LIC Housing Finance Introduces ‘Kerala Flood Scheme’

KOCHI:
In a move to help the flood affected state of Kerala, LIC housing finance today has announced ‘Kerala Flood Scheme’ offering direct housing loans at special rate of interest of 8.50%.
Under the scheme loan up to Rs 15 lakhs will be extended for properties located in the flood affected areas of Kerala for the purpose of reconstruction, repair, renovation or up-gradation of dwelling units. Customers fulfilling the eligibility criteria can file their loan application under the scheme till 31 st October 2018. Customers may visit local LIC HFL Area Offices for further details about the scheme.
Also as a relief for its existing customers the company has decided not to levy any additional charges arising due to late payment of EMI for the month of August and September 2018. All ancillary charges resulting from such late payments and recovery charges also have been waived till Sept 2018.
According to MD & CEO Vinay Sah, “LIC Housing Finance is doing its bit in helping rebuild the great state of Kerala. We have sensitized our teams in the state to support the customers in every possible way. LIC Housing finance stands strong in support of Kerala and its people.”