Important Facts About LIC Housing

by

Dhrati Singh

According to one recently concluded market surveys conducted by a leading housing loan provider, it has thrown some interesting facts before the world. For instance, a lot of people looking forward to LIC housing loans do so mainly because of the cheap interest rates they carry. Similarly, there is one more dimension to such a craze for this kind of loan.

If the same survey is to be believed, LIC housing is one name that has been into the industry of providing home loans for ages. Because it has been in the scene from 1989, it gives the service provider a definitely leverage over its rival competitors. For instance, it has got a massive network of distributors spread across the country. This is the only brand that is credited for making thousands of dreams come true with its cheap loans.

That is why LIC housing finance has succeeded in building a brand name for itself. This is clearly visible from the huge number of customer base it has. It is the diverse kind of services that it provides which attract many curious customers. For example, their loans are not just a hot favourite with home loan seekers, but it also includes those whom seek loans for renovating their existing homes.

The process to avail the loans from LIC housing finance is not very tedious and complicated. Keeping customer convenience in mind, they have designed it to find customers acceptance. Approval of these loans is very simple and it just requires you to fulfil the eligibility criteria. For since, according to the present rulebooks, you are required to have an annual income which must cross the threshold limit of 1.5 lakhs. Similarly, in case you are self-employed, you need to be in the age bracket of 21 and 70. In instance you are a salaried individual, this age bracket is reduced to 25-58 years.

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