Lic housing finance is a sister concern of LIC of India. It give u chance to purchase house, yes ur own house. It provide loans for every person of indian citizen.
There r two types of loan
Construction of house &
Purchase plot and construction house.
If u want to construct house then required documents is
- All origional paper of property of housing board or nagar nigum.
2.NAMANTRAN and title clear
3 years ITR/ form 16
Kyc documents like pan card adhar card DL light bill or relevent doc.
If we purchase plot and then construct then agreement and advance or token money given to seller.
Its gives u max 18 months holiday or moritorium period for start emi.
The time period is max 30 years or 68 years age which is earlier
It gives u on base rate 8.6% write now on dtd 10/06/2017.
Staff attitude is really good. They make u understand all rules in local language.
Charge made bh lic is stamp charge, mortgage charge, and some processing fee.
So this is easiest mathod and trustful finencial institute to take housing loan. If u dont have house and want to purchase then go to lic housinv finance for till 80% loan of purchasing or construction cost.