Pre-payment of the house loan from LIC

POSTED BY vij ON July 13, 2012 3:58 pm ONE COMMENT

I had taken the house loan of 23 Lakh from LIC around 8 years back, the outstanding amount is around 17 Lakh. The loan was taken in Delhi, i had shifted to Bangalore sometime back. Now i want to pre-pay the remaining amount of 17 lakh and close the loan

1) Is it possible to pre-pay the loan to a LIC branch in Bangalore even though it was taken from a LIC branch in Delhi ?

2) In case, i need to go to Delhi to the same LIC branch to pay the load ? Any idea , how much time would they take to give me back the sale deed ? Would i need to stay in Delhi till the time they give me back the sale-deed or will they send it by registered post etc.

Thanks very much in advance

One reply on this article “Pre-payment of the house loan from LIC”

  1. Dear Vij, In my opinion, it’s very much possible to preclose the loan from Banglore. Regarding the property papers, You can ask LICHFC to deliver these papers to Banglore Branch. But please check for the same with LICHFC Banglore office.

    Thanks

    Ashal

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