LIC Home Loan News: Buying a house is everyone’s dream. It is the desire of every person that he can buy a house with his earnings, but it is not possible due to less income and more expenses. If we have to buy a property, then we have to take a home loan from somewhere. In such a situation, if you are planning to buy a house, then LIC has brought an opportunity for you. LIC Housing Finance Limited has announced to provide home loans at affordable interest rates. If you take a home loan from LIC, then you will have to pay a minimum interest rate of 6.66%.
LIC HFL in July offered 6.66 percent interest rate for home loans up to Rs 50 lakh. The company is offering home loan facility to those with low CIBIL score at different rates. If you take a home loan jointly with someone, then only the one whose CIBIL score is higher will be considered. However, after the increase in interest rates by the Reserve Bank, the company has also changed its rates. On Wednesday, the Reserve Bank (RBI) is going to increase the interest once again, after which the loan rates will also have to change.
who can take loan
According to LIC HFL, all those people who are associated with any profession and their CIBIL score is 700 or more, they all have the facility of loan. This loan is for a limited time, which is valid only from 22 September to 30 November 2021.
If you are applying for home loan from LIC HFL then you will get loan up to 90 percent of the total assets. If you apply for a loan of 30 to 75 lakh rupees, then you will get a loan of up to 80 percent of your property. If you take more than 75 lakhs then you will get 75 percent of the property value.
read this also
Business Idea Organic Manure: Know which fertilizer business will get strong returns, will become a millionaire in no time!
Stock Market in May: For the 8th consecutive month in May too, FPI sold heavily, sold shares worth Rs 40,000 crore