The LIC Personal Loan interest rates are lower in comparison to regular personal loans. The current LIC Personal Loan interest rate is in the range of 9.00% -36.00% and can vary depending on the lender. You can avail loans on your insurance policy from LIC or other lenders like SBI, HDFC Bank, Axis Bank, and others at 1-2% lower rates than
Finance Company, Home Loan Providers In India,Dubai, Home Loans – With you for your dream home.Find easy Housing Loan for your needs from LIC HFL. Get lowest interest rates and fulfill the dream of owning your dream home.What is the LIC home loan interest rate at present? The housing loan offered by LIC is for Resident Indians, Non-Resident Indians, Pensioners. At present, the minimum interest rate on a home loan from LIC HFL is 8.50% per annum. Nature of Charge. Applicable charges (without GST) Processing Fee. 0.35 % of the amount borrowed up to Rs 50,000/- plus GST. Prepayment Charges. 2% on the principal repaid in the event of a fixed-rate house loan/applicants other than person. Prepayment penalties are not applicable in the event of a floated home loan. Joining industry peers, mortgage lender LIC Housing Finance joined raised home loan rate by 35 bps. The move, which comes a week after an increase by bigger rival HDFC by a similar quantum, entails that the minimum rate of interest will get revised to 8.65 per cent for the best-rated borrower.
The Loan Against LIC policy is paid out as an overdraft into your HDFC Bank account. You can draw the funds from your account any time you want. The good thing about the loan is that you are liable to pay interest only on the amount you use and for the duration you use it. For example, if you have taken a loan of Rs 2 lakh, and you draw just Rs
A CIBIL score is a 3 digit number that ranges between 300 and 900. The closer the score is to 900, the better it is. The bank checks your credit score to determine your creditworthiness whenever you apply for a home loan. If you maintain a minimum CIBIL Score of 750 and above, it is generally considered good for the loan approval.The company said, “LIC Housing Finance Ltd (LIC HFL), one of India’s largest Housing Finance companies, has revised the rate of interest for its loan products on the back of the Reserve Bank of India’s (RBI) announcement on 4th May 2022, revising the repo rate.”rGXm.