4 Crore LIC Home Loan

A ₹4 Crore LIC Home Loan is a reliable option for achieving your housing goals. Whether you plan to purchase a premium property, construct a personalised home, or upgrade your existing space, this loan provides the support you need. With competitive interest rates starting from 8.50% p.a. and flexible repayment options, it caters to various requirements. Designed for those seeking comfort and excellence, this loan helps turn your vision of the ideal home into a reality.

₹4 Crore LIC Home Loan – Highlights

Look at the key highlights for LIC home loan interest rates for ₹4 Crore.

₹4 Crore LIC Home Loan EMI for 5 years

Here’s the breakdown of LIC housing loan EMI for ₹4 Crores:

₹4 Crore LIC Home Loan EMI for 10 Years

Have a look at the ₹4 Crores home loan EMI for 10 years from the LIC:

₹4 Crore LIC Home Loan EMI for 15 Years

LIC offers a ₹4 Crore home loan with EMI for 15 years. Here is the price breakdown:

₹4 Crore LIC Home Loan EMI for 20 Years

₹4 Crore home loan EMI for 20 years from LIC is as follows:

₹4 Crore LIC Home Loan EMI for 25 Years

Let’s have a look at an LIC home loan of ₹4 Crores EMI for 25 years:

₹4 Crore LIC Home Loan EMI for 30 Years

Let’s have a look at an LIC home loan of ₹4 Crores EMI for 30 years:

₹4 Crore LIC Home Loan – Charges

LIC Housing Finance offers a variety of home loan schemes, each with specific fees that depend on the loan type and amount. The processing fees vary according to the loan category. For the LIC Griha Suvidha Home Loan, the fees are set as follows:

• For loans up to ₹ one crore: 0.25% of the loan amount plus GST.
• For loans between ₹ one crore and ₹2 crores: ₹20,000 plus GST.
• For loans between ₹ two crores and ₹5 crores: ₹25,000 plus GST.
• For loans between ₹ five crores and ₹15 crores: ₹50,000 plus GST.

Other types of loans, such as those for pensioners, home renovation, top-up loans, or home extensions, have processing fees that range from 0% to 0.50% of the loan amount. For specific schemes like NRI loans, plot loans, and Advantage Plus loans, the fee is either 0.25% of the loan amount or determined by LIC’s terms. Some schemes also benefit from no charges for early loan closure, making them more flexible for borrowers.

₹4 Crore LIC Home Loan – Documents Required

Salaried and self-employed individuals must submit specific documents when applying for a 4 Crore LIC Home Loan. For identity proof, they can provide a PAN Card, Aadhaar Card, Voter ID, or Passport. For NRIs, a Passport is mandatory. Address proof options include an Aadhaar Card, Voter ID, or Passport.

Salaried individuals must provide their last three months’ salary slips, Form 16, and bank statements for the past six months as proof of income. On the other hand, self-employed individuals must submit their Income Tax Returns (ITR) for the last three years, along with financial statements, a profit and loss account, and a balance sheet certified by a Chartered Accountant. They must also provide their bank statements from the previous six months and proof of their business’s existence.

In addition, property documents are required, which may include proof of property ownership, a builder’s or society’s allotment letter, and the latest tax receipts. Two recent passport-size photographs must also be submitted.

4 Crore LIC Home Loan – Eligibility Criteria

LIC Housing Finance Limited provides home loans to individuals for purchasing, constructing, or renovating homes. You must be at least 21 years old to apply for a loan. For salaried individuals, the loan must be fully repaid by 60, while self-employed individuals should complete repayment by age 65. A steady income is essential for eligibility. Salaried applicants must have at least two years of work experience, whereas self-employed individuals must show a business history of at least three years. Maintaining a good credit score is also important for loan approval. The property you wish to purchase or build should also meet LIC’s legal and technical requirements. The loan amount you can receive depends on your income, age, and property value.