This Scheme will be applicable to all employees of Public Sector
Undertakings, reputed Public / Private Ltd. Companies with over 50 employees
Neither Processing fee nor Pre-payment fee will be charged.
Administrative fee will be charged at the rate of 1% of loan sanctioned.
Repayment : EMI on annual rest.
Compulsory deduction of EMI through salary.
Undertaking by the borrower and the company to inform in case the borrower
leaves the employment and with a condition that in such an event LICHFL will have the
right to revise the rate of interest by 1% or rate prevailing at that time which ever is
higher and also insist for a guarantor.
Collateral security of Life Insurance policy is not a pre-condition.
This scheme shall be effective prospectively.
Rates of interest:
(i) For purposes of Construction, Purchase, Extension of House/Flat :
Loan Amt. / Term
1-5 yrs
6-10yrs
11-15 yrs
25001 - 100,00,000
10.25 %
11.25 %
11.50 %
(ii) For Repairs, Renovations, Home Improvement purposes (Griha Sudhar) :
