LIC Housing Finance Customer Review, Rating

Average Customer Rating
2.1/5  by 4 users
Interest Rate
  2/5
Fees & Charges
  2/5
Pre - Sales Service
  3/5
Post - Sales Service
  1.3/5
Customer Reviews
, Pune
Reviewed on 03rd May 16
1.5 / 5 stars
Cheat bank, charges are very high interest rates are very high
LIC Housing Finance Home Loan Availed in 12-May
I regret my decision for opting LIC housing. They charge you so high that i feel cheated. They never inform you on rate change. Their PLR never change More
, Bhiwadi
Reviewed on 23rd Nov 15
3 / 5 stars
Change Interest rate on higher side
LIC Housing Finance Home Loan Availed in 13-Dec
I have applied for a home loan in dec 2013 and at that time the rate of interest was decided @ 10.25% with floating rate. Now 3 months before LICHFL h More
, Hyderabad
Reviewed on 23rd Nov 15
1.5 / 5 stars
Cheats borrowers by approving loan only on Fixed Rate of Interest for 2 years
LIC Housing Finance Home Loan Availed in 14-Dec
LIC Housing Finance intentionally approves the home loans to the eligible borrowers on the fixed rate of Interest for 2 years without even giving / ex More
Reviewed on 15th Apr 15
2.3 / 5 stars
Non Transparent
LIC Housing Finance Home Loan Availed in 14-Mar
Decided to go with LIC Housing as it is owned by LIC, a government company. Got a good home loan at interest rate of 10.75%. But after sales is not at More
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News - Apr 2017
17th Jan 17 LIC Housing Finance registers a 19 percent growth in its net profit in third quarter of FY 17
LIC Housing Finance has reported an increase of 19 per cent in its net profit at Rs. 499 core for third quarter ending on 31st December, 2016 as compared to Rs. 419 crore for the corresponding period a year ago. Non performing assets of the company have declined to 0.56 percent from 0.58 percent during the same period a year ago.
17th Jan 17 LIC Housing Finance registers a 15 percent growth in its loan disbursements in third quarter of FY 17
LIC Housing Finance has reported an increase of 15 per cent in its loan disbursements at Rs. 9, 684 crore during October to December quarter of FY17 as compared to Rs. 8, 422 crore for the same quarter last year. The housing finance company has also registered a 15 per cent growth in disbursements for loan against property at Rs. 1, 35, 366 crore in the third quarter of FY17 as compared to Rs. 1, 17, 396 crore in the same quarter a year ago.
18th Jul 16 LIC Housing Finance reports Rs 408 crore profit
LIC Housing Finance reported a marginal 7 per cent growth in net profit at Rs 408 crore in the quarter ended June due to higher provisioning. Net interest margins improved to 2.61 per cent from 2.41 per cent in the same period last year. Total income was Rs 3380 crore as against Rs 2965 crore during the same period previous year. The company took additional provisioning to the tune of Rs 90 crore due to aging of some NPAs in the project loans and hence provisions remained higher at Rs 116.5 crore.
20th May 16 LIC Nomura Mutual Fund is LIC MF again after Nomura quits
Japanese firm Nomura has exited from its JV with LIC Mutual Fund. LIC Nomura Mutual Fund is again being positioned as LIC Mutual Fund. There are now two new partners in LIC Mutual fund, they are GIC Housing Finance and Corporation Bank with 11.7 per cent and 4 per cent stake, respectively. Meanwhile, the existing partner LIC Housing Finance has picked up another 19.3 per cent stake to reach 39.3 per cent in the company. The rest 45 per cent is owned by the parent firm Life Corporation of India.
19th Apr 16 LIC Housing Finance Q4 PAT up to Rs 448 Cr
LIC Housing Finance reported an 18.5% rise in its standalone net profit for the quarter ended March to Rs 448.02 Cr on the back of a rise in loan disbursement and improved operating performance. The company total income from operations for the quarter stood at Rs 3246 Cr, up over 14%. Income rose faster than expenses, which rose slightly over 12% to Rs 2579.67 Cr, thereby lifting the lender operating profit margin. The company earnings before interest, tax depreciation and amortization margin rose by 121 basis points year on year to 20.61% for the quarter.
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