LICHFL is the place where we get loan very fast without much documentation. But you have to be very very careful on interest and principle proportion in EMI. Initial years they will be charging high on interest and very less on principle.
In effect, when you approach them to close the loan, you will realize that you were paying high interest.
I took 19Lak from LIC in 2010 and closed the loan in 2014 and EMI was 19, 340. I have paid around 6 laksh in 4 years but 5.6 laksh went to interest part and only 40, 000 to principle. That is the most important part where customers get cheated. So consider the EMI 19, 340, interest is 18, 300 and rest is only to principle. It will be changed in later stage, but they are charging high interest at the beginning.