75 Lakh LIC Home Loan

Are you dreaming of owning a home? Your dream can become a reality with an LIC home loan of ₹75 lakh. This loan offers ample funds to purchase your dream house, build a new home, or renovate your space. It provides home loans with flexible EMI options and a maximum tenure of up to 30 years for salaried individuals. Foreclosure charges are nil for loans with floating interest rates, making early repayment stress-free.

₹75 Lakh LIC Home Loan – Highlights

Look at the key highlights for LIC home loan interest rates for ₹75 Lakh.

₹75 Lakh LIC Home Loan EMI for 5 years

Here’s the breakdown of LIC housing loan EMI for ₹75 Lakhs:

₹75 Lakh LIC Home Loan EMI for 10 Years

Have a look at the ₹75 Lakhs home loan EMI for 10 years from the LIC:

₹75 Lakh LIC Home Loan EMI for 15 Years

LIC offers a ₹75 Lakh home loan with EMI for 15 years. Here is the price breakdown:

₹75 Lakh LIC Home Loan EMI for 20 Years

₹75 Lakh home loan EMI for 20 years from LIC is as follows:

₹75 Lakh LIC Home Loan EMI for 25 Years

Let’s have a look at LIC home loan of ₹75 Lakhs EMI for 25 years:

₹75 Lakh LIC Home Loan EMI for 30 Years

Let’s have a look at LIC home loan of ₹75 Lakhs EMI for 30 years:

₹75 Lakh LIC Home Loan – Fees and Charges

LIC Housing Finance offers different home loan schemes with specific fees depending on the loan type and amount. Processing fees vary based on the loan category. For the LIC Griha Suvidha Home Loan, the cost is 0.25% of the loan amount plus GST for loans up to ₹1 crore, ₹20,000 plus GST for ₹1-2 crores, ₹25,000 plus GST for ₹2-5 crores, and ₹50,000 plus GST for ₹5-15 crores. Other loans, like those for pensioners, home renovation, top-ups, and extensions, have fees ranging from 0% to 0.50% of the loan amount. The cost for NRI, plot, and Advantage Plus loans is 0.25% of the loan amount or as per LIC’s terms. Some schemes have no charges for early loan closure.

₹75 Lakh LIC Home Loan – Documents Required

Salaried and self-employed individuals must provide specific documents when applying for financial services. For identity proof, they can submit a PAN Card, Aadhaar Card, Voter ID, or Passport (mandatory for NRIs). Address proof includes an Aadhaar Card, Voter ID, or Passport. Address proof can include an Aadhaar Card, Voter ID, or Passport. Salaried individuals must share their last three months’ salary slips, Form 16, and the previous six months’ bank statements as income proof.

Self-employed individuals need the last three years’ Income Tax Returns (ITR) with financials, a profit and loss account, a balance sheet certified by a Chartered Accountant, the previous six months’ bank statements, and proof of business existence. Property documents like ownership proof, builder or society allotment letters, and up-to-date tax receipts are needed. Two recent passport-size photographs are also required.

75 Lakh LIC Home Loan – Eligibility Criteria

LIC Housing Finance Limited offers home loans to individuals for buying, building, or renovating homes. To apply, you must be at least 21 years old, and the loan should be repaid by 60 if you are salaried or 65 if you are self-employed. A stable income is necessary, with salaried applicants needing at least two years of work experience, while self-employed people should have a business track record of three years. A good credit score is important. The property you plan to buy or build must meet LIC’s legal and technical standards. The loan amount depends on your income, age, and the property’s value.