LIC Housing- Other Loans

Loan Against Property (LAP) for Individuals
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 years
Disbursement 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 :As applicable from time to time.
This scheme is applicable to Resident Indians only.

Loans to Professional( CAs/ Architects/Doctors etc)
Purpose :Purchase/ Extension/ Modification / Renovation of Commercial Premises for carrying on own Professional Practice & Purchase of Equipments.
Eligibility :
Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional.
Loan Term :10 Years.
Repayment Mode :Equated Monthly Installments (EMI) - Monthly Rest..
Security :
1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
2. Demand Promissory Note.
3. Personal Guarantee of Directors / Partners, as Applicable.
4. In case of Companies, Registration of Charges in R.O.C.
Addl. Security :Hypothecation of Equipment, if financed
Rate Of Interest :Contact us for details on the Interest rate

Loans against Securities like LIC Policies, Bank FDRs

  • Loans against Fixed Deposit of Nationalized Banks, Life Insurance Policies having surrender value and Post office instruments like National Savings Certificates, KisanVikasPatra
  • Loan up to 95% of face value of liquid security or surrender value in case of Life Insurance Policies.
  • Minimum Loan Rs.50,000/-.
  • Maximum Term up to 20 Years
  • This loan can be clubbed along with Home Loans

Loan Against Rental Securitisation

  • Under this scheme, the financial assistance is provided for companies – Listed/Unlisted against the security of Commercial property – Office premises – already owned/to be purchased with the help of the loan.
  • The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc.
  • Loan is provided for the properties which is completed in all respects.
  • Maximum Term offered :- 10 Yrs