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INDIVIDUAL HOUSING LOAN SCHEMES |
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Loans to individuals for new house property: |
1- Loan up to
85% of property cost.
2- Loan amount starting from Rs. 1, 00,000.
3-Term up to 20 years.
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Loans to Non-Residential Indians |
1-Exclusive
scheme for NRIs
2-Loan up to 70% of property cost
3-Loan amount starting from Rs. 5, 00, 000
4-Term up to 10 years ( for professionals up to 15 years)
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Loans for repairs & renovations |
1-Loans for Repairs/
Renovation
2-Loan up to 85% of cost of repairs ( as per the Company’s
assessment)
3-Minimum Loan amount Rs. 1, 00,000
4-Term up to 20 years.
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Mortgage loan on existing house property |
1-Loan for personal /
business needs against first mortgage of self-
occupied residential
house / flat.
2-Loan amount starting from Rs. 2, 00, 000.
3-60% of the value of the property.
4-Term up to 15 years.
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Loans to Professionals for office for their
professional practice. |
1-Loans for medical
practitioners, Engineers, Chartered Accountants,
Architects in professional
practice.
2-Loans up to 90% of the property cost.
3-Loan amount starting from Rs. 10, 00, 000.
4-Term up to 10 years.
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Loan for Purchase of plots/ sites |
1-Loan advanced for
the purpose of plots/ sites from Government and
Statutory Bodies etc.
2-Loan amount ranging from Rs. 1,
00, 000 to Rs. 1, 00, 00, 000.
3-Max. term 15 years
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Loan against liquid securities acceptable to
the company |
1-Loan against Fixed
Deposit of Nationalized Banks, Life Insurance
Policies having surrender
value and Post Office instruments like National Savings
Certificates, Kissan Vikas Patra.
2-Loan up to 95% of face value of liquid security or surrender
value in case of Life Insurance
Policies. Minimum Loan Rs. 50, 000.
3-Term up to 20 years.
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Loans to Corporate Employees (CEHL) |
1-Scheme for
employees of PSU, Public Limited and selected
private Ltd. Companies.
2-Lower rate of interest if EMI payment is through Salary
deduction.
3-Upfront fee waiver up to 0.50%.
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Loan against Securitization of Rentals |
1-Loans for
personal/ Business needs against first mortgage
of property leased out to certain
2-specified category of Leesees and securitization of rentals
there from.
3-Loans starting from Rs. 10, 00, 000.
4-Term equal to unexpired lease term or 10 years, whichever is
lower.
5-Loan repayment through Rent diversion directly from Lessee or
through Escrow Mechanism.
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Griha Suraksha |
1-Scheme where the
loan is covered under group insurance of LIC of
India. In case of death,
the outstanding loan is recovered out of policy
proceeds; family of the loanee continues
enjoy ownership of the house without further liability.
2-Low premium policy where mortgage risk is covered.
3-Maximum term up to 20 years.
4-Maximum loan cover Rs. 20, 00, 000.
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Scheme for pensionable employees |
1-For government
employees eligible for pension (aged 50 years &
above)
2-Extended loan term beyond retirement up to 15 years or 65 years
of age whichever is less.
3-Reduced EMI on balance loan term |
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Griha Jestha Scheme |
1-Loan for allotees
of residential units in Care Homes projects of
LICHFL Care Homes Ltd.
2-Minimum loan: Rs. 1, 00,000/- and maximum loan: 75% of
consideration amount.
3-Term up to 20 years or subject to conditions applicable for the
schemes for pensionable
employees. |
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Other Loan Schemes |
1-Loan against
securitization f rentals to Builders/
Corporates.
2-Loan to builders and corporates for the construction of housing
projects and for the
construction or purchase of staff quarters.
3-Line of credit to builders/ Corporates.
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