List of Documents Required

FOR SALARISED PERSONS
1. Last 3 Months Salary Slip .
2. Form No. - 16 income Tax .
3. Bank Statement - Last 6 Months .
4. Identity Card / Pan Card /Voter I.D. Card .
5. Ration Card / Electricity Bill .
6. 2- Passport size photo .

FOR BUSINESS / SELF EMPLOYED PERSONS
1. Last 3 Yrs I.T. Return, Profit & Loss A/c & Balance Sheet .
2. Form no 16 - Income Tax.
3. Bank Statement - Last 6 Months .
4. Identity Card / Pan Card /Voter I.D. Card .
5. Ration Card / Electricity Bill .
6. 2- Passport size photo .

For More details call on 9892623601 or 28949070 or mail to vivekbhatnagar555@hotmail.com

ALSO VISIT http://aachalicpolicy.blogspot.com/ FOR RIGHT INSURANCE POLICY AND GET YOUR LOANS INSURED .

The Interest Rate

For Fixed -- 12.5 % for 5 yrs and 11.25 for 2 Yrs
For Floating -- 10.5 %

For More details call on 9892623601 or 28949070 or mail to vivekbhatnagar555@hotmail.com

ALSO VISIT http://aachalicpolicy.blogspot.com/ FOR RIGHT INSURANCE POLICY AND GET YOUR LOANS INSURED .

Stages Involved From Application To Disbursement

1. Submission of application with supporting documents.
2. After scrutiny of application personal interview by a company official.
3. If loan application is accepted the processing fees(non-refundable) payable is 0.5% of the amount applied for subject to a maximum of Rs. 5,000/-.
4. Issue of Loan offer Letter by the Company
5. On receiving Loan Offer Letter pay the administrative fees(non-refundable) @ 1% of Loan sanctioned subject to certain minimum amount as mentioned in the LOL and submit requirements, if any.
6. Title clearance through our panel advocate.
7. Disbursement will be made after the applicant has invested his/her share.(Total cost less the amount of loan sanctioned).
8. Letter to Panel Valuer of inspection of property.
9. If the valuer's report is O.K., collect documents for stamping.
10. Submit stamped documents along with original Policy Bonds duly assigned and get date for disbursement.
11. Execution of documents and disbursement.
Notes:
(i) Since the validity of a stamped document for its execution is 6 months, the documents should be stamped only after approval of the valuer's report.
(ii) Stamping of documents such as Memorandum of Deposit of Title Deeds, Deeds of Guarantee etc. are as per the local law.
For More details call on 9892623601 or 28949070 or mail to vivekbhatnagar555@hotmail.com

ALSO VISIT http://aachalicpolicy.blogspot.com/ FOR RIGHT INSURANCE POLICY AND GET YOUR LOANS INSURED .

Tax Benefits

Exemption under sec 80C of IT Act for repayment of principal upto Rs.100000/-.Deduction under Sec 24 of IT Act for interest payment on housing loans upto Rs. 1,50,000/- (in respect of self-occupied house property acquired or constructed with capital borrowed on or after 1.4.99.To
know the Tax Savings on availing Housing Loan call on 9892623601 or 28949070 or mail to vivekbhatnagar555@otmail.com

ALSO VISIT http://aachalicpolicy.blogspot.com/ FOR RIGHT INSURANCE POLICY AND GET YOUR LOANS INSURED .

Why LIC Housing Finance

Here's why a loan from LIC Housing Finance Ltd. means a complete peace of mind.
Lowest Interest Rates
Easy application , quick approvals.
Insurance - linked security.
Largest Network.
No Hidden Costs.
A financially strong and stable company we have already sanctioned loans to over 5 lakh applicants. With a network of more than 100 offices in the country we are always accessible to you , wherever you may be .
Call on 9892623601 , 28949070 for more details or mail to vivekbhatnagar555@hotmail.com .

Reverse Mortgage for senior citizens

Mumbai, February 28, 2008: LIC Housing Finance Ltd (LICHFL), a leading player in the Indian housing finance sector, rolls out reverse mortgage loans for senior citizens above 60 years of age. The loan will be given on single or on joint basis with the spouse, if the spouse is over 60 years.

The reverse mortgage loan will be offered at a fixed interest rate subject to reset every 5 years. Under the reverse mortgage scheme, senior citizens can avail the loan either on a monthly payment or a lump sum payment or a combination of both. The property evaluated for the loan should have at least 20 years of residual life.

The maximum loan balance shall be restricted to 90% of the value of the property and the loan balance will include interest till maturity. The amount of the loan will take into consideration the property value, age of the borrower, rate of interest etc.

The loan will become due and payable only when the last surviving borrower dies or opts to sell the home or permanently moves out of the home to an institution or to relatives.

Speaking on the occasion of the launch of reverse mortgage, LIC Housing Finance Director & Chief Executive, Mr. S.K.Mitter said “Reverse Mortgages are loans that allow Senior Homeowners convert home equity into cash without leaving their homes and without making monthly mortgage payments.”

Call on 9892623601 , 28949070 for more details or mail to vivekbhatnagar555@hotmail.com