Home Extension Loan - Eligibility, Documentation, & it's Procedure | RSP LIC Housing Loan



Home Extension Loan - Eligibility, Documentation, & it's Procedure

RSP LIC Housing Finance Limited (RSP LIC HFL) offers extension loans to finance the expansion or addition of space to an existing residential property.

Eligibility:

  • Stable income and employment.
  • Good credit history.

Loan Amount and Tenure:

  • The loan covers a substantial portion of the extension cost.
  • Tenure can extend up to 20 years.

Interest Rates:

Competitive fixed or floating interest rates.

Processing Fees and Charges:

Processing fees and other administrative charges apply.

Documentation:

  • Proof of identity and residence.
  • Income proof (salary slips, bank statements, income tax returns).
  • Property-related documents.

Repayment:

  • EMIs for repayment.
  • Prepayment options available.

Customer Support:

Support via branches, helpline, and online.

Application Process:

  • Online or at branch offices.
  • Involves application, document submission, and verification.
  • Disbursement upon approval.

For more details and to apply, visit our extension loan page.

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