Who Can Apply for LIC HFL Loans

WHO CAN APPLY FOR LIC HFL LOANS?

1. Employees of Pvt. Ltd, Public Limited Companies
2. Employees Govt./Semi. Govt./All state Govt. & Central Govt. Corporations, Depts.,
3.  All three Armed Forces/Para Military Forces.
4. Only Employees Of Partnership Companies & Proprietorship Companies Cannot Apply, But if the employee is professionally qualified, then on certain conditions His/Her case can be considered for LIC HFL LOANS. 
5. Businessmen & Self Employed professionals who have at least three years of Filed Income Tax Returns, condition is that those returns must have been filed in a statutory period which does not attract any penalty for late filing.

Minimum Income Criteria for obtaining LIC HFL LOAN  is atleast Rs.20,000.00 Net monthly income, ( For cities like Pune) either from Salary Or from business; excuding variable allowances, Night shift or overtime allowances,  income from Rentals or other non core activities is not considered here. 

Allowed Combinations  OF APPLICANT & CO APPLICANT are:

1. Father/Mother + Son/Daughter, Two real brothers jointly,

2. Husband & Wife where documentary evidence of Marriage in the form of Registered Marriage certificate is necessary.

Non allowed combinations are:

1. Two partners who are not in the above combination cannot apply.

2. Couples who are yet to marry Cannot obtain HOUSING LOANS from LIC HFL.

3. Brother & Sister Not Allowed.

4. Cousins not allowed.

5. Any persons who are not legally fit to sign on legal documents are not allowed to apply.

6. A company/Firm/Organization/Trust/NGO's or for that matter any legally formed and registered body other than above ALLOWED COMBINATIONS cannot apply for  a HOUSING LOAN  from us.