LIC Housing

Loan against Property (LAP)-for Individuals

Purpose:Loan against Mortgage of Residential House / Flat.

  • Children´s Education / Marriage
  • Purchase of another Property.
  • Business Expansion.

Loan Amount:Min Rs.2,00,000/-

Loan Term:Maximum 15 years


Loan against Securities such as LIC Policies etc. – for Individuals

  • Loans against Fixed Deposit of Nationalized Banks, Life Insurance Policies having surrender value and Post office instruments like National Savings Certificates, KisanVikasPatra
  • Loan up to 95% of face value of liquid security or surrender value in case of Life Insurance Policies.
  • Minimum Loan Rs.50,000/-.
  • Maximum Term up to 20 Years
  • This loan can be clubbed along with Home Loans

Loans to Professionals for office for their Professional Practice

  • Purpose:Purchase/ Extension/ Modification / Renovation of Commercial Premises for carrying on own Professional Practice & Purchase of Equipments.
  • Eligibility:Resident Indian Professionals. Loans can also be Sanctioned to Company or Partnership firm of such Professional.
  • Loan Term:10 Years.
  • Repayment ModeEquated Monthly Installments (EMI) - Monthly Rest.
  • Security
    1. Equitable/ Registered Mortgage of the Premise for which the Loan is raised.
    2. Demand Promissory Note.
    3. Personal Guarantee of Directors / Partners, as Applicable.
    4. In case of Companies, Registration of Charges in R.O.C.
  • Addl. Security:Hypothecation of Equipment, if financed
  • Rate Of Interest:Contact nearest Area Office for details on the Interest rate

Loan against the Property (LAP – Non retail Loan)

  • Under this scheme, the financial assistance is provided for companies-Listed/Unlisted against the security of Commercial property – Office premises - already owned/to be purchased with the help of the loan
  • The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc.
  • Loan is provided for the properties which is completed in all respects.
  • Maximum Term offered :- 10 Yrs

Loan against Rental Securitization

  • Under this scheme, the financial assistance is provided for companies – Listed/Unlisted against the security of Commercial property – Office premises – already owned/to be purchased with the help of the loan.
  • The loan amount may be utilized for repayment of existing loans (including takeover)/ Purchase of fixed assets etc
  • Loan is provided for the properties which is completed in all respects.
  • Maximum Term offered :- 10 Yrs