Rs.1 lakh and above
Overview
Under this scheme, borrowers can avail a minimum home loan of Rs. 1 lakh. While the maximum tenure offered to professionally qualified borrowers is 20 years, it’s capped at 15 years for the rest. Further, the three assured rate reductions can be availed by borrowers on the 24th, 36th, and 60th months from the date of disbursement, for the 1st, 2nd and 3rd rate reductions respectively.
It is a tailor made home loan who NRIs who want to borrow from LIC at reasonable interest rates. GRIHA PRAKASH includes Purchase and Extension
GRIHA SUDHAR includes Renovation
rate trends:
Minimum Amount to be borrowed is Rs 1 lac
Maximum term of loan –
Key Features
Eligibility
Eligibility will be established for each borrower individually, based on their credit history, repayment capacity and other criterias.
Processing Fees
LIC Housing Finance charges a processing fees of 1% of the home loan amount you have applied for, subject to minimum of Rs. 10,000/- for non resident Indians.
Document Required
Here’s a list of self attested documents you will need to submit along with your home loan application.
Do note that the above mentioned documents will have to be notarised by an attorney or by the Indian embassy located in the country of current residence.
Here are a few more documents that you will need to provide...
Note: All documents listed above are only indicative of the general list of documents requested by the bank, these may vary depending on your location and financial history. Do check with your bank while applying for the loan.
Link: http://www.axisbank.com/personal/loans/home-loan/empower-home-loans/index.html