| Scheme Details |
| Lender |
LIC Housing Finance |
| Purpose |
Repair/Maintenance |
| Borrower's Minimum Age (yrs.) |
18 |
| Borrower's Maximum Age (yrs.) |
65 |
| Maximum Age of Property (yrs.) |
40
|
| Property Locations |
All Over India |
| Margin on Property |
75%
|
| Maximum Loan (Rs.) |
| Resident Indian |
Non-Resident Indian |
|
1,000,000
|
1,000,000
|
|
|
| Tenure Details (Yrs.) |
| Resident Indian |
Non-Resident Indian |
|
15
|
NA
|
|
|
| Charges |
| Charges |
Resident Indian |
Non-Resident Indian |
| Prepayment Charges |
1% |
1% |
| Processing Fees |
0.5% |
0.5% |
| Administration Fees |
1% |
1% |
| Commitment Fees |
0 |
0 |
| Registration Charges |
0 |
0 |
|
|
| Interest Details for Resident Indian |
Fixed Interest (after Quarterly Compounding) |
| Loan Slab (Rs.) |
Tenure |
5 Years
(%) |
10 Years
(%) |
15 Years
(%) |
| 0 to 10000 |
NA |
NA |
NA |
| 10001 to 50000 |
NA |
NA |
NA |
| 50001 to 60000 |
9 |
9.5 |
9.75 |
| 60001 to 100000 |
9 |
9.5 |
9.75 |
| 100001 to 200000 |
9 |
9.5 |
9.75 |
| 200001 to 500000 |
9 |
9.5 |
9.75 |
| 500001 to 800000 |
9 |
9.5 |
9.75 |
| 800001 to 1000000 |
9 |
9.5 |
9.75 |
| 1000001 to 1500000 |
9 |
9.5 |
9.75 |
| 1500001 to 2500000 |
NA |
NA |
NA |
| 2500001 to 50000000 |
NA |
NA |
NA |
|
|
| Interest Details for Non-Resident Indian |
| Loan Slab (Rs.) |
Tenure |
5 Years
(%) |
10 Years
(%) |
15 Years
(%) |
|
|
| Interest Rests (Reducing Factor) : |
Monthly |
| Penal Interest |
2% |
| Floating Interest |
No Schemes Presently Available |
|
| Customizable Loan Products |
| Step-Up EMI : |
Yes |
| Step-Down EMI : |
Yes |
| Bullet Repayment : |
Yes |
| Other Services |
| Identification of Property |
| Property Valuation |
|
|
| Security details |
| Equitable Mortgage |
| Collaterals (as a % of Loan) : |
0% |
|
|
| Legends And Notes |
| Property Type |
| C:Loans for Construction of Property |
P:Loans for Purchase of Property |
RM:Loans for Repair & Maintanence of Property |
| E:Loans for Extension of Existing Property |
SL:Site Loans |
STBL:Short Term Bridge Loan |
| Interest frequency |
| Q:Quarterly |
| Reducing factor |
| M:Monthly |
D:Daily |
A:Annually |
| Repayment |
| EMI:Equated Monthly Installments |
| Other Charges |
| PC:Prepayment Charges |
AF:Administration Fee |
CF:Commitment Fee |
| RC:Registration Charges |
| Data |
| NA:Not Applicable |
DN:Data Not Avaiable |
Blank cell indicates not applicable |
| Note: For details on Reducing factor, Daily reducing, Monthly reducing, Annual reducing refer Jargon Buster. |
| Note: The Actual loan will be dependent on various factors such as age, income, no. of dependents, spouse's income, nature and stability of occupation. |
|
|