LIC Housing Finance Ltd.

LIC Housing Finance Ltd. Fixed Deposit interest rate up to 8.50% p.a.

LIC%20HFL LIC Housing Finance Ltd.

Company Profile

LIC Housing Finance Ltd. is one of the largest Housing Finance Company 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.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.850 Million (Rs.85 Crores). The Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDRs are listed on the Luxembourg Stock Exchange.

The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The Company also provides finance on existing property for business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centers / Office Space and also for purchase of equipment.

FAAA & Stable by Crisil

Who can apply / invest?

 Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, and Association of Persons.

General Terms & Conditions

1] Non-cumulative Scheme – Interest will be paid annually on 31st March.

2] Cumulative Scheme – Interest will be compounded Yearly and paid on maturity.

3] Minimum amount of deposit is Rs. 10,000/- and in multiple of Rs. 1000/-

4] For Sr. Citizens:

a) Additional interest rate of 0.10% p.a. will be paid on Deposits up to Rs. 50,000/-

b) Additional interest rate of 0.25% p.a. will be paid on Deposits of 51,000/- & above on all terms.

5] Interest payment will take place through ECS/Post Dated cheques.

6] Nomination facility available

7] Fixed Deposit Receipt(FDR) will be dispatched directly to the depositor by registered post /courier service at the address provided in the application form within 08(eight) weeks or such extended period as may be decided by Company, from the date of DD/cheque realisation.

Important Information (Instructions)

Attach Following Document Along With the Application Form:-

1] Self attested copy of PAN Card and address proof (all the applicants in case of joint application).

2] Stick Passport size photograph of sole applicant on application form.

3] Signature of all applicants on the application form.

4] At par A/c Payee Cheque / DD (payable at Pune) should be drawn in favour of “LIC Housing Finance Limited – Public Deposit A/c”

5] One cancelled cheque (for ECS).

6] Send your application form on our address.

7] The Acknowledgement copy will be sent by Email / Post.

8] Keep photocopy of application form for your record.

9] Free Home Service is available.

For Renewal of Deposit

Send us below mentioned documents along with the Original FDR

1] Stick Rs.1 Revenue stamp on the back side of fixed deposit receipt and across Signed by all depositors.

2] Signature of all applicants on the application form.

3] Self attested copy of PAN Card and address proof (all the applicants in case of joint application)

4] One cancelled cheque (for ECS).

5] Stick Passport size photograph of sole applicant on application form.

Interest Rates (%)

 

RATE OF INTEREST APPLICABLE TO RETAIL DEPOSIT UP TO RS. 5 CRORE
Term Revised ROI per annum on Deposits from General Public Revised ROI per annum on Deposits from Senior Citizens up to Rs. 50,000/- Revised ROI per annum on Deposits from Senior Citizens above Rs. 51,000/-
1 YEAR 8.25% p.a. 8.35% p.a. 8.50% p.a.
18 MONTHS 8.25% p.a. 8.35% p.a. 8.50% p.a.
2 YEAR 8.35% p.a. 8.45% p.a. 8.60% p.a.
3 YEAR 8.40% p.a. 8.50% p.a. 8.65% p.a.
5 YEAR 8.50% p.a. 8.60% p.a. 8.75% p.a.
Interest is Payable/Compoundable Annually.

 

Profits & Dividend

LIC Housing Finance Profit & Dividend

Years
Profit Before Tax Cr.
Profit After Tax Cr.
Dividend
20152101.941386.18250%
20141825.501317.19225%
20131373.571023.2190%
20121230.91914.2180%
20111294.16974.49175%

Please Take Print of The Application Form on A4 Paper Size.

LIC  Housing Finance Limited Fixed Deposit Application Form[/tab]

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