lic mortgage loan interest rate 2019

Stay covered with MetLife: life, auto & home, dental, vision and more. Learn more about MetLife employee benefits and financial solutions. LIC Housing Finance Fixed Deposit – Check best interest rates on Coverfox. Get details on features & benefits online. Read more about eligibility criteria. Several repayment instalments were remitted with the second opposite party who charged 14.75% interest. Though the housing loan interest rates were reduced.

Lic mortgage loan interest rate 2019 -

LIC Housing Finance

Legislation & regulation

Banking
Asset
management
Legislation
  • The Unit Trust of India Act, 1963
  • Indian Registration Act, 1908
Other regulations
  • SEBI (Mutual Funds) Regulations, 1993
Insurance
Financial
markets
Alternative
financial
services
Authorities & boards
Legislation
Microfinance
  • Tamil Nadu Money-Lenders Act, 1957
  • The Bombay Money-Lenders Act, 1946
  • The Karnataka Money-Lenders Act, 1961
  • The Kerala Money-Lenders Act, 1958
  • Bengal Money-Lenders Act, 1940
  • The Rajasthan Money-Lenders Act, 1963
Other
  • Multi-State Cooperative Legislation Act, 2002
  • Mutually Aided Cooperative Acts
  • The National Housing Bank Act, 1987
  • The Chit Funds Act, 1982
Alternative
investment
funds
Authorities & boards
  • Indian Association of Alternative Investment Funds (IAAIF)
Legislation
Regulations
  • SEBI (Venture Capital Funds) Regulations, 1996
  • SEBI AIF Regulations, 2012
  • SEBI (Investment Advisers) Regulations 2013
Источник: https://en.wikipedia.org/wiki/LIC_Housing_Finance
Purpose:Loan against Mortgage of Residential House / Flat.
i)   Children´s Education / Marriage
ii)   Children´s Education / Marriage
iii)   Purchase of another Property.
iv)   Business Expansion.Loan Amount :Min Rs.2,00,000/-Loan Term:Maximum 15 yearsDisbursement Of Loan:Equated Monthly Installments (EMI) - Monthly Rest Basis.Security:1. Equitable / Registered Mortgage of Residential Property - Age of property not more than 35 years.

2. Demand Promissory Note.Upfront Fees:1.00% of Loan Amount + Service Tax, as applicable.This scheme is applicable to Resident Indians only.
Источник: https://www.lichousing.com/lap_individual.php

LIC Housing Finance slashes home loan rate to all-time low of 6.9%

MUMBAI: Mortgage lender

LIC Housing Finance

introduced an all-time low interest rate rate of 6.9% for new home loanborrowers. To bring in rate parity even current borrowerswill be able to enjoy this new rate of interest.

The interest rate for home loans up to Rs 50 lakh starts from 6.9% for borrowers with CIBIL score of 700 and above. For a similar score, the rate of interest is 7% onwards for loan above Rs 50 lakh.

“Home loan interest rates are at an all-time low for the company thereby resulting in low EMI payment, attractive price points and affordable EMI will aid in addressing the demand side for buying homes,” said Siddhartha Mohanty, MD & CEO of LIC Housing Finance. “There is no dearth of liquidity what is lacking is consumption demand through this product we are trying to create that.”

The mortgage lender said it’s total loans under moratorium was below 25%, out of which 60% of the construction finance book was under moratorium. From its total construction book of Rs 13,000 crore, upwards of Rs 8000 crore of loans are under moratorium. The silver lining is more than 46,000 borrowers largely retail, have started paying their dues, Mohanty said.

“We are seeing stress in the project finance segment and we are looking to address that. Right now the borrowers are taking relief due to moratorium provided,” he said.

The mortgage lender also launched a special home loan product ‘Griha Varishtha’ for pensioners. The tenure is till the attainment of 80 years of age or maximum up to 30 years, whichever is earlier.

This specially designed product caters to retired or serving employees of PSU insurers, central and state government, railways, defence, banks among others, entitled to pension under Defined Benefit Pension Scheme. For higher loan eligibility, the applicant can also jointly apply with their earning children.

( Originally published on Jul 22, 2020 )

(Your legal guideon estate planning, inheritance, will and more.

All you need to know about ITR filing for FY 2020-21.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Источник: https://m.economictimes.com/wealth/personal-finance-news/lic-housing-finance-slashes-home-loan-rate-to-all-time-low-of-6-9/articleshow/77109711.cms

Best Interest Rate for LIC Housing Finance Loan Against Property

1. Application form duly filled with photographs of directors.

2. Age Proof of Directors - PAN Card, Aadhar Card, passport.

3. Residence Proof of Directors - Utility Bills/ Passport/Bank statement/ Registered rent agreement.

4. PAN Card of Company.

5. Education Qualification - A professional qualification certificate in case of Doctors/CA/Architects.

6. Proof of Business - Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate.

7. MOA, AOA, List Of Directors, Share Holding Pattern of the Company.

8. Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.

9. Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account.

10. Existing Loans’ sanction letter with repayment track of company and Individual Directors.

11. Business Profile on the Letter Head of the Company.

12. ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.

13. Cheque of Processing Fee.

Источник: https://www.loanadda.com/bank-products/loan-against-property/lic-housing-finance

Public Deposit Scheme

Interest rates effective from 01/04/2021 on Public Deposits upto ₹ 20 CRORES

TERMINTEREST RATE P.A. FOR MONTHLY OPTIONINTEREST RATE P.A. FOR YEARLY OPTIONON MATURITY UNDER CUMULATIVE SCHEME
 Non-Cumulative DepositsCumulative & Non-Cumulative Deposits₹ 20,000/- will Become
1 YEAR5.10%5.25%₹ 21,050/-
18 MONTHS5.35%5.50%₹ 21,680/-
2 YEARS5.50%5.65%₹ 22,324/-
3 YEARS5.60%5.75%₹ 23,652/-
5 YEARS5.60%5.75%₹ 26,450/-
Other Details :Monthly OptionYearly Option
Minimum Amount of Deposit₹ 2,00,000/-₹ 20,000/-
Additional Deposit in multiples of₹ 10,000/-₹ 1,000/-
Interest will be paid on Non-Cumulative Scheme1st day of the Month & on 31st March for the month of MarchOn 31st March.
Interest will be compounded--Annually on Cumulative Deposits

Senior Citizens : Additional interest @ 0.25% p.a. (for deposits of ₹ 20,000/- & above but upto ₹ 20 Crores) on all tenors.

Interest rates effective from 01/04/2020 on Public Deposits above ₹ 20 CRORES

TERMINTEREST RATE P.A. FOR MONTHLY OPTIONINTEREST RATE P.A. FOR YEARLY OPTIONON MATURITY UNDER CUMULATIVE SCHEME
 Non Cumulative DepositsCumulative & Non Cumulative Deposits200001000/- will become
1 YEAR4.50%4.60%₹ 20,92,01,046/-
18 MONTHS4.75%4.85%₹ 21,47,86,299/-
2 YEARS4.90%5.00%₹ 22,05,01,103/-
3 YEARS5.00%5.10%₹ 23,21,88,291/-
5 YEARS5.00%5.10%₹ 25,64,75,419/-

Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.


Corporate Deposit Scheme

Interest rates effective from 01/04/2021 on Corporate Deposits upto ₹ 20 CRORES*

TERMINTEREST RATE P.A. FOR YEARLY OPTIONON MATURITY UNDER CUMULATIVE SCHEME
 Cumulative & Non Cumulative Deposits₹ 20000/-will become
1 YEAR5.25%₹ 21,050/-
18 MONTHS5.50%₹ 21,680/-
2 YEARS5.65%₹ 22,324/-
3 YEARS5.75%₹ 23,652/-
5 YEARS5.75%₹ 26,450/-

*FOR RATE OF INTEREST ON DEPOSITS OF ABOVE ₹ 20 CRORES: PLEASE CONTACT OUR CORPORATE OFFICE.


Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually.

If the total Deposits received from single deposit holder/s within a period of one calendar month exceeds ₹ 20 Crores it shall be treated as single deposit and the interest rate shall be the rate applicable for deposits exceeding ₹ 20 Crores.

Источник: https://www.lichousing.com/interest_rate.php

Apply Housing Loan Online, Low EMI Starts ₹639 per lakh*

Buying a home is now easier than ever. With IDFC FIRST Bank home loan, we give you the best home loan interest rates on housing finance and a wide selection of property, so you can live your best life. Apply for home loan online with us and avail of our low EMI option and quick processing facility. Once you’ve applied, you can even track your house loan status. What’s more? We have also expanded our criteria to make them more accessible. You also get the option to effortlessly transfer a house loan if you have an existing one. So, come, live in your dream home with IDFC FIRST Bank.

Wide array of product variants to suit every requirement

Attractive Home loan interest rate as low as 6.60% for salaried customers for loan amounts above 30 Lacs

Best in market/ Higher Eligibility on the house loan amount for Salaried and Self Employed customers

Digitalized home loan process for a hassle-free customer experience leading to a faster TAT

Loan offerings varying from ₹1 lac to 5 Crores depending upon the eligibility and need of the customer

Longer home loan tenure varying from 12 months to 360 months

Exclusive BT surrogate Program from select Banks/NBFC’s to waive off the legal charges

Additional income like Reimbursements, Bonus, Rentals, etc., considered arriving at eligibility for salaried customers

Various surrogate programs to arrive at eligibility to cater to higher home loan amount requirements for Self Employed customers.

Loans for new Residential purchases, Plots + Construction, Resale, Balance Transfers, Top-ups etc.

Specialized insurance products

Integrated branch network across India for availing and servicing the house loan

Источник: https://www.idfcfirstbank.com/personal-banking/loans/home-loan

You can watch a thematic video

LIC Home Loan - Reduce ROI (Hindi Explanation)

3 Replies to “Lic mortgage loan interest rate 2019”

  1. Thank you so much for this NEEDED info. And you’re facial expressions are too cute and funny, it helped to keep me listening with a smile. ❤️

  2. City union Bank me urban city me general account me minimum Balance ketna hona chahiye account. Maintain balance

Leave a Reply

Your email address will not be published. Required fields are marked *