Latest Posts

Template for a Design Brief

Template for a Design Brief - A design brief is a written document that describes the purpose of the project and includes details about...

How To Flash Mobile Using HTML5

It supports using different flash cards, such as SD, MicroSD, and TF.If you're a web developer, you might have heard of the HTML5 specification...

Buy and Sell Property Using The Power Of Virtual Reality

Buy and sell property using the power of virtual reality; by using your smartphone, tablet, or computer with the help of our 3D mobile...

SEO Competitive Analysis Tools

You want to get more visitors to your site to increase your conversion rate and revenue. To accomplish this, you'll need to perform an...

LIC Home Loans in India

Facebook
Twitter
Pinterest
WhatsApp



LIC approach lifestyles Graet Gossip coverage organization is itself a properly reckoned call in the finance subject, and it’s far one of the maxima trusted vendors of financial answers in India. As all of us realize, domestic loans may be used for getting a new domestic/flat or every other belongings for residential functions. Hence, it can be a beneficial alternative in producing, refurbishing, or preserving present property. LIC domestic loans are offered based on long-term and at decrease interest rates. Following are the house loan schemes which might be provided by way of LIC:

Griha Prakash: beneath this scheme, the minimal loan quantity that can be sanctioned is Rs 1 lakh. And the loan amount can be upto eighty-five, of the entire price of the assets. The tenure period can be of almost two decades, and the price of interest may additionally vary from organization to organization. Griha Prakash’s loan scheme is for buying, constructing, amplifying, healing, or forgetting land to assemble a house.

LIC Home Loans in India 1

Griha Lakshmi: This is another one of LIC’s pleasant domestic loan plans, which is strictly relevant to the best Indian residents. It’s far offered at a competitive price of pursuits, and its tenure period can be 15-20 years. Griha Shobha: Griha Shobha is also a mortgage scheme provided using LIC. This is appropriate for the Indians who’re settled overseas. The minimum loan amount is offered below this scheme is Rs 5 lakh, and tenure length may be from 10-15 years to repay the loans.

This scheme consists of all functions like creation, purchase, protection of the existing assets. Griha Sudhar: that is a form of housing finance plan that is particularly made to refurbish and reconstruct housing belongings. Underneath this scheme, applicants can borrow the most loan quantity, around Rs 10 lakhs. The rate of hobby may additionally range from metropolis to metropolis.

Related Articles : 

Miscellaneous services: those special offerings are made for the pensioners to meet their precise requirements in step with their convenience. A person who has obtained 50 years or greater and receives a pension after retirement is eligible for the mortgage. Life coverage agency (LIC) of India offers housing finance at an appealing hobby charge, which is not most effective less costly through the customers.

However, they also are effortlessly repayable. The constant rate of hobby charged by way of the financial institution for a period of zero-20 years is 10.five – 11.00%, in line with annum. The floating price of interest charged through the bank is 9.five in keeping with the annum.




Latest Posts

Template for a Design Brief

Template for a Design Brief - A design brief is a written document that describes the purpose of the project and includes details about...

How To Flash Mobile Using HTML5

It supports using different flash cards, such as SD, MicroSD, and TF.If you're a web developer, you might have heard of the HTML5 specification...

Buy and Sell Property Using The Power Of Virtual Reality

Buy and sell property using the power of virtual reality; by using your smartphone, tablet, or computer with the help of our 3D mobile...

SEO Competitive Analysis Tools

You want to get more visitors to your site to increase your conversion rate and revenue. To accomplish this, you'll need to perform an...

Don't Miss

Cloud Computing Security Threats Identify Cloud Security Breaches

Being the entirely new shift in the dimensions of information technology, cloud computing has offered new potential, innovation, and paradigm to the industry verticals....

Knowing How To Pick The Perfect Cloud Security Management Software

There are many companies out there trying to direct your attention towards their cloud security management software. You need to know what's the best...

Using PKI With the Cloud-Secure Web the Sophisticated Way

PKI is an abbreviation for Public Key Infrastructure. It is a comprehensive system aimed at providing digital signature services and public-key encryption. The purpose...

When It Comes To Storage, A Private Cloud Security Business Has The Advantage

Whether public or private, one thing is certain... cloud storage is here to stay. In fact, studies show that by 2018, 31 percent of...

What Is FedRAMP and How Will It Affect Cloud Security?

Expected to be operational by June of 2012, the Federal Risk and Authorization Program (FedRAMP) is the current administration's attempt to set cloud computing...

Stay in touch

To be updated with all the latest news, offers and special announcements.