A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    LIC Housing Finance is Rated as "Great!" by 702 Users

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    LIC Housing Finance

    LIC Home Loan Interest RatesUpdated on 25 Nov 2017

    LIC Home Loan Details
    Loan Tenure 30 Years
    Guarantor Requirement No guarantor required
    Processing Fees Nil
    Pre Closure Charges Nil
    Partial PrePayment Charges Nil

    LIC Home Loan

    LIC HFL offers long-term home loan finance to its customers to help fulfil their varied housing needs, Monitored by the National Housing Bank (NHB).

    • Home Loans from LIC Housing Finance Limited are offered to customers at very attractive interest rates.
    • They come with great features including minimal documentation, quick processing times and quick approvals and disbursals.

    The entire process of obtaining a loan from LIC Housing Finance is simple and easy to understand and track. Customers also have the added advantage of clarity through a transparent cost structure.

    These loans are designed around the needs and financial position of borrowers. Customers can avail funding for varying tenures customised to suit their requirements based on their individual servicing capacities. Funds obtained through these schemes can be used to fund a variety of purposes like purchases, construction, renovation etc.

    The company reaches out to different kinds of customer classes. Its housing finance products are tailored to suit the needs of individuals as well as groups; retail borrowers as well as corporate borrowers; resident as well as non-resident Indians. The company also meets the funding requirements of builders, developers and development authorities.

    Besides home loans, LIC Housing Loan offers different types of secured personal loans. Funds so raised are provided against specific assets, depending on the scheme chosen.

    Benefits of Home Loans By LIC Housing Finance Ltd

    Owning a house is dream for every individual. However, LIC Housing Finance has introduced a variety of home loans which are accompanied by multiple benefits to the user.

    • These home loans are designed to cater to the home financing needs of resident Indians, NRIs and pensioners.
    • These loans come with easy terms like comfortable repayment periods, low interest rates, easy repayment options, minimal documentation, quick loan processing and more.
    Apply for Home Loan Online

    Eligibility Criteria for LIC Housing Finance

    LIC Housing Loan for Resident Indians Open to all individuals who are residents of India
    LIC Housing Loan for NRIs Only available to salaried individuals who hold an NRI (non-resident Indian) or PIO (person of Indian origin) status.
    LIC Housing Loan for Pensioners (before retirement) Available to those individuals who are 50 years or above in age and hold a pension scheme post retirement.
    LIC Housing Loan for Pensioners (after retirement) Available to those individuals who are pensioners drawing a pension which forms a stable source of income.

    Documentation Required for LIC Housing Loan

    LIC offers a variety of housing loans to help you finance the cost of a new house, whether it for purchasing, construction or for making an extension to an existing housing unit. The documentation requirements are different for salaried applicants and self-employed applicants. For further details on the required documentation, please contact your nearest LIC branch.

    Basic Documents
    • Duly filled and signed application form.
    • Passport sized photographs.
    • Cheque with processing fee amount.
    • Bank statements for the last 6 months.
    Salaried Applicants In addition to the aforementioned documents, salaried applicants wishing to apply for this home loan must provide:
    • Salary slips for the last 3 months
    • Form 16 or Income Tax Returns
    Self-Employed Applicants
    • Certificates of educational qualifications.
    • Proof of existence of said business.
    • Income Tax Returns for last 3 years along with computation of Income.
    • Balance Sheet and Profit & Loss Account for the last 3 years, certified / audited by a chartered accountant.

    LIC Housing Finance Loan Interest Rate

    LIC Housing finance Home Loan

    The LIC reaffirms its position as a people centric organization by offering home loans at an attractive interest rate of 8.50% to 8.70% (floating) on a monthly reducing balance model. No wonder, LIC housing home loans have many takers when it comes to a competent and comprehensive home loan.

    LIC Home Loan Fees and Charges:

    • Housing loan / Renovation / Improvement / Refinance / Extension / Plot Purchase by self-employed customers / Plot Purchase by salaried customers / NRI loans (loan amount of upto Rs.50 lakh) – Rs.10,000 plus tax.
    • Housing loan / Renovation / Improvement / Refinance / Extension / Plot Purchase by self-employed customers / Plot Purchase by salaried customers / NRI loans (loan amount of between Rs.50 lakh and Rs.3 crore) – Rs.15,000 plus tax.
    • Mortgage loans – Processing fee of Rs.25,000 or 1% of the loan amount plus tax, whichever is lower.
    • Cheque bouncing charges – Rs.350.
    • Statutory charges (loan amount upto Rs.5 lakh) – Rs.250 plus tax.
    • Statutory charges (loan amount above Rs.5 lakh) – Rs.500 plus tax.
    • Charges for document retrieval – Rs.2,500 plus tax.

    Types of Home Loans Offered By LIC HFL

    To cater to the needs of a diverse customer base, LIC offers a variety of home loans to its customers which can be availed for different purposes. These home loans are available for

    • Resident Indians
    • Non-resident Indians (NRIs) and
    • Pensioners (pre-retirement and postretirement)

    Given below are some of the features and benefits of each home loan plan offered by LIC HFL to help you realize your dream of owning a house.

    LIC Housing Finance Loan for Resident Indians

    LIC offers home loans to resident Indians for the purposes of purchasing a new house /residential unit, for the construction of a new house or residential unit or for making an extension to an existing house or residential unit.

    LIC Housing Finance for New House/Apartment Purchase:

    You can avail this home loan for the purchase of a new house/apartment r residential unit.

    • You can avail this loan for a minimum amount of Rs 1,00,000.
    • The maximum loan tenure available for this loan is set at 30 years for salaried applicants and 20 years for self-employed applicants.
    • You can repay the loan via equal monthly installments which will be set on a monthly rest basis.
    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).

    LIC Housing Finance for Construction:

    This home loan can be availed for the construction of a new housing/residential unit.

    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC HFL provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).
    • The maximum loan tenure available for this loan is set at 30 years for salaried applicants and 20 years for self-employed applicants.
    • You can avail this loan for a minimum amount of Rs 1,00,000.
    • You can repay the loan via equal monthly installments which will be set on a monthly rest basis.

    LIC Housing Finance for Extension:

    You can avail this loan in order to build an extension to your existing house. For example, an additional room to an existing house.

    • The maximum loan tenure available for this loan is set at 30 years for salaried applicants and 20 years for self-employed applicants.
    • You can avail this loan for a minimum amount of Rs 1,00,000.
    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).
    • You can repay the loan via equal monthly installments which will be set on a monthly rest basis.

    LIC Housing Loan for Non Resident Indians (NRIs)

    Just like it caters to its resident Indian customers, LIC Housing Finance understands the importance for a non-resident Indian to have their own house, in their motherland. For this purpose, LIC provides NRI customers with home loans which can be availed for the purchase of a new house, for the construction of a new house or to make an extension to an existing house. Given below are some features and benefits of these housing loans in brief.

    Home Loan for Purchase:

    You can avail this home loan for the purchase of a new house/apartment r residential unit.

    • Applicants can avail this loan for a minimum amount of Rs 1,00,000.
    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC Housing Finance provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).
    • NRIs holding professional qualifications may avail this loan for a maximum term of 15 years. Other NRIs can avail the loan for a maximum term of 10 years.
    • Applicants can repay the loan via EMIs which will be taken on the monthly rest basis.

    Home Loan for Construction:

    Applicants can avail this loan in order to finance the cost of construction of a new house or residential unit.

    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).
    • Applicants can avail this loan for a minimum amount of Rs 1,00,000.
    • Applicants can repay the loan via EMIs which will be taken on the monthly rest basis.
    • NRIs holding professional qualifications may avail this loan for a maximum term of 15 years. Other NRIs can avail the loan for a maximum term of 10 years.

    Home Loan for Extension:

    NRIs who already have an existing house in India and wish to make any extensions to their existing house can avail this home loan to finance the cost of the extension.

    • NRIs holding professional qualifications may avail this loan for a maximum term of 15 years. Other NRIs can avail the loan for a maximum term of 10 years.
    • Applicants can avail this loan for a minimum amount of Rs 1,00,000.
    • Applicants can repay the loan via EMIs which will be taken on the monthly rest basis.
    • The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).

    LIC Home Loans for Pensioners

    While it is relatively easy for a young working individual to obtain a home loan, the same might not be as easy for someone who might be approaching their retirement age or has already retired. LIC Housing makes that easy as they provide home loans for individuals who are approaching or have crossed their retirement age. These home loans come with easy terms and provide multiple benefits like ease of repayment, low interest rates, comfortable tenure, etc.

    Home Loan Before Retirement:

    • Applicants may avail this home loan in order to purchase and construct a new house or flat. The loan can also be used to build and extension to an existing house or residential unit.
    • This home loan is available for a term of up to 15 years or till the applicant reaches 70 years of age, whichever occurs earlier.

    Home Loan after Retirement:

    • Applicants may avail this home loan in order to purchase and construct a new house or flat. The loan can also be used to build and extension to an existing house or residential unit.
    • Borrower must repay this loan before he/she attains 70 years of age.

    Why Should You Apply for an LIC Housing Loan via BankBazaar?

    • If you wish to apply for an LIC Housing Finance home loan, there is no place better than BankBazaar, an online portal which is a one-stop shop for all your personal finance needs. When it comes to home loans, BankBazaar has no shortage of options for you.
    • The site provides not only information but also offers on various home loans offered by multiple providers. You can not only enquire about these loans but also draw comparisons between home loans offers by different providers, to choose which one suits your needs the closest.
    • For comparison purposes, the home loans are differentiated on the basis of factors like announcement date by lenders, interest rates, benefits, etc. Once you have chosen a particular home loan from among the available choices, you can also apply for the same via the website itself.
    • All you have to do is enter some basic details about your income and check whether you are eligible for your preferred loan.
    • The BankBazaar website has been designed to provide you with a user experience which is extremely convenient, quick and easy to comprehend. Not only that, you also stand to benefit from exclusive offers and deals which are offered by different banks/loan providers from time to time, as a result of their collaboration with BankBazaar.

    LIC Housing Finance Loan FAQs

    1. What are the different types of home loans provided by LIC Housing?

      LIC Housing provides home loans for resident Indians, non-resident Indians (NRIs) and for pensioners.

    2. What are the terms and conditions associated with the LIC Housing Loan for Pensioners before Retirement?

      The terms and conditions associated with the Home Loan for Pensioners (before retirement) are that the applicant must submit a Letter of Undertaking stating that the entire loan or a minimum of 30% of loan amount (as decided by the Area Office) will be repaid by the applicant out of their retirement benefits. The balance amount of the home loan must be paid from the Pension income. Please note that the principal amount of the loan to be repaid on retirement will be determined on the amount of pension which the borrower is eligible for post-retirement.

    3. Are there any terms & conditions associated with the LC Housing Home Loan for Pensioners after retirement?

      The terms and conditions applicable under this home loan scheme are:

      • Under this scheme, the borrower is not allowed to commutate their pension or any part of their pension.
      • In order to avail the loan, the borrower must present a Guarantor who is approved by the provider.
    4. What are the basic documents that applicants are required to submit in order to apply for an LIC Home Loan?

      The basic documents which applicants must provide to apply for an LIC Housing Home Loan are:

      • Duly filled and signed application form.
      • Passport sized photographs.
      • Cheque with processing fee amount.
      • Bank statements for the last 6 months.
    5. Who all are eligible to apply for an LIC Housing Home Loan?

      For the different categories of home loans, the following individuals may apply:

      • The LIC Housing loan for Resident Indians is open to all individuals who are residents of India.
      • The LIC Housing Loan for NRIs is only available to salaried individuals who hold an NRI (non resident Indian) or PIO (person of Indian origin) status.
      • The LIC Housing Loan for Pensioners (before retirement) is available to those individuals who are 50 years or above in age and hold a pension scheme post retirement. The LIC Housing Loan for Pensioners (after retirement) is available to those individuals who are pensioners drawing a pension which forms a stable source of income.
    6. What are the purposes for which these home loans may be utilized?

      LIC housing Home Loans may be utilized for the purpose of purchasing a new house/flat/residential unit, for constructing a new house or residential unit and also for constructing an extension to an existing house or residential unit.

    7. What are the documents which salaried applicants must furnish in order to apply for this home loan?

      Salaried applicants must provide the following documents, in addition to the basic documents requested by the bank.

      • Salary slips for the last 3 months
      • Form 16 or Income Tax Returns
    8. What are the documents which self-employed applicants must furnish in order to apply for this home loan?

      Self-employed applicants must provide the following documents, in addition to the basic documents requested by the bank.

      • Certificates of educational qualifications.
      • Proof of existence of said business.
      • Income Tax Returns for last 3 years along with computation of Income.
      • Balance Sheet and Profit & Loss Account for the last 3 years, certified / audited by a chartered accountant.
    9. What is the minimum amount for which an applicant may avail an LIC Housing Home Loan?

      The LIC Housing home loan is available for a minimum amount of Rs 1, 00,000.

    10. What is the loan margin available on the LIC Housing home loans?

      The loan margin or Loan to Property cost for home loans for Resident Indians and home loans for NRIs is similar. The Loan to Property cost applicable on this loan is set differently for different loan amounts. For loans up to 20 lakhs, LIC provides 85% of total cost of the property (incl. Registration Charges or Stamp Duty), for loans above Rs 20 lakhs and up to Rs 75 lakhs, LIC provides 80% of the total property cost (incl. Registration Charges or Stamp Duty) and for loans above Rs 75 lakhs, LIC provides 75% of the total cost of the property (incl. Registration Charges or Stamp Duty).

    News About LIC Home Loan

    • LIC HFL made more than 8 Percent Profit in Second Quarter

      In the second quarter, LIC Housing Finance Limited made a profit of 8.8%. The profit stands at Rs.538.1 crore. During the same quarter, last year, the profit stood at Rs.494.8 crore. The income from net interest might go up to Rs.972.9 crore. It suggest that there will be a rise by 12.4%. Last year, during the same time, the net interest income stood at Rs.865.7 crore.

      According to the analysts, in case the loan growth climbs up beyond 15%, the interest margin goes above 2.65% and the non-performing assets (gross) is below 0.8%, then it will be accepted by the Street, positively.

      2nd November 2017

    • LIC Housing Finance Positive about its Loan Growth Rate

      The stock of the LIC Housing Finance has seen a downtrend with the company’s loan growth recorded at about 15%, which is slightly less than most of its competitors.

      Vinay Sah, MD & CEO of LIC Housing Finance, who is optimistic about the company’s loan growth rate, opines that the better growth of the peer companies is due to their low base rate. He anticipates that the company’s loan growth will remain in excess of 15-16% in the coming quarters.

      LIC Housing Finance, which so far financed about 4400 affordable houses in FY17, has an average ticket size of Rs. 22 lakh, which according to Sah, is a decent size in the affordable housing segment, where the average ticket size is 7-8 lakh.

      For Q1FY18, the company recorded 2.5% net interest margins (NIM) compared to 3-3.25% for Dewan housing and Indiabulls Housing and 4% for HDFC.

      According to the CEO, NIMs primarily depend on the cost of borrowings – the lesser the cost the higher the NIM, and LIC’s cost of borrowings in currently going down. He also says that though their lending rates are quite low they still work to improve their NIMs.

      Vinay sounded less bothered about the rising gross non-performing assets (GNPAs), which are up at 0.72% in Q1FY18 from 0.43% in the fourth quarter of FY17, as the percentage is quite small. He, however, mentioned that the company will keep a check and analyse the portfolio.

      19th September 2017

    • LIC Housing Finance (LICHF) to Enter The Affordable Housing Sector

      Considering the growth of affordable housing segment in India, LIC Housing Finance (LICHF) will be joining the lending institutions to boost reality sector in India. The government has already taken various initiatives to encourage affordable housing. The Credit Linked Subsidy Scheme for MIG (CLSS for MIG) is one of the examples which have led the lending institutions to notice a surge in home loan applications. Moreover, the government has also brought together many leading builders/developers and lending institutions to provide a broad range of affordable houses to the citizens all over the nation. This initiative is a part of the ‘affordable housing scheme’ that aims at ensuring the Prime Minister Narendra Modi’s dream of ‘housing for all’. Currently, LICHF is looking for an opportunity to be a part of the affordable housing initiative.

      1st September 2017

    • LIC Housing Finance Appoints a New CEO and MD

      LIC Housing Finance has appointed Vinay Sah as its new CEO and MD. Sah replaced Sunita Sharma, who is now the Managing Director of Life Insurance Corporation of India. He was the Executive Director of Marketing/Product Development division of the LIC before his promotion.

      26th April 2017

    • LIC Housing Finance sees 19% increase in higher interest income

      According to reports made available by LIC Housing Finance to members of the media, the company has recorded a 19% increase in net interest income.

      The report suggested that the company has racked up a profit of Rs.499.26 crores, which brings its year-on-year figure to 19%. The company’s total income too supposedly increased by 12% to hit Rs.3,527.93 crores, while its net interest income rose by a whopping 23% to reach Rs.915 crores.

      It’s net interest margin also increased from 2.58% to 2.75%, an increase of 18 basis points compared to December. Speaking about the positive growth, Sunita Sharma, Managing Director Chief Executive Officer said that the last quarter of 2016 which ended on December 31st was the best and most eventful periods in the company’s recent history.

      She also suggested that the positive results were all due to strict adherence to its core values and continued saying that the company is sure to bring in more positive results during the last quarter of the financial year.

      The company disbursed loans worth Rs.9,684 crores, an increase from Rs.8,422 crores during the same quarter from the previous year.

      20th January 2017

    • LIC Housing Finance to face an uphill battle in the next quarter

      Although, LIC Housing Finance has seen one of the best growth over the last quarter which ended in December, analysts are of the impression that the company is likely to witness a drop in growth rate.

      In the quarter that ended on 31st December, the company had racked up a profit of 19% which amounted to Rs.499.26 crores when compared to the same quarter a year ago in 2015.

      The institution’s margin had also seen an increase and its growth books grew by 15%. But expert opinion suggest that the company won’t see better days over the coming quarters.

      According to industry analysts, the effect of demonetisation and its resultant drop in property prices are only expected to manifest itself in the coming weeks, which is likely to result in a higher number of bad assets.

      Besides, expert said, LIC Housing Finance is yet to face intense pressure from private banks who are leaving no stone unturned in their aggressive courtship of fresh customers. Testimony to this fact are the reports suggesting the fall of disbursals from 30% to 15% from the previous fiscal year. Experts concluded that while a fall is likely, the extent of it would depend on any possible sops and lower interest rates from the upcoming budget.

      20th January 2017

    • LIC Housing Given Buy Rating, Jefferies Expects Steady Loan Growth

      Jefferies, the New-York headquartered Investment Banking and Securities firm recently initiated buy rating for LIC Housing Finance and an R698 price rating. A statement released by the firm indicated that future predictions for loan growth are strong with NIMs expanding and falling bond yields rendering reduced borrowing costs. The industry leaders in the mortgage financing market are HDFC and SBI. LIC Housing has a 10% share in the mortgage market. Jefferies also identified that recent government measures are certain to assist loan growth as structural macroeconomic measures remain conducive.It further said that a CAGR of 19% is expected for the period between FY16-FY18 and the RoE in an upwards of 20%.

      26th October 2016

       
    • LIC Housing Finance Continues Focus on High-Margin Loans

      LIC Housing Finance registered a slight increase in the number of loans given against property and non-core and developer loans to 12.2 percent at the end of the quarter-ended June from 11.5 percent in the corresponding period last year.

      The increasing focus on high-margin loans have helped raised the corporation’s net interest margin to 2.61 percent, up 20 basis points from the same period last year, but less than the 2.71 percent recorded in the previous quarter.

      The individual loan portfolio for the June quarter grew by 15 percent and loans to developers were up by 39 percent, with total loan disbursals rising more than twice from the previous year. LIC Housing Finance’s overall loan book increased by 15% in the June quarter as against 16% in the previous quarter.

      4th August 2016

       
    • Q3 profit rises by 5.3% for LIC Housing Finance

      LIC Housing Finance saw an increase in profit for the third quarter of financial year 2014-15 as compared to the same quarter last fiscal. The raise has been by 5.3% which amounts to around Rs.344 crore. The same margin was Rs.326.6 crore in the 3rd quarter last fiscal.

      The profit growth, as analyzed by experts is also a result of the overall operating profit rise which went up by 15% as compared to the previous year. LIC Housing Finance’s profit before deferred tax adjustment was Rs378.3 crore which was considerably higher than that projected by CNBC-TV18 poll.

      The net interest income of the company was Rs.546.8 crore which slightly fell behind the anticipated income of Rs.566.4 crore. The total income of LIC Housing saw a leap of 15.2% from RS.2343 crore to Rs.2700 crore. Provision write-off for the third quarter was Rs.6.8 crore against a rite-back of Rs.19.03 crore in the previous quarter and Rs.7.45 in the same quarter the previous fiscal year 2013-14.

      11th February 2015

    LIC Housing Home Loan Reviews

    • LIC Housing Home Loan
      "Deals are good"
      0.5 3.5/5 "Pretty good"
      There was no much hassles for me to get the home loan from LIC housing finance. The disbursement was more or less on time and the rate of interest was good. I got a floating rate of 8.35%. The processing charges was normal as well. In all no issues.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • LIC Housing Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a home loan with LIC housing finance in June 2014 till August 2017. They offered the rate of interest at 10.2% but after 2 years they increased the rate of interest to 11.7% and then when I reached out to them to reduce the rate of interest they reduced it to 9.65%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2017
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have an active running home loan with LIC housing finance for an amount of 40 lakhs.Rate of interest is 8.5% is nominal as compared to others.The website is easy to understand and navigate.The Institution need to work on the basic needs of the premises.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 09, 2017
    • LIC Housing Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the home loan with the LIC HFL and the interest rate is around 8.5% and the customer service is fine one for me and the loan amount got disbursed within a month of time and am really happy with them till now.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 08, 2017
    • LIC Housing Home Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      My Home dream was compelted with the help of LIC housing finance ltd. They provided me with this Loan pretty easily, the whole process involved with them was very short and required very less documents. The rate of interest of 9% was very decent comparing the market standards too. They were really pro-active by the way they handled my Loan, I was quite impressed by that.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 07, 2017
    • LIC Housing Home Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was not a good experience I had with LIC for home loan service the staffs are not cooperative the interest rate they offered is very high compare to others in the market also there was lot of hidden charges ,I am not happy with the service of LIC for my home loan service.
      Was this review helpful? 0
      , sri ganganagar
      Reviewed on Nov 07, 2017
    • LIC Housing Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the home loan with LIC housing finance around a year ago. The customer support is good with LIC housing loan. They have disbursed my home loan amount within 20days of time. The required loan amount has been disbursed and I am satisfied with it . The rate of interest and the charges are nominal with LIC housing finance .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 06, 2017
    • LIC Housing Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan with LIC before one year the service was good but I feel the charges was little high compare to others in the market the interest rate they offered was low and the process of LIC for my home loan service was very fast which was very helpful for me it was a good experience with LIC for my home loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 31, 2017
    • LIC Housing Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My home loan is from LIC housing finance. When ever the interest rates are revised by RBI I would not know until I go ahead and check on my own. They are not okay in the customer services. The process to get the loan was okay but they need to work on the after loan services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 29, 2017
    • LIC Housing Home Loan
      "Recommendable for Home loan"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from LIC HOUSING FINANCE. The requested loan amount was 7 lakhs.For the first year the interest rate will be 10.5% and after that the rate of interest will be reduced to 8.5%. The EMI will be 7711 for 10 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 26, 2017
    • LIC Housing Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My housing loan was taken with LIC Housing Finance before 6 years. It is a on going process. I pay EMI as 18k /month through ECS. I am appy with LIC housing finance service. The documentation process are very easier since they are new to the market at that time. I felt the rate of interest is bit high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 26, 2017
    • LIC Housing Home Loan
      "execellent"
      0.5 4.0/5 "Great!"
      My home loan was taken with LIC 9 years back. The loan amount was 6 lakhs and the rate of interest was 10.5% which was high comparing to other banks. The EMI period was 10 years .The customer service and responses was good . My experience was excellent here. I would like to recommend also.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • LIC Housing Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with LIC housing finance 2 years back and the promised interest rate was 8.9 % which was satisfactory for 25 lakhs loan. The EMI period was 16 years . The loan process was very easy and hassle free. Their customers service and responses was up to the mark but they did not provide door step service for the documentation collection. My overall experience was average and I would like to recommend it to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2017
    • LIC Housing Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      LIC housing finance is not up to the mark for the home loan. They are not consistent in the details and they need to be more customer oriented. They do not reduce the interest rates when there is a fluctuation. They need to improve overall in their process and services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • LIC Housing Home Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I Have got the home loan with LIC around 3years ago. The customer service is good with LIC limited. The rate of interest is high when I got the home loan from LIC. I have got the loan amount within a week time. The transparency is seen in their process and I am satisfied with the loan amount. The rate of interest was floating with LIC.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • LIC Housing Home Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      I am not at all happy with LIC service there is no proper communication I feel there is lack in the communication and they use to make the emi amount high for each payment without any intimations or without any response from me ,so I can say the service of LIC is worst for my home loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 10, 2017
    • LIC Housing Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      During the year 1998 I had taken a home loan from LIC for an amount of 1.5 lakhs , at that time they were so many issues in taking the housing loan from them. I had to submit too many papers for availing this housing loan. If only we know some one in person there at the branch our loan would get processed. Interest rate offered by them was on the higher side which is 14% at that point of time itself. EMI was amounting to 2000 for a tenure of 10 years.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 07, 2017
    • LIC Housing Home Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      Service is very fast ,even the legal verification was on time never had any queries . Representatives and customer service was very helpful and responsible from LIC home loan service ,overall service is average from LIC . I dont have any issue with their service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 05, 2017
    • LIC Housing Home Loan
      "Userfriendly service"
      0.5 4.0/5 "Great!"
      Loan procedure was good in LIC housing, they almost taken 20 to 25 days to complete the home loan process but its fine for me. LIC gave me 80% of loan on the property value, I purchased resale house based on that, they have disbursed the loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 04, 2017
    • LIC Housing Home Loan
      "Bad customer service"
      0.5 2.0/5 "Expected more"
      From LIC housing finance i have taken a home loan. The customer service with this bank is very poor. The wont respond at any time. I hardly get notification regarding the loan. If the rate of interest also lowered then then if i visit the branch only i will come to know about it. The rate of interest was 8.95% after the negotiation they changed it to 8.5%
      Was this review helpful? 0
      , pune
      Reviewed on Sep 26, 2017
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