LIC Housing Finance Limited (LIC HFL) has given a big gift to home buyers. LIC Housing will give 6 EMIs free to people in their home loans. That is, you will not have to pay installments for 6 months. The interest rate on home loan is 6.90 percent. LIC Housing will offer home loans for a maximum period of 30 years. LIC Housing is taking a very low processing fee on this loan.
This is the lowest ever interest rate on a home loan. Home loan will be provided at this rate to customers whose CIBIL score is 700 or more. For customers with a score of 700 or more in CIBIL, the rate of interest on home loans up to Rs 50 lakh will start from 6.90 percent.
LIC Housing 6 EMI is sorry. This will be available on purchase of ready made house in which OC has been acquired. In this offer, 2 EMIs will be forgiven at the end of 5th year. Like this, the 10th year of two and the remaining two EMIs will be forgiven in the 15th year of the loan term. For this, the lender must have a default free track record.
LIC Housing is taking a very low processing fee on this loan. This processing fee is 0.25 per cent of the housing loan for up to Rs 1 crore. But it will not be more than 10,000 rupees.
At the same time, the processing fee for a home loan ranging from Rs 1 crore to Rs 5 crore will be 0.25 percent, but it can be up to Rs 25,000. GST will have to be paid separately on this processing fee. News 18
