Dont go to LICHFL if any other bank has aproval for the same property.
Should review the property title if only LICHFL is giving loan for that property.
Even though you are taking the loan at floating interest rate ,
It will never get reduced automatically.
Interest rate increase automatically though.
You have to rewrite the loan with giving 5/10 K every time you want to get the interest rate reduction.That too they will not reduce to normal other bank current rate.
Even after paying 5/10 k , interesr rate will again increase automatically once there is any change in RBI.
5.Dont ever think it is Govt organisation, so you may get some benifit if you are in trouble or not able to pay some EMI s.
They are in simple word is Cheater and Loot the money from you thinking that you dont have any other option .
As a conclusion , go to this LICHFL loan if there is no alternative.