45 Lakh LIC Home Loan

Would owning your dream home be simpler? LIC Housing Finance’s ₹45 Lakh home loan is a scheme to make borrowing easy. It’s a popular option that borrowers trust to make homeownership an achievable goal with flexible repayment plans and competitive interest rates. With manageable LIC home loan EMIs for ₹45 Lakh and straightforward eligibility criteria, this is your chance to take a confident step toward homeownership. Let’s break down everything you need to know, from LIC housing loan EMIs for ₹45 Lakh to eligibility, so you’re ready to take the next step toward your new home.

45 Lakh LIC Home Loan- Highlights

Here’s what makes ₹45 Lakh LIC home loan a standout option for aspiring homeowners:

45 Lakh LIC Home Loan EMI for 5 years

For a shorter repayment period of 5 years, LIC offers manageable EMIs with minimal interest build-up:

45 Lakh LIC Home Loan EMI for 10 years

45 Lakh LIC home loan EMI for 10 years ensures balancing repayment speed with financial convenience:

45 Lakh LIC Home Loan EMI for 15 years

Here’s what your ₹45 Lakh home loan EMI with LIC looks like for a 15-year repayment plan:

45 Lakh LIC Home Loan EMI for 20 years

45 Lakh LIC home loan EMI for 20 years plan ensures manageable EMIs, balancing affordability and long-term goals:

45 Lakh LIC Home Loan EMI for 25 years 

For borrowers seeking maximum affordability, LIC’s 25-year tenure keeps the EMI for ₹45 Lakh home loan low:

45 Lakh LIC Home Loan – Fees and Charges

When applying for a ₹45 Lakh LIC home loan, understanding the associated costs is key to better financial planning. Here’s a detailed breakdown, including interest rates based on your CIBIL score:

45 Lakh LIC Home Loan – Documents Required

Having the right documents ready before can streamline your application process. Here’s a list of what 45 lakh LIC Housing Finance typically requires:

45 Lakh LIC Home Loan – Eligibility Criteria

Qualifying for a ₹45 Lakh LIC home loan eligibility is straightforward. Here’s a breakdown of the basic eligibility requirements:

• Age:

• • Minimum: 21 years at the time of application
  • Maximum: 60 years for salaried individuals and 65 years for self-employed applicants at loan maturity

• Employment Status:

• • Salaried individuals with a stable income
  • Self-employed professionals with consistent earnings
  • NRIs eligible for property purchases in India

• Income Requirement : Minimum monthly income of ₹25,000

• Credit Score : A minimum CIBIL score of 600 is generally required.

• Loan-to-Value (LTV) Ratio : Up to 90% financing for properties valued at ₹30 lakh or below, with slightly lower percentages for higher amounts.