LIC Housing Finance Limited Loan Against Property - Features & Benefits

For individuals
 

  • Minimum amount that may be availed through this loan is Rs. 2 lakh
  • Maximum loan term is 15 years
  • The loan applicant has to provide the following security to avail the LIC Housing Finance Ltd:
     
    • Equitable or registered mortgage of residential property
    • Demand Promissory note
  • Processing fees is 1% of the total loan amount plus service tax.
  • No prepayment penalties charged by LIC Housing Finance Ltd
  • The collateral property cannot be older than 35 years.
  • Interest rates are as per prevailing industry standards
  • LIC Housing Finance Ltd will take into consideration the loan applicants’ income, past credit history and repayment capacity while sanctioning the loan.
  • Basic KYC documents required to apply for LICHFL loan against property:
    • Valid proof of identity
    • Valid proof of address
    • Form 16
    • Previous two years Income Tax Returns

Rental Securitization 

  • Provide financial assistance
  • The company that wishes to avail this LICHFL LAP may be listed or unlisted
  • The loan amount can be used to meet any short term or long-term business requirements
  • Maximum of loan term 10 years
  • Processing fees that are 1% of the total loan amount plus service tax.
  • The property that the loan applicant wishes to mortgage cannot be older than 35 years.
  • The interest rates that are charged by LIC Housing Finance Ltd are attractive as per prevailing industry standards.
  • No prepayment penalties charged by LIC Housing Finance Ltd.

For companies
 

  • Repay any existing loan
  • Finance the purchase of the company’s fixed assets, etc
  • The company that wishes to avail this loan may be listed or unlisted
  • to finance a company’s short term or long-term business requirements
  • The term of this loan is for a maximum of 10 years
  • Processing fees that are 1% of the total loan amount plus service tax
  • The loan amount has to be repaid in Equated Monthly Instalments over the loan tenure
  • The property that the loan applicant wishes to mortgage cannot be older than 35 years
  • The interest rates are attractive as per prevailing industry standards
  • No prepayment penalties charged for the loan against property scheme

Reverse Mortgage Loan: 

  • Loan against property for senior citizens who can borrow against their existing self owned property and self acquired property
  • The loan from LIC HFL is provided through monthly/quarterly/half yearly and annual disbursement or a lump sum or as a committed line of credit or as combination of the two
  • The maximum tenure of the loan is 15 years. The borrower of the loan can continue to stay in the property as long as the he/she is alive and after his/her, their spouse or husband can stay till death
  • You can even prepay the loan , whenever you feel so during the tenure without any prepayment charges
  • The pre-condition or to be more precise, the only precondition is that borrower should be the owner of a self-acquired and self-occupied property or flat located in India, with clear title indicating the ownership of the property
  • The residential property should be free from any encumbrances and the residual life of the property should be at least 20 years
  • LIC Housing finance Ltd charges a processing fee of 1% of the loan amount for all the loans
  • You can apply loan against property from LIC HFL by contacting the designated officer of the institution or online by visiting the official website of the lending company

For Professionals
 LIC Housing Finance Ltd offers this loan to provide financial assistance for the purpose of
 

  • This loan is also provided to finance the purchase of equipment that the professional needs for his or her practice.
  • This loan against property in LIC HFL is provided by LIC Housing Ltd to resident Indians who have a professional practice. This loan may also be sanctioned to a company or partnership firms of the professional.
  • The term of this loan is for a maximum of 10 years. LIC Housing Finance Ltd offers this loan for a long tenure of ten years, giving its borrowers ample time to repay their loans. The longer tenure means lesser EMIS as the repayment is spread across a longer period of time. The borrower may also choose a shorter loan term if it would be possible for them to repay the loan in the shorter duration and the correspondingly higher EMI amount.
  • The loan applicant has to provide the following security to avail the LIC Housing Finance Ltd – Loan to professionals for their professional practice:
    • Equitable or registered mortgage of the property or premises for which the loan is being raised
    • Demand Promissory note
    • A personal guarantee has to be provided by the directors or partners, as applicable
    • In case this loan is being availed by a company then registration of charges in ROC has to be provided
    • As additional security, applicant may provide the hypothecation of equipment, if financed
  • The loan applicant has to pay processing fees that are 1% of the total loan amount plus service tax.
  • The loan amount has to be repaid in Equated Monthly Instalments over the loan tenure.
  • The property that the loan applicant wishes to mortgage cannot be older than 35 years.
  • The interest rates that are charged by LIC Housing Finance Ltd are attractive as per prevailing industry standards.
  • No prepayment penalties

LIC Housing Finance Loan Against Property in Delhi NCR through LoanMoney

Apply for Personal Loan, Home Loan, Business Loan & Loan Against Property in Delhi & NCR through LoanMoney

Home Loan in Delhi/NCR through LoanMoney

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.

Read More
Personal Loan in Delhi/NCR through LoanMoney

Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.

Read More
Loan Against Property in Delhi/NCR through LoanMoney

A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.

Read More
Business Loan in Delhi/NCR through LoanMoney

Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.

Read More
About LoanMoney, Delhi

LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at info@loanmoney.in or +91-8130 222 111 for Transparent and Fastest Processing of Loan.

Why LoanMoney?
# Secured and unsecured Fundings
# Over 21 bank and other financial institutions.
# CORPORATE Direct Associates of All MNC, Pvt Banks, NBFC.
# Personal Loans, Loan Against Property, Home Loans, Business Loans
# Team of expert CA , Ex Bankers, Field Support

LoanMoney deals in ..
# Home loans - Residential/ Commercial/ Industrial - Purchase /Reconstruction / Plots
# Loan Against Property - Residential / Commercial / Industrial
# Business Loans - Unsecured Overdraft / Term Loan / Against Credit Card Swipe
# Personal Loan - Against Salary /Professional Receipts Doctor/ CA/Engg
# Working Capital for SME - Overdraft/ Cash Credit / Term Loan /Export Funding/ Non Funded
# Machinery / Equipment Loans - Medical/ Construction/ Vehicles
# Educational/ Hospital Institutions Loans to Trust/ Society

Contact Now
 
Loan Application
Like/Follow LoanMoney on Facebook Follow LoanMoney on Twitter Read LoanMoney Blog Follow LoanMoney on LinkedIn Follow LoanMoney on Google Plus Watch LoanMoney Videos on Youtube