Home Loan - Eligibility, Documentation, & it's Procedure | RSP LIC Housing Loan
Home Loan - Eligibility, Documentation, & it's Procedure RSP LIC Housing Finance Limited (RSP LIC HFL) provides a range of housing loan options designed to cater to diverse customer needs, whether for purchasing a new house, constructing a new home, or renovating an existing property. Types of Loans: Home Purchase Loan: For buying a new or pre-owned residential property. Home Construction Loan: For constructing a house on a plot owned by the borrower. Home Improvement Loan: For renovating or repairing an existing home. Home Extension Loan: For extending or adding more space to the existing house. Eligibility: Eligibility for the housing loans depends on several factors including: The applicant’s income and employment stability. Credit history and credit score. Age of the applicant, which affects the loan tenure. Property-related documents and the legal clearance of the property. Loan Amount and Tenure: The loan amount can go up to a significant portion of the property value, ty...