LIC Housing Finance's special consideration for NRI’s working in Kuwait

Thursday, December 3, 2020

LIC Housing Finance provide loans for housing needs of NRI’s in GCC at attractive rate of interest starting from 6.90% which is amongst the best in industry. NRI loans are available for a maximum term of 15 / 20 years with disbursement facility in Indian Rupees in India and repayments in India. The Company provides special consideration for NRI’s working in Kuwait Ministries such as Nurses, Engineers, Doctors, Technician’s with housing loan facility available immediately after receiving their first salary with a loan term up to 20 years with a provision of exit age up to 65 years.

"We follow a sound system of legal and technical verifications for the properties intended for purchase whereby valuing the hard-earned money of the client at large," LIC Housing Finance officials said.

LIC Housing Finance core loan schemes cater to the purchase/construction of flat/house, purchase of plot, repairs/renovations to existing house/flat needs of NRI’s. They have a wide spread of 282 marketing offices, covering major geography of India. The Company also has representative offices in Kuwait and Dubai to sanction loans for applicants resides at these locations.

Under the New Scheme LIC Housing Finance offer up to 6 EMI waivers to NRIs investing in Ready to Move property back in India. Moreover, if the NRI applicant is willing to invest in under construction property, the Company is offering principal repayment holiday up to 48 months or till possession whichever is earlier. The offer helps ease the burden of heavy EMI. Under its “Pay When You Stay” scheme, the borrower gets to commence payment of EMI on home loans availed after 48 months or till possession is given by builder. Only interest payment on the disbursed amount needs to be paid during the period. Whereas, for the benefit of purchasers of ready to move in unit, the Company has offered to waive up to 6 EMIs during the loan tenure. The waiver will be 2 EMIs each at the end of 3rd, 6th and 10th years provided the borrower is regular in repayments and makes no pre-payment for the interim years. It is a limited period offer till 31st December 2020.

LIC Housing Finance Kuwait office provides a hand holding for the client on the entire process with major servicing needs after the loan disbursement being catered from Kuwait office. Any Indian expatriates who wish to know more about their offers can contact:

Resident Manager: Mr. Neeraj Bhargava
E Mail: [email protected]
Mobile: 65934714,94003496
Phone: (965) 22914323,22914253

Contact Address:
LIC Housing Finance Ltd
(Representative Office)
Chief Agent: Warba Insurance Company KSC
Located at: Warba Tower, 3th Floor,
Ahmad Al Jabar Street,
(Near Crsytal Tower),
Sharq, Kuwait City.



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