LIC Housing Finance
LIC is the name trust for billions of Indian customers and its housing arm as LIC housing finance is the name of one of the largest and best home loans provider in India. It formed its housing loan finance company as LIC housing finance ltd. in 1989. It is headquartered in Mumbai and is working very aggressively in all the urban, semi urban cities along in all states of India. It has approximate 187 dedicated marketing offices in India from where it is providing the home loan funding to more than millions of customers. It is the one of lowest interest rate loan provider’s institution in India.
The low interest rates and low processing charges are key features of LIC housing finance in India. It starts the loan facility from 1 lac and no cap for max amount. It is favorite home financial company for all government salaried individual customers of India. It has over seven regional offices in pan India and three operational offices for processing the financial services. Application processing time in this company is very fast and smooth which gives the instant result on each application. They have created different channels including the sales like direct sales team, DSA channels and a big alternate call center dedicated for sales enhancement. All work equally giving their 100% efforts and team work. This is the main key for success and reason why Indian customers prefer it.
Key Features of LIC Housing Finance Program:
• Specially designed housing finance program, which give complete flexibility of application approval, Processing time and repayments of the principle part.
• It allows us to choose between fixed or floating interest rate option for all customers and uniform way of the monthly repayment facility as EMI which is taken as ECS from the borrower’s bank accounts and comes on fixed per month date.
• No hidden charges to be board to the customer only processing fees is charged to customer of 1% of the total amount.
• Prepayment offer available in the ongoing loan tenure and it helps to all customers to save his hard earned money as interest amount.
• Instant comparison tools available for comparing the lowest offers from all available programs.
• Get 100% loan disbursal on above the 75% completion of the constructed of the property.
• Special housing loan program which gives up to 90% of funding on the agreement value.