Check & Download LIC HFL Home Loan Statement

Confused about deciphering your LIC HFL home loan statement? Look no further! This guide provides a one-stop shop for everything related to it. We'll explain what it is, what information it contains, why it's important, and how you can access it online or request it offline. From tracking your loan repayment progress to claiming tax benefits, this comprehensive resource empowers you to effectively understand and utilise your LIC HFL home loan statement.

Why is LIC HFL Home Loan Statement Necessary?

An LIC HFL home loan statement holds several important purposes for borrowers:

• Track Loan Repayment Progress: The statement provides a detailed breakdown of your loan repayment history, including how much principal and interest you’ve paid. This allows you to monitor your progress and ensures you’re on track with your repayment schedule.
• Claim Tax Benefits: In India, you can claim tax deductions on the interest portion of your home loan repayment. The LIC HFL home loan statement is the official documentation for the interest paid during a specific financial year. When filing your income tax returns (ITR), you’ll need this document to claim these tax benefits.
• Proof of EMI Payments: The statement verifies that you’ve made your EMI payments on time. This can be helpful in various situations, such as for a second loan application or resolving any discrepancies with your loan account.
• Manage Finances Effectively: Having a record of your loan transactions allows you to manage your finances more effectively. You can analyse your spending habits and plan your budget accordingly.

How to View and Download LIC HFL Home Loan Statement Online?  

Here’s how to view and download your LIC HFL home loan statement online:

• Visit the LIC Housing Finance Customer Portal
• Login using your username and password. If you haven’t registered yet, click on “New Customer” and follow the on-screen instructions to create an account using your loan application number, date of birth, and a security code.
• Once logged in, navigate to the section for accessing account information or statements. This might be labelled differently depending on any updates to the portal. Look for options like “Loan Account Statements,” “Repayment Certificate,” or similar terms.
• Locate and select the option to download your statement. You might need to choose your specific loan account and the desired financial year.
• The portal should allow you to view the statement on-screen and potentially download it as a PDF or another file format.

How to Get LIC HFL Home Loan Statement Offline?

Here’s how to get your LIC HFL home loan statement offline:

• Visit your nearest LIC Housing Finance branch.
• Request a home loan statement application form.
• Fill out the form accurately, including details like your loan account number and contact information.
• Submit the completed form to a representative at the branch.
• They might be able to provide the statement immediately, depending on branch processes.
• In some cases, they might send it to you via post.