Finance, Forex and Investments

I would like to take a loan from LIC Housing finance limited, India. The loan is for purchase of land.?

What security to be given to LICHFL to get the loan ? I have four LIC policies is it acceptable?

Public Comments

1. loans are given based on your income.you need to find out from the representative if they are acceptable. you need to have a PAN number,a record of past three years income tax returns. http://www.lichousing.com/
2. hi dear, defiantly you may approach to LIC HFL for home loan they gives it for the purpose of land purchase too but the maximum tenure of loan well be 10 years and you may also assigned your LIC policies for that as security and LIC HFL also will take your property paper as security. good luck
3. Loan is given for purchase of land subject to construct a building thereon in stipulated period. You may get only 40% of the total eligible amount on the proposed cost of land & building. No need of LIC policy but acceptable as additional security. They grant loan on your repayment capacity based on your income proof.