LIC Housing Finance Limited was incorporated in 1989. Today, it is one of the largest and most trusted housing finance companies in India. LIC HFL offers loans to people from all walks of life, right from salaried people and pensioners to self-employed individuals and NRIs too. The company also offers a wide range of financing options, so no dream is too large to remain unfulfilled.
LIC Housing Finance went public in 1994, and its stocks are now actively traded on both the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE). If you are looking for affordable home loan interest rates, look no further than LIC Housing Finance Limited. And avail your loan through a hassle-free process on Bajaj Markets.
The housing loans from LIC HFL are offered at attractive interest rates beginning as low as 8.30% per annum.
LIC Housing Finance Ltd. also offers different types of loans to meet various needs like home purchase, home construction, renovation, improvement and balance transfer.
The eligibility criteria are also quite relaxed, and LIC HFL offers loans for salaried and self-employed persons as well as NRIs and pensioners.
Depending on your needs and your eligibility criteria, you can borrow up to Rs. 15 Cr from LIC Housing Finance Limited.
The repayment tenures are also very convenient, going up to 20 years for self-employed borrowers and 30 years for salaried individuals.
Here is a list of some of the awards and accolades that LIC Housing Finance has received over the years.
Voted as the Brand of the Decade 2019 by BARC Asia
To avail a housing loan from LIC Housing Finance, you need to be at least 21 years of age. The upper age limit at the time of loan maturity for self-employed people is 70 years, and for salaried people it’s the retirement age. In addition to this, there are also income-related eligibility criteria.
If you are a salaried person, your monthly income should be at least Rs. 25,000 if you live in a non-metro city and Rs. 35,000 if you live in a metro city. If you are self-employed, your annual profit after tax (PAT) should be at least Rs. 4 Lakhs if you live in a non-metro city and Rs. 6 Lakhs if you live in a metro city.
LIC Housing Finance does not have any specific requirements regarding the work experience of the applicant.