Question: What Is The Interest Rate Of LIC Home Loan?

What will be the EMI for 20 lakhs home loan?

Check EMI Calculation for 20 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 20 Lakh home loan amount per month?…EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs.4056010 YearsRs.2426015 YearsRs.1912020 YearsRs.167202 more rows.

Which bank home loan is best?

Best Banks Which Offers Home Loans in IndiaS.NoBank NameMarket Percentage1SBI Home Loan34.00%2HDFC Ltd24.13%3LIC Housing05.83%4ICICI Bank13.10%4 more rows

Which is better SBI or LIC Home Loan?

As per the current rates, LIC Housing Finance offers a lower interest rate of 6.90% on Home Loan when compared to SBI which offers a Home Loan at 6.95%.

What is the interest rate of LIC loan?

Loan Against LIC Policy Interest RatesBank/NBFC/HFCInterest Rate (%)LIC Housing Finance14.80 onwardsAxis Bank10.50 onwardsBajaj Finserv12.99 onwardsKotak Mahindra Bank10.99 onwards1 more row•Nov 4, 2020

How can I avail my LIC Home Loan?

LIC HFL Home Loans Documents RequiredDuly filled in home loan application form.Proof of Identity such as Aadhaar Card, PAN Card, Voter’s ID Card or Passport.Proof of Residence such as Passport, Ration Card, Electricity Bill or Telephone Bill.Bank Passbook or bank account statements of last two years.More items…•

Which home loan is best SBI or HDFC?

You should do a comparison of home loan between SBI and HDFC banks….Which is a better bank for Home Loan – SBI or HDFC?CategorySBIHDFCAmount of LoanRs.5 L – Rs.10 CrUp to Rs 10 CrInterest Rate (Annual)6.95% – 7.50%6.95% – 8%1 more row•Aug 31, 2020

Which bank has lowest interest rate on home loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMaximum Interest Rate (%)ICICI Bank6.958.05Indian Bank6.807.40Kotak Mahindra Bank7.408.60Indian Overseas Bank6.857.306 more rows•Nov 20, 2020

Does LIC give loan?

You can avail a loan amount up to 90% of the policy’s surrender value to meet various personal financial needs such as medical expenses, marriage, education, etc. Table of Contents: LIC Personal Loan Interest Rates. … LIC Personal Loan Interest Calculation.

Which type of loan has lowest interest rate?

Going purely by the interest rates, Yes Bank is currently offering the lowest interest rate of 10.75%. Apart from this HDFC, RBL Bank, Tata Capital, IIFL, Citibank are the best banks to get personal loans from. These banks offer interest in the range of 10.99-16% and the money is disbursed within 1-2 days.

How can I close my LIC Home Loan Online?

Apply for a preclosure certificate from LICHFL. On receiving it, issue a cheque is favour of LICHL along with a request letter for preclosure of loan. You would be charged a prepayment penalty if it’s fixed rate home loan else no prepayment penalty is applied if it’s a floating rate home loan.

How can I repay my LIC loan?

You can follow any of the LIC loan repayment procedures:pay the interest along with the principal.pay only the interest and principal amount can be settled with the claim amount on the maturity.pay interest for a few years and repay the principal when you have excess cash.

How can I check my LIC Home Loan Status?

You can access the status report associated to the home loan through the menu (left hand side). Click on “Loan Status Report” selection present in the menu, and pick the appropriate account number and press the “Go” button.

Is LIC good for home loan?

LIC Home Loan Interest Rates LIC HFL offers low, competitive interest rates based on job position, CIBIL credit score and the loan amount you wish to avail. Relative to other non-bank home loan lenders, LIC charges very low interest rates on home loans, with rates comparable to top banks like HDFC, SBI and ICICI Bank.

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

What are the documents required for home loan in LIC?

Common requirements for all applicants.Application form duly filled in.Identity Proof such as PAN Card, Voter’s ID Card or Passport.Address Proof such as Ration Card, Electricity Bill, Telephone Bill, etc.Bank Pass-book or statements for the last two years.Power of Attorney, wherever applicable.