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Buy Commercial Property loan by Lic housing finance Ltd lucknow UP

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Category : Other Services
Item Id : 60368
Published date : 25/09/2019
Modified date : 25/09/2019
Viewed : 13 x
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Lucknow , Uttar Pradesh , India


व्यापारी भाईयों के लिए खुशखबरी दुकान एवं शोरुम खरीदने का सुनहरा अवसर एल0 आई0 सी0 हाउसिंग फाइनेंस द्वारा प्रदान किया जा रहा हैं।
Introduction of new product-

Loan for Purchase of Commercial Property.
We are pleased to inform you that the competent Authority has approved new product for loan for purchase of Commercial Property. Salient features of the scheme are as follows:
3) Name of the product:- Loan for purchase of Commercial Property
4) Purpose of Loan:
a) Purchase of commercial properties

b) Extension of commercial properties

c) Takeover of loan from other financial institutions only if original loan is for purchase. No Top Up facility
3) Eligible Applicant/s: Resident Indian Individuals:
• Salaried
• Self Employed
Non Individuals:
• Firm (Proprietor/ Partnership/LLP)
• Companies (Pvt. Limited/ Closely held Public Limited)
The Applicants combination will be as per scheme parameters covered under Griha Vikas.
(4) Property Types: Shops/ Showrooms, Office Premises, Banquet Halls
And Warehouse where properties are ready to move and Occupation Certificate / Completion is obtained from Statutory Authorities.
(5) Quantum of Loan: Minimum loan –Rs. 50 Lakhs
(6) Rate of Interest: Linked to LHPLRNH – Current LHPLRNH – 14.80%


Particulars Rate of interest(Floating)
Customers having CIBIL score 700 and above 10.50%
Customers having CIBIL score 600 and more but less than 700 11.00%

(In case of Company, promoter directors/s having highest score will be considered)
7-Processing Fees : 1% of loan applied + applicable taxes
8-Loan to value : 75% of agreement / sale deed value
9-IIR/MLSC : Maximum up to 90% (no discretion)
10-Repayment Team : Maximum 10 years
(Age restrictions as per Credit Appraisal SOP)
In case on Non Individual Applicants:
Personal Guarantee of all Promoter Directors/ All Partners to be obtained
Registration of change in ROC (for company/ LLP)
11- Other Conditions:
• All Applicants must be Co-owners except in case of Spouse of Applicant. No income of any Applicant, who is not a Co-owner, should be added for Calculation.
• Income of Spouse of an Applicant can be considered for IIR (MLSC) Calculations even though Spouse is not Co- owner
• Joint Applications from Father / Mother with Son (s) may also be considered for calculations.
• Area office to monitor loans on quarterly basis and submit monitoring report as per attached format to Regional Office.

Contact us:-

LIC HOUSING FINANCE LTD
North Central Regional office, 1st floor, Jeevan Bhawan-I 43 MG marg Hazratganj Lucknow-226001
Website: http://www.lichousing.com
Email- [email protected]
Phone no: 0522-4322388
Mobile no: 07376065422, 07652090244

VIKAS KUMAR
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    Location

    North Central Regional Office, 1st Floor, Jeevan Bhawan-I 43 MG Marg Hazratganj Lucknow-226001, Hazratganj, Lucknow, Uttar Pradesh, India

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