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Lic Housing Finance Case Study

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LIC Housing finance Ltd is one of the oldest and largest housing finance company in the country. LIC Housing Finance Ltd came into existence in the year 1989 under Companies Act 1956. This housing finance company was promoted by LIC of India and went public in the year 1994. Since its existence it has embarked in a consistent journey of growth and success. LIC Housing Finance is also registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) respectively. The shares of the company are traded only in Demat format. The GDR 's are listed on the Luxembourg Stock Exchange as well.

The main motive of LIC Housing Finance Ltd is to provide individual with long term as well as short term …show more content…

The minimum loan amount which can be availed is Rs. 1, 00,000. The tenure of the loan varies from self-employed professionals to salaried. The maximum term for salaried individuals is 30 years and for self-employed it is 20 …show more content…

For loan amount above Rs 20 lakhs, 80% of total cost of the property including stamp duty and registration charges for loan. For loan amount above Rs 75 lakhs, 75 % of the total cost of the property including stamp duty & registration charges.

You can repay the loan in equated monthly instalments (EMIs) and rate of interest also fluctuates. Some of the upfront fess is applicable from time to time as well.

LIC Housing Finance home loan from construction: Borrowers can also avail home loan from LIC Housing Finance Ltd for the construction of new house. Home loan for construction from LIC Housing finance includes both the cost of construction and any other expenses if required. Individuals have to pay the loan amount through EMI that is equated monthly instalments. The minimum loan amount remains the same that is Rs 1, 00,000.

Loan to property cost by LIC Housing Finance Ltd is 85 % of total cost of the property which includes stamp duty & registration charges for a loan up to Rs 20 lakhs. For home loan above Rs 20 lakhs, 80% of the overall cost of the property including stamp duty and registration charges. For home loan amount above Rs 75 lakhs, 75 % of total cost of the

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