Before taking Home Loan, you need to know about LIC interest rates, documents along with CIBIL score, etc.
Home Loan CIBIL Score : If you are dreaming of building your own home. So now you can easily get home loan from LIC (Home loan) you can fulfill your dream. It is not easy for a salaried person to build a house with his own savings in times of inflation. So in this case LIC (Life Insurance Corporation) can take home loan from. However, before taking a loan from any bank or institution, the terms, loan amount and CIBIL score must be known. LIC Housing Finance provides loans to the salaried and business class to buy property like house, land, shop etc.
If you are planning to take home loan to buy a house, then you need to know about LIC interest rates, documents along with CIBIL score, etc. LIC Housing Finance had revised the interest rates on home loans in September last month. Clarifying about who can get loan from LIC and how much, LIC has also issued a list of documents required for the loan.
CIBIL Score, Loan Amount and Interest Rate
For salaried and professionals, home loan up to 15 crores will be available at 8% interest rate on 800 CIBIL score. If the CIBIL score is 750 to 799, 5 crore to 15 crore loan will be available for the salaried borrower at the rate of 8.05 percent. If the CIBIL score is between 700 and 749, the interest rate will be 8.20 percent on a loan of 50 lakhs. On CIBIL score 700 to 749, the interest rate will be 8.40 percent on loans above 50 lakhs and 2 crores. On CIBIL score 700 to 749, 8.55 percent interest rate will have to be paid on loans ranging from 2 crores to 15 crores.
Documents required for home loan
PAN Card, Aadhaar Card Passport required for NRI Resident proof Salary slip and Form-16 Bank statement of 6 to 12 months ITR details of 3 years Property ownership proof Flat case allotment letter from builder or society Tax payment receipts
English News Headline : What should be the CIBIL score for taking a home loan from LIC.
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