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LIC Housing Home Loan Review & Details for NRIs

Discussion in 'Home finance' started by real_buzz, Dec 18, 2012.

  1. real_buzz Moderator

    LIC Housing Home Loan Review & Details for NRIs/Non Resident Indians

    LIC Housing finance is one of the biggest home loan financer in India. it offers home loan for non resident Indians or NRIs also. Please find it’s product details.

    Leave your comment if you have any question or share it with your friends if they are looking for similar information on home loans for NRIs.

    Griha Shobha for purchase of house NRIs
    Loan Amount: Min. Rs. 5,00,000.
    Loan Term:
    Non- Professional : Maximum 10 years
    Professional : Maximum 15 years
    Repayment Mode: Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security
    1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable.
    Special Conditions: All conditions including payment of margin money as per RBI Guidelines.

    Griha Shobha for construction of house for NRIs
    Loan Amount: Min. Rs. 5,00,000.
    Loan Term:
    Non- Professional : Maximum 10 years
    Professional : Maximum 15 years
    Repayment Mode: Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security
    1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable.
    Special Conditions: All conditions including payment of margin money as per RBI Guidelines.
    Griha Shobha for repair of house for NRIs

    Loan Amount: Min. Rs. 5,00,000.
    Loan Term:
    Non- Professional : Maximum 10 years
    Professional : Maximum 15 years
    Repayment Mode:Equated Monthly Instalments(EMI) - Monthly Rest Basis
    Security:
    1. Equitable Mortgage of Residential House/Flat/Plot
    2. Demand Promissory Note.
    Upfront Fees: 1.00% of Loan Amount Sanctioned + Service Tax as applicable.
    Special Conditions: All conditions including payment of margin money as per RBI Guidelines.
  2. Surabhi Malhotra New Member

    Hello,

    LIC is best. All policies of LIC are best. LIC housing finance is also one of the biggest home loan financer in India.

    Thanks

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