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About LIC Housing Finance Ltd.
LIC Housing Finance Ltd. is one of the largest Housing Finance companies in India. Incorporated on 19th June 1989 under the Companies Act, 1956, the company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1000 Million (Rs.100 Crores) and its paid up Capital is Rs.850 Millions (Rs.85 Crores). The Company is recognized by National Housing Bank and listed in the NSE & BSE and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.
The Company possesses one of the industry's most extensive marketing network in India : 6 regional offices and 108 area offices covering 450, an offshore office in Dubai, Kuwait and Registered and Corporate Office at Mumbai. It has a team of 980 dedicated employees. In addition the company has appointed over 944 (DSAs), 4324 (HLAs), 359 (CRAs) to extend its marketing reach. 16 Back Offices spread across the country conduct the credit appraisal and administrative functions.
The Company has set up a Representative Office in Dubai to cater to the Non-Resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.
Today the Company has a proud group of over 9,00,000 prudent house owners who have enjoyed the Company's financial assistance. The Company has so far disbursed Rs.290 Billion (Rs.25000 Crores). The Company also lends to Corporate Bodies and Companies under different schemes for purchase / construction of office premises for their own use, construction of staff quarters and also for onward lending to meet the requirements of employees, and also to Builders and Developers for residential and commercial projects.
In 2005-06, for the fifth year in a row, the Company received the 'AAA' credit rating from CRISIL, indicating the highest level of safety. The Company has been growing steadily since inception both in terms of business & profits.
The Company has floated a 100% susidiary "LICHFL CARE HOMES LIMITED"to conduct the business of providing 'Assisted Living Community Centres' for Senior citizens. |
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| Checklist for local Applicants |
1. Application form duly filled in
2. Last 3 months Pay Slips & Latest CTC
3. Form 16 & ITR
4. Residence Proof
5. ID Proof
6. 6 months Bank Statement
7. Qualification Certificate
8. Offer Letter / Relieving Letter { If Any }
9. 2 passport size photos
10. Processing Fees Cheque
11. Agreement of Sale
12. If Applicant is Self Employed
- Last 3 Years IT Returns with Saral Forms and Computation of Income Statement,
Balance Sheet and P & L A/C statements Signed by C.A. |
- Simple Processing systems, Easy Approvals, Transparency with no Hidden Costs & No Gimmicks.
Low Interest Rate, the most Favorable Cost Benefit ratio for Customers |
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| Checklist for NRI Applicants |
| 1). NRI Housing loan Checklist. |
1. Application Form duly Filled and Signed with Two latest Color Photos.
2. Last 8 Months Bank Statements.
(i). Local (India) NRE or NRO Bank Account statement, where money is transferred from abroad.
(ii). Applicant's regular Salary credited account or Bank account to which the Salary cheques are deposited.
(Net banking statement or Banker statement for last 8 months)
(As per pay slips the salaries should be match with bank credits)
3. Residential Proof in Abroad: For example:- Mobile Bill or Power bill in applicant's name.
4. Employer's Appointment / Offer/ Contract letter & with Salary Breakup.
5. Salary drawn in the Company Letter head along with Date of Joining and Date of Birth.
Duly Notarized By Public Notary.
6. Last 6 Months Pay slips.
Duly Notarized by Public Notary.
7. Passport & Valid Visa Copies.
Duly Notarized By Public Notary.
8. G.P.A. with signatures on all pages & one photo with signature in LICHFL Format.
Duly notarized by Public Notary from Abroad.
9. G.P.A. with signatures on all pages & one photo with signature in LICHFL Format.
Without Notarizing it (as the same will be notarized in India).
10. Two N.R.I. Under taking forms in LICHFL Format duly signed.
11. N.R.I Annexure in LICHFL Format duly signed.
12. Last 3 years W2 Forms, Income Tax Returns in Abroad.
13. Educational certificates duly signed . |
| Note : |
(i) Property Documents – Copies, Sale Agreement, Work order, Estimates, Link Documents for last 15
years, Sale deed, E.C., Approved Plan, Latest House Tax Paid Receipts, etc., will be collected from
the Builder.
(ii) No. 5, 6, 7, 8 should be duly notarized by Public Notary or Attested from Indian Embassy
(iii) All the documents sent for the loan processing should be duly signed (or attested) on all the pages. |
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| 2). Griha Shoba Application form (for NRI Applicants only) pdf file |
| 3). General Power of Attorney |
| 4). Employer Certificate format |
| 5). NRI Undertaking letter 1 |
| 6). NRI Undertaking letter 2 |
| 7). NRI Annexure pdf file |
| 8). JPG file ECS form for your loan repayment purpose |
For NRI loans, the applicant should pay their loan installments through NRE / NRO Bank account only.
If the applicant is not holding any NRE / NRO bank account, they should open the NRE/NRO account
as soon as possible with any Bank in India.
This is mandatory for NRI clients. |
- The applicant have to Sign (ECS form) and get the acceptance from the banker, for deducting the loan installment (EMI) from the NRE, NRO bank account in India. The applicant should also submit 8 standby cheques duly signed and crossed in favor of LIC Housing finance Ltd, without mentioning the date & amount. In case of any technical problem with the ECS forms,
these cheques may be used as standby with your permission.
- The banker will verify your signature and attest (with sign and seal) the ECS form.
- If the applicant likes to pay the loan installment through cheques, they can provide with 24 cheques duly signed.
(NRE, NRO bank account only)
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| 9). JPG file Registration Form (GPA) (For Registration Purpose of your Property) |
Please sign at the bottom of the page (Signature of Buyer, with black color only) and put the left
thumb impression within the rounded box (with black color only), along with the latest color photo. |
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