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      • LIC HFL loan for purchasing a residential plot for construction within 3 years. Maximum repayment tenure is up to 15 years. Maximum Loan to Value (LTV) ratio is up to 75% of the value. LIC Plot Loan can be applied online. Get fast sanction and low EMI plan.
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  2. Purpose. Loans are granted under Composite loan scheme only if the Applicant is intending to complete the construction within 3 years from the date of plot purchase.

    • Home Loans

      Home loans or housing loans are available for purchase of...

    • Lic Plot Loan Interest Rates
    • Quick Features of Lic Plot Loan
    • FAQs on Lic Plot Loan

    LIC plot loan interest rates are linked to the applicant's employment type, credit score, and quantum of loan applied for. The interest rates for LIC plot loan for the year 2023 are as given below: For Salaried and Professional Individuals For Non-Salaried and Non-Professional Individuals: Credit Score Below Zero: Check : LICHFL Interest Rate

    Some of the features of LIC Plot loan are listed below: 1. Interest rate is low 2. Documentation process is simple 3. Loan is sanctioned quickly 4. Low EMIs 5. Facility of Balance Transfer or Takeover of existing home loans available 6. Facility of online sanction of plot loan available

    Where can I apply for the LIC plot loan? You can apply for the LIC plot loan either online on the official website of the company or by visiting the nearest branch office.
    Can I use the LIC plot loan for balance transfer or takeover of other loans? Yes, you can use the LIC plot loan for balance transfer or takeover of other home loans.
    What is the type of interest rate offered by LIC HFL? The interest rate is floating rate based on the prevailing market conditions and is reviewed every three months in January, April, and July. Th...
  3. Finance Company, Home Loan Providers In India, Dubai, Home Loans – With you for your dream home. Find easy Housing Loan for your needs from LIC HFL.

  4. Feb 6, 2024 · Plot loans are for purchasing or constructing on vacant lands, whereas home loans are for buying or building residential properties. Tax benefits. Home loans offer tax benefits, which are not available with plot loans unless construction is undertaken on the plot.

  5. What is LIC HFL Plot Purchase Loan? The LIC HFL Plot Purchase Loan is a specialized loan product offered by LIC Housing Finance Limited (LIC HFL) to individuals who wish to buy a residential plot of land. Whether you're planning to build your dream home or invest in land, this loan provides the necessary financial support to fulfill your ...

  6. LIC Housing Finance Limited Land Loans. When you want to build your own house instead of moving into an apartment, you will first have to purchase a plot if you do not have one. If buying the plot requires a huge amount of money, a land loan could be smart option to fund your need. What Is a Land Loan?

  7. www.lichousing.com › housing-loanHome Loans - LIC HFL

    Home loans or housing loans are available for purchase of underconstruction or ready to move homes. Housing loans can also be availed for construction of own house. The following are eligible for Home Loan from LIC Housing Finance Ltd: 1. All Salaried employees working in Private or Government/Public Organizations. 2. Self-employed individuals.