Does LIC give home loans?

What is the procedure to get housing loan in LIC?

Balance Transfer Scheme of LIC Housing Finance

Min. Loan Amount Rs.10,00,000
Tenure Upto 30 Years
Current Experience 2 years
Documentation 1) Application form with photograph. 2) Identity & residence proof. 3) Latest 3 months salary slip. 4) Form 16 5) Last 6 months salaried bank statements 6) Processing fee cheque

Which loan is best LIC or bank?

Compare HDFC Home Loan Vs LIC Home Loan

Compare HDFC Home Loan LIC Home Loan
Retail Lending Rate 16.05% LHPLR: 14.60%
Loan Amount Contact the bank Contact the bank
Loan Tenure 30 years 30 years
Lowest EMI Rs.645 Rs.643

Is LIC Housing Finance safe?

The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns.

What is cibil score for LIC Home Loan?

Minimum CIBIL Score for LIC Home Loan

LIC requires a minimum credit score of 650 to be eligible for an home loan.

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How long does it take to get home loan from LIC?

Generally, it takes about 3 to 4 weeks for your home loan to be sanctioned. Please expect a delay in your home loan process as in many cases, your home loan may be placed on hold for many reasons.

Which is better HDFC or LIC?

HDFC has an average customer ratings of 4.5, while LIC Housing Finance has an average customer rating of 3.9, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.

Is HDFC life better than LIC?

HDFC and ICICI Prudential Life do slightly better than LIC with yield on advances at 8.72 per cent and 8.5 per cent, respectively. Lastly, LIC runs a large book of non-performing assets. LIC’s gross NPAs are at 2.44 per cent, which are comparable to not so well run public sector banks.

How much loan can I get from LIC?

LIC policyholders can get up to 80%-90% of their surrender value as the loan amount.

How much home loan can I get on 35000 salary?

Understand your salary:

Net Monthly Income (₹) Loan Amount (₹)
₹ 30,000 ₹ 17,09,806
₹ 35,000 ₹ 20,46,586
₹ 40,000 ₹ 23,83,366
₹ 50,000 ₹ 30,56,926

Is LIC Housing Finance a govt company?

LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIC HFL is a subsidiary company of LIC.

LIC Housing Finance.

Type Public
Number of employees 2,103
Parent Life Insurance Corporation of India
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What is the interest rate in LIC?

FD Interest Rate in LIC Housing Finance 2021

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
1 year 5.25% 5.50%
2 years 5.65% 5.90%
3 years 5.75% 6.00%
5 years 5.75% 6.00%