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LIC Housing Finance Bumper Home Loan Offer


LIC Housing Finance Bumper Home Loan Offer



No principal repayment till possession for under construction projects

6 EMI waivers for loans on ready to move residential houses



Mumbai, 15th January 2020: LIC Housing Finance Ltd (LICHFL), one of the largest Housing Finance Companies in India has launched “2020 Home Loan Offer” today i.e. 15th January 2020. To give a major thrust to the real estate sector, LIC Housing Finance Ltd has come out with special offers in its home loan products covering purchase of House Under Construction and Ready to Move houses where OC has been received.  Under its “Pay When You Stay” scheme, the borrower gets to commence payment of principal on home loans only on possession of house or after 48 months from first disbursement, whichever is earlier.  Only interest on the disbursed amount needs to be paid during the period.  For the benefit of purchasers of ready to move house, the Company has offered to waive up to 6 EMIs during the loan tenure.  The waiver will be 2 EMIs each at the end of 5th, 10th and 15th years provided the borrower is regular in repayments and makes no pre-payment for the first 5 years.  It is a limited period offer till 29th February 2020 and disbursement has to take place before 15th of March 2020.

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