30 Lakh LIC Home Loan

Are you thinking about investing in your own home? LIC’s ₹30 lakh home loan can bring you closer to homeownership. LIC housing finance is a popular choice borrowers trust with its competitive interest rate and flexible repayment options. Designed with flexibility and ease, this loan option offers a range of tenures to fit your lifestyle. Whether a 10-year EMI plan or 25 years, LIC’s budget-friendly plans and smooth application process with Urban Money make owning a home simpler and within reach. Discover how LIC’s 30 Lakh home loan EMI could be your best step toward a place to call your own.

₹30 Lakh Home Loan LIC – Highlights

Here’s a quick look at the primary features of LIC’s ₹30 lakh home loan, designed to cater to diverse borrower needs.

30 Lakh LIC Home Loan EMI for 5 years

The 50-year tenure offers manageable monthly EMIs; see the specifics here to understand long-term costs.

30 Lakh LIC Home Loan EMI for 10 years

Explore the 30 Lakh LIC home loan EMI for 10 years, balancing affordability with a mid-range repayment period.

30 Lakh LIC Home Loan EMI for 15 years

This table provides the monthly EMI and payment details for a 15-year tenure.

30 Lakh LIC Home Loan EMI for 20 years

Below mentioned is the ₹30 lakh home loan EMI for 20 years from LIC:

30 Lakh LIC Home Loan EMI for 25 years

A 25-year loan term allows for the lowest monthly payments. Review the breakdown below to see the long-term interest and total costs.

30 Lakh LIC Home Loan – Fees and Charges

For a 30 Lakh LIC home loan, LIC charges a processing fee of 0.25%, with a minimum of ₹5,000 and a maximum of ₹50,000 plus GST to cover administrative costs. No foreclosure charges apply if prepayment is done using personal funds. However, late EMI payments may attract a penalty per LIC’s policy, and legal charges for property verification and documentation fees may also apply. Additional fees may be levied based on specific borrower needs, including loan cancellation or registration charges.

30 Lakh LIC Home Loan – Documents Required

To apply for a ₹30 lakh home loan with LIC Housing Finance, you’ll need to provide the following documents:

• • Identity Proof: PAN card, Aadhaar card, passport, or voter ID.
  • Address Proof: Utility bills, rental agreement, or passport.

• Income Proof:

• • Salaried Individuals: Recent salary slips, Form 16, and bank statements for the last 6-12 months.
  • Self-Employed Individuals: Income tax returns for the last three years and financial statements certified by a Chartered Accountant.
• Property Documents: Sale agreement, title deed, and other related documents.

30 Lakh LIC home loan – Eligibility Criteria 

To qualify for a ₹30 Lakh home loan eligibility from LIC Housing Finance, applicants must meet the following criteria: