Interest Rates 20185447 views
LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates. With this combination, LIC home loans have been one of the best home loans in India. If you have also been looking for a lender that can give you the funds you desire at the rate that you can afford, you should check the housing loan details below.
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Table of Contents
LIC HFL Home Loan Interest Rate 2017
| Particulars | Details |
|---|---|
| Interest Rate | 8.45% - 8.90% |
| Loan Amount | Above ₹1 lakh |
| Tenure | Up to 30 years |
| Processing Fees | Up to ₹1 Crore - ₹5,000 + GST ₹1 Crore & above - ₹10,000 + GST |
| Prepayment Charges | 0% |
LIC HFL Interest Rates for Existing Customers
At LIC Housing Finance Ltd, where the borrowers have their home loan on a floating rate of interest, the present rate of interest is reviewed quarterly based on the market conditions. The revised floating rate of interest is thus subject to change from time to time. However, the existing customers have the privilege in this case. The rate of interest for old or existing customers is reviewed every 6 months as per the terms and conditions they have agreed to at the time of loan agreement.
LIC HFL Home Loan Balance Transfer Interest Rates
If your existing lender is charging higher interest rates, with the help of BT facility you can transfer your existing home loan to LIC HFL. By doing so, you can enjoy lower interest rates which ultimately leads to pocket-friendly EMIs and Interest Outgo. For BT, the rates offered by the finance company are low which gives the customer the option to pay lower EMI.
