Credit History and good income sources you can apply up to 5 crores of Home Loan. It is a good option for customers to take a  low interest rate Home loan from LIC Housing Finance. The interest rate is connected with the Repo rate benchmark fixed by RBI. It is an opportunity to take profit from the regulatory rate cut in interest rate. 

About LIC :

LIC is the largest Home loan provider in India. It is a multinational, Public sector  financial services statutory body.  It is a public sector and the largest lender in India. 

Tenure and Loan Moratorium : 

Apart from the lowest interest rates, LIC Home  Loan provides a flexible tenure of 20 years. The borrower will have 18 months of loan moratorium. LIC offers a time frame to the borrower to start construction work in that particular plot.  

Who can apply? 

This scheme is for salaried as well as business profiles along with pensioners. Everyone can apply depending upon the income source bank to fix the loan amount. 

Documents required for availing loan :

As per the Bank following documents required for availing of this loan.

 For Salaried Person;

  1. Three months up to date salary slip.

  2. Six months up to date bank statement ( salary credited account )

  3. Adhar Card.

  4. PAN Card 

  5. Passport size photo. 

  6. Residence proof.

  7. Form 16 two years

For Business Person;

  1. Three years IT Returns

  2. Form 26 As 

  3. Six Months Up Date Bank Statement.

  4. Adhar Card

  5. PAN Card

  6. Passport size Photo

For Pensioner :

  1. Three months up to date Pension Book

  2. Six Months Up to date Statement

  3. Adhar Card

  4. PAN Card

  5. Passport size  Photo

  6. Residence Proof 

Where to apply for this loan:

Customers can visit the nearest LIC Branch to check the eligibility and loan amount. LIC users can also book it through an online mobile banking application visit https:// The loan will be credited to the salary or Pension or SB account of the customer.

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