LIC Housing Finance provide home loans to their policy holders and one can also fill a fresh applications. If a policy holder wants to get a loan, kindly contact the company or your agent. Fresh applicants can directly apply for home loan.

LIC housing Finance LICHFL Details:

LIC housing Finance (LICHFL CARE HOMES LTD.), A fully owned subsidiary of LIC housing Finance Ltd. has pioneered incorporated initiative in the sector of elder care in India, by providing retirement villages with facilities of stay, food, shopping, communication, ambulance, guest houses etc. It was introduced in 1989 and its one of the largest providers of housing offices, supported by the market intermediaries of approximately 90000 agents.  Its pilot project at Bangalore  in an Eco friendly campus, a model of its kind, has become fully operational. Second project is commencing at Bhuwaneshwar soon. New projects will commence shortly in some big cities like Jaipur, Hrishikesh etc. Official

It also has representative offices in Dubai and Kuwait. It went public in 1984 and had its maiden GDR offering in 2004.  It enjoys credits rating of ‘AAA’ from CRISIL on its debt issuance and a rating of FAAA/Stable on its Fixed Deposit Program. It has granted loans to almost one million customers since inception. The loan book as on 31-03-2009 stands at Rs 27679 crore and its net worth is Rs. 2234 crore. It is consistently dividend paying company since 1990, the last one for 2008-09 being 130%.

LIC Housing FinanceLIC Housing Finance Comprehensive Range of Loans:

  • It offers a complete range of individual housing loan schemes such as loan to individuals (including NRLs) for new house property, loan for repairs and renovations, mortgage loan on existing house property, loans for own office, premises to professionals, special schemes for employees of reputed corporate houses etc., loans are available with various interest option such as floating, fixed-2 and fixed 5 years.

Apart from individual housing loan schemes, it offers loans to reputed builders / developers for residential projects and loans against securities of rental receivables.

Rohit Shinde, of Nimbus Wealth Management, was recently interviewed by ET in which he talked about the current position of Policy. Also, he had something to say on GIC Finance as well. Below is an excerpt from his interview:

Question: What is your view on this? Answer.

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