LIC Housing Finance Home Loan for Bank Employees

LIC Housing Finance offers home loans, especially for bank employees, making it easier to own a dream home. The LIC Housing Finance home loan for bank employees' interest rate starts from 8.50%, ensuring affordability. The application process is streamlined with simple documentation and quick online sanctioning.

Key features include a maximum loan tenure of 30 years and no pre-payment penalties, providing repayment flexibility. Loans can be used for purchasing, constructing, or renovating a home or transferring an existing home loan from another lender. For loans up to Rs. 30 lakh, the loan amount can cover up to 90% of the property value, ensuring substantial support.

Essential documents include KYC, proof of residence, income proofs like salary slips or tax returns, and property documents. LIC Housing Finance home loan for bank employees aims to make the home-buying process smooth and accessible.

LIC Housing Finance Home Loan for Bank Employees – Highlights

Following are the highlights of LIC Housing Finance Home Loan for bank employees:

LIC Housing Finance  Home Loan for Bank Employees – Fees and Charges

Be aware that in addition to the interest rates on LIC Housing Finance home loans for bank employees, additional fees and charges are needed, such as:

LIC Housing Finance Home Loan for Bank Employees – Documents Required

The documents required for LIC Housing Finance home loan for bank employees are as follows:

• KYC Documents: PAN Card, Aadhaar Card (passport required for NRIs).
• Proof of ResidenceIncome Documents:

• • • Salary slips and Form No.16 for salaried employees.
    • Bank statements from the last 6-12 months.
    • Income tax returns for the last 3 years and financials for self-employed individuals or professionals.

• Property Documents (if the property is identified):

• • Proof of ownership.
  • Allotment letter from builder/society (for flats).
  • Up-to-date tax paid receipt.

LIC Housing Finance Home Loan for Bank Employees – Eligibility Criteria

The following pointers are applicable for the LIC Housing Finance home loan for bank employees’ eligibility.

• A salaried employee must be between 21 and 50 years old to apply for a home loan.
• The income requirement is at least Rs 25,000 per month or Rs 3,00,000 annually.
• A minimum of two years of work experience is required.
• A credit score of over 600 is essential.