Archive for Constructions And Maintenance

Lic Housing Finance Limited

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LIC Housing Finance Limited

by

zahid iqbal

LIC housing finance was started as a fully owned subsidiary of lic or life insurance corporation of india. the company was established with a motive to promote housing through the issue of long term finances to individuals so that they are empowered to purchase, construct or renovate their new or existing houses or apartments. the company also provides financial support on properties for business or personal needs and provides loans to professionals for the purpose of acquiring their own premises or office buildings.

Lic housing finance was launched in the year 1989 under the companies act of 1956. lichfl had become a separate company and had gone public in the year 1994. the corporate office of lic housing finance limited is situated at bombay life building at veer nariman point. according to an official report from lichfl, it has more than 158 marketing units, 6 regional offices and more than 13 back offices.

LICHFI provides loans under various categories such as Corporate loans: corporate loans are targeted at corporate employees who work for psus, government organizations and employees of both public and private limited companies.

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Home Loans For Individuals: home loans are provided to individuals at easy rates of interest for both residents and also for non resident indians. loan takers are provided with options such as step up facilities for a stable increase in the amount of emi over time depending upon the repayment capacity.

Loans Issued To Real Estate Developers And Builders: real estate developers and builders are also offered loans under this scheme for financing municipality approved building plans in both urban and semi urban areas.

Loans For Professionals: professionals are also provided loan facilities so that they are able to acquire their own premises or for other purposes.

Lichfl also provides deposit facilities for individuals as well as for businesses. these deposits are accepted for periods of 1 year to 5 years. the rates of interest are dependant on the deposit time with one year deposit being the least and the 5 years deposit being the highest. the interest rates are either paid twice every year or they are compounded at every six months.

All the above mentioned people can calculate their emi amount online with the help of lic housing loan calculator which is found on the website of lic housing finance limited.

With the help of this lic housing loan calculator, a loan seeker will be able to know the exact amount of emi, the number of emis and subsequent time, in months that it takes to completely repay the loan amount.

Thanks to such services, loan seekers can now know the interest rates and emis well in advance before applying for a loan. the emi can be calculated under various categories of loans which include purchase, construction, home entity, corporate employee housing loan, plot purchase NRI, extension, repair, renovation, plot purchase, consumer durables, etc.

These loans are issued on the basis of the net income of the individuals. so, loan applicants can be able to know the highest amount and the lowest amount eligible and calculate the subsequent emis with the help of lic housing loan calculator.

Hi Guys I am working but love to write. And today I am writing upon the housing financial problem and how to solve this problem with the

LIC Housing Finance

. I hope you will like my efforts.

Article Source:

ArticleRich.com

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Information About Bathroom Remodeling In Mechanicsburg, Pa?

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byAlma Abell

Bathrooms are considered to be one of the most important places in a house. Why? When you have guests over you do not want them to walk into a bathroom that looks like it was hit by a tornado. At the same time a bathroom needs to be very hygienic because of its intended use.

You may be considering Bathroom Remodeling Mechanicsburg PA. You can either decide to do this alone or hiring professionals who specialize in Bathroom Remodeling in Mechanicsburg,PA.Doing it alone may save you some money as you do not have to pay for labor but it may resort in more damages if you are not fully aware of what needs to be done and also the safety precautions.

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Hiring a professional for this job will ensure that the job is done properly and at the same time will leave you free to continue with your daily life. When one is looking to remodel their bathroom they need to consider some of the following items.

Firstly you need to make sure that you know what design you want. You can either create a design yourself or you can go to a company and ask them to help you. Where designing take into consideration the size of you Bathroom Remodeling Mechanicsburg PA, the appliances want in it, tiles, and many other things. Do not be in a hurry.

Next you need to find where you will buy the items you want. This means having to shop around. You may want to ask the company you are working where to buy the products you want. They themselves may be able to provide you with the items.

When you have your design and know where you will buy the items then you need to know that the company you hire is reliable, affordable, and have great workmanship. Ask them for testimonials and pictures of their previous jobs. Also make sure they are registered with the relevant authorities.

Consider your budget for the remodeling and also leave some space in case anything arises. Financial preparation is vital.

If you do not understand what is being done or have question, do not be afraid to ask the project manager.

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