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LIC Housing Finance

LIC Housing Finance Ltd. is a part of the LIC of India group and is one of India's major housing finance providing company. LIC Housing finance also provides home loans to the expatriate Indians settled in different countries of the world. The home loan schemes are offered for varied purposes be it construction, renovation, purchase of an existing or a fresh property or a land to build a house. LIC Housing Finance Limited which was initially promoted by LIC came into being on 19th June 1989 and established itself in the market only in the year 1994. The company is registered with National Housing Bank and finds itself on both the National Stock Exchange and the Bombay Stock Exchange. Following are the principal aims of the company:

  • To offer loans to customers willing to purchase/build/repair work or renovation of their existing property.
  • The company provides the self-employed people with easy and hassle free finance options for renovation of their offices/business properties or to bear certain other needs and requirements in both personal and professional fields.

LIC Housing Finance Branches

LIC housing finance ltd. has its corporate office located in Mumbai. The company has a huge share in marketing network of India with its 6 regional offices, 13 back offices and around 130 units across India for marketing and has hired more than 1350 Direct sales agents and more than 7000 agents for home finance and more than 750 customer care associates to expand its marketing operations. Back offices that are spread throughout India conducting credit estimation along with other administrative activities. LIC Housing Finance is perhaps the best choice to hire home finance services as it provides various easily understood and attractive housing finance options without much hassles. LIC Housing Finance Limited has a backing of more than 5 lakh loan applicants in support of its customer base. It has branches in Bangalore, Pune, Chennai, Hyderabad, Mumbai, Delhi, Faridabad, Gurgaon, Noida, Jaipur etc.

Following are certain key features of LIC Housing Finance

  • The application to avail any of the services of LIC HOUSING FINANCE LIMITED is very easy and comfortable to apply and is followed by a quick response of approval.
  • The rate of interest provided by LIC Housing Finance Ltd. is by far the lowest in the market.
  • LIC boasts of easy accessibility and has the largest network of branches spread throughout the country.
  • There are no hidden costs involved in case of interest amount to be paid by the loan applicant.

LIC Housing Finance Eligibility

The company lays down certain pre-conditions as part of eligibility for the loan applicants willing to avail loan schemes offered by the company. Following are certain requirements that the company seeks before sanctioning any loan scheme: The loan applicant must be having some or the other profession with a steady flow of income in order to avail housing loan from the company. The loan schemes offered by LIC Housing Finance include home loan to - purchase/construct a new property, purchase an already existing house that is not old more than 35 years, improve or amplify your existing house or for any sort of repair or renovation work in your present abode.

LIC Housing Finance Interest Rates

LIC Housing finance interest rates are possibly the most flexible and competitive in the whole home loan sector. The amount of interest rate to be paid towards the loan amount largely depends upon the purpose for which the home loan has been acquired and thus varies from scheme to scheme. The purpose to acquire might range from - purchase/construction/extension/renovation/buying a land or a plot for construction of a house or may be for investment purpose. The company informs its customers either during the time of disbursement of loan amount or when a deposit account is opened with the company or during the counseling session about the interest rates applicable to them or their loan or deposit account and also about how the interest amount is calculated. The company informs its customers about the change in rates of interest according to the market movements.

The information on amount of interest required to be paid can be attained from the website of the company or by getting in touch with the officer in the nearest office in your area.

LIC Housing Finance Emi Calculator

LIC Housing finance EMI calculator provided on the company's website is a free of cost, easy to use and substantially a very advantageous way for the prospective LIC housing finance customers to compute their respective EMI amount they might have to ante up as part of the monthly installment for the home loan acquired.

LIC Housing Finance Repayment

LIC housing Finance provides repayment mode in form of easy EMIs towards the interest payment on part of the principal amount so acquired in form of home loan. The Equated Monthly Installment can set about either right away after the whole loan amount is disbursed or within an year of disbursement of the entire loan amount. The interest on the loan amount disbursed on monthly basis is to be paid until the monthly installments begin.

LIC Housing Finance Fixed Deposit Schemes

LIC housing finance is a major player in India's realty sector and came up with its first ever Fixed deposit scheme in May '07 with a view to raise its funds by deposits made by individuals under its lucrative fixed deposit scheme. The company came up with the FD scheme in order to activate its funds. The company is providing an interest at the rate of 6.5-9% for the 3 year deposits and 9.25% pa. for the 5 year deposits.

LIC Housing Finance Careers and Recruitment

The company provides job opportunities at the assistant, direct sales agent, home loan agents, customer care executives and other levels. LIC carries out its recruitment program every year and gives employment to thousands of people. To know more on the current vacancies, jobs or for a career with the Life Insurance Corporation of India you can visit their official website.

LIC Housing Finance Customer Care

LIC housing finance customer care department handles all customer problems, queries and complaints if any. It also provides each customer with a complaint number so that the complaint is solved as soon as possible. The officials would give you a call after your problem is tackled. The toll free number of LIC is 1800 44 0005.

For further information on LIC housing finance limited you can log onto: www.lichousing.com .

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