LIC Housing Finance is the housing loan division of LIC and offers attractive lic home loan plans in an easy process. LIC home loan feature attractive interest rates, easy documentation, transparency in dealings, customization, professionals giving doorstep services along with access to offices all over India. Indian citizens can avail of loans for construction of a house, for purchase of a house, for extension, renovation, repairs and for purchase of a plot. Any prospective house owner wishing to apply for a loan will consider the interest rate, EMI and processing fees. LIC home loans offer three schemes based on fixed rate of interest for a period of 2, 5 and 10 years in the below Rs. 30 lakh category, the 30-75 lakhs category and the above Rs. 75 lakhs category. Applicants can choose to follow the fixed interest route or opt for fixed rate of interest for the first five years and for a floating rate thereafter. Borrowers can also opt for floating interest rate with an option to revert to fixed rate of interest. Another offer allows fixed rate for the first three years and a floating rate on completion, for the rest of the tenure. If you have an LIC policy, the process becomes easier and when you are out to get a home loan have a look at LIC home loans.
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