Quick Answer: What Is The Current Home Loan Interest Rate In LIC?

What is the interest rate in LIC?

Latest LIC Housing Finance FD interest rate for senior citizens, on the other hand ranges between 5.75% to 5.85%….LIC FD Rates 2020.TenureFD interest ratesSenior Citizen FD interest rates18 months5.50%5.75%1 year5.50%5.75%2 years5.50%5.75%3 years5.60%5.85%1 more row•Oct 8, 2020.

Which bank home loan is best?

Best Banks Which Offers Home Loans in IndiaS.NoBank NameMarket Percentage1SBI Home Loan34.00%2HDFC Ltd24.13%3LIC Housing05.83%4ICICI Bank13.10%4 more rows

Which home loan is best LIC or HDFC?

HDFC ltd has a dedicated branch network in almost top 100 cities where they disburse home loans….Uco Bank Aadhaar Link Procedure – SMS, Internet Banking, ATM.BanksInterest RatesHDFC Ltd Home Loan6.95% – 7.50%ICICI Bank Home Loan6.95% – 8.05%LIC Housing Home Loan6.90% – 7.30%DHFL Home Loan9.75%5 more rows•Nov 27, 2013

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

What is the processing fee for home loan in LIC?

LIC Home Loan Processing Fees & ChargesNature of Fees or ChargeApplicable ChargesProcessing fee (payable once at the time of loan application)For loans up to Rs. 50 lakh: Up to Rs. 10,000 For loans above Rs. 50 lakh & up to Rs. 3 crore: Up to Rs. 15, 00010 more rows•Oct 13, 2020

Which bank has the lowest interest rate for housing loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMinimum Interest Rate (%)**ICICI Bank6.957.05Indian Bank6.807.05Kotak Mahindra Bank7.407.05Indian Overseas Bank6.857.056 more rows•4 days ago

Is LIC better than FD?

Comparing between FD and Life Insurance Plan Thinking of short and long term investments, FDs are better. Life insurance plan are suitable only as long term investment options. The minimum period of investment in a life insurance plan is about 10 years. The minimum amount that you can deposit in a FD plan is Rs.

Which govt bank is best for fixed deposit?

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs. 2 croreName of BankFor General Citizens (p.a)For Senior Citizens (p.a)ICICI Bank2.50% to 5.50%3.00% to 6.30%HDFC Bank2.50% to 5.50%3.00% to 6.25%Punjab National Bank3.00% to 5.25%3.75% to 6.00%Canara Bank3.00% to 5.35%3.00% to 5.85%6 more rows

Which is better SBI or HDFC?

HDFC Bank has always been one of the most premium valued banks in India. The stock trades as high as three to four times the book value. SBI, on the other hand, has had a value range of one or two-time book value at best….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Can LIC give loan?

How much loan amount can I get on LIC policy? The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy.

Which is better SBI or LIC Home Loan?

LIC housing finance trust come from Life Insurance Corporation of India where as State Bank is regarded the best bank for its loan schemes….How to earn maximum rewards out of your debit cards.BanksInterest RatesSBI Home Loan6.95% – 7.45%HDFC Ltd Home Loan6.95% – 7.50%ICICI Bank Home Loan6.95% – 8.05%6 more rows

Which home loan is best SBI or HDFC?

In any case, SBI is home loan low-interest bank. The lowest interest rate of SBI is lower than that of HDFC bank. SBI offers cheaper loan options….Which is a better bank for Home Loan – SBI or HDFC?CategorySBIHDFCAmount of LoanRs.5 L – Rs.10 CrUp to Rs 10 CrInterest Rate (Annual)6.95% – 7.50%6.95% – 8%1 more row•Aug 31, 2020

Will home loan interest rates go down in 2020 India?

The Reserve Bank of India (RBI) has kept the repo rate constant in its August 2020 monetary policy. … ASLF of Rs 5000 crore to the National Housing Bank will provide much required cushioning for the housing finance companies to lower the home interest rates.

Is it good to transfer home loan from HDFC to SBI?

“Then a colleague told me about a limited time offer by SBI (State Bank of India) for loan balance transfer. SBI was offering 9.55% per annum on the balance transferred. … When he was transferring this loan, Tiwari also got a counter offer from HDFC, to make the interest rate 9.6% per annum.

Is LIC good for home loan?

LIC Housing Finance offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 662 for 30 Years. Average customer ratings for LIC Housing Finance is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

Which type of loan is cheapest?

Best for lower interest rates Secured personal loans often come with lower interest rates than unsecured personal loans. That’s because the lender may consider a secured loan to be less risky — there’s an asset backing up your loan.