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LIC Home Loans India provides home building loan at attractive rate of interest. People also find it easy to pay back loan amount since LIC Home Loans offers a flexible period for repayment in many of its schemes. Also, any Indian whether living in the country or abroad can apply for home loans under different schemes. So, the popularity level of LIC Home Loans is increasing by leaps and bounds everywhere in the country.
An individual can get a long term finance for purchasing a new house, flat or a residential plot. It is also possible to get loans for construction, remodeling, repair or renovation of existing houses or flats. Another category of finance include loans against existing property for other household or commercial tasks. Residents of India as well as Non Resident Indians can take LIC Home Loan for construction, purchase, extension, repair / renovation or purchase of plot with fixed Front End Charges (FEC) of 1% of the total loan amount.
LIC Home Loan India also provides its services especially to the Pensioners. Besides this, unique services like Green House (for professionals), Step-up EMI facility (for potential youngsters) and for Non Resident Indians in Gulf region is also provided.
For Indian Residents, LIC Home Loans offers 2 schemes of Griha Prakash and Griha Lakshmi, which covers up to 85% of total cost while providing loan which can be re-paid in 15 to 20 years (depending upon the scheme) or before the age of 70 years, whichever is earlier. If you are experiencing space problem within your house, LIC Griha Prakash offers you loans for extension of housing units. The loans provided under this scheme should be at least Rs. 1,00,000 and can go up to 85% of the total market value of your house. In both the schemes, stamp duty and registration charges are included in the loan amount. You are given a flexible period to repay the whole loan amount along with accrued interest.
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LIC Home Loans India 
