APF stands for Approved Project Financing. When LIC Housing Finance empanels a project, its legal and technical teams have already examined the developer’s title, statutory approvals and sanctioned plans. A buyer in that project does not have to wait for the lender to verify the building all over again — that work is already done.
That single difference is what separates a home loan sanctioned in under a week from one that takes a month.
We are an authorised DSA of LIC Housing Finance in Hyderabad, and APF is the core of what we do. We have been taking projects through empanelment since 2002. If you are buying in an already-approved project, your file moves quickly. If you are a developer whose project is not yet approved, that is work we can take on.
If you are buying a home
Buying in a project that LIC Housing Finance has already approved changes three things.
Sanction is faster. With project verification already cleared, a complete file typically sanctions in 4 to 7 working days. On an unapproved project, buyers routinely wait two to four weeks while the lender’s legal and technical teams examine the builder’s documents from scratch — and that clock only starts after you have submitted everything.
Your paperwork is the only variable. Because the project side is settled, the file depends entirely on your own eligibility. Salaried applicants need KYC, six months of bank statements, the latest Form 16 and three months of payslips. Self-employed applicants need three years of income tax returns with computation.
You know your funding limit up front. Home loan funding is capped by RBI rules against the value of the property:
- Up to ₹30 lakh — maximum 90% funding
- ₹30 lakh to ₹75 lakh — maximum 80% funding
- Above ₹75 lakh — maximum 75% funding
This matters more than most buyers expect. Most gated projects in west Hyderabad now start above ₹1 crore, which places them firmly in the 75% band. On a ₹2 crore flat that means arranging roughly ₹50 lakh of your own funds, not the ₹20 lakh a 90% figure would suggest. Knowing this before you book, rather than after, is usually the difference between a smooth purchase and a stalled one.
LIC Housing Finance home loan rates currently start from 7.15% p.a., with the rate you are offered depending on your credit profile.
Before you book a flat
Three things are worth checking in this order: whether the project is already on the LIC HFL approved list, which funding band the ticket size puts you in, and what you actually qualify for on your income.
You can see our current list of LIC-approved projects in Hyderabad, work out a repayment on the EMI calculator, or check what you are eligible for using the income eligibility calculator.
If the project you are considering is not on the list yet, tell us. Getting it approved is something we can take on.
If you are a builder or developer
An unapproved project quietly costs you sales.
Every buyer who needs a loan has to put your project through their own lender’s legal and technical verification. Each one of those takes weeks. Some buyers lose patience, some lose their booking window, and some simply choose a competing project down the road that is already empanelled and where the bank says yes in a few days. You never hear about most of them.
Empanelment moves that work to the front, once, for everyone.
What the process involves
Broadly, the developer submits the project’s documentation — title records, sanctioned plans, RERA registration and the relevant statutory approvals — and the lender’s legal and technical teams examine it. Once the project clears both, it is assigned an APF reference that LIC Housing Finance then applies to every buyer’s file in that project.
The paperwork is not complicated so much as unforgiving. Files stall on small gaps, and a submission that is incomplete in a minor way can sit for weeks before anyone tells you why.
What we do
We prepare and submit the application, coordinate between your office and LIC Housing Finance, follow the file through legal and technical scrutiny, and chase the gaps as they come up rather than after the fact. Once the project is approved we remain the point of contact, so your buyers’ individual loan files move through the same channel instead of starting cold.
We have been doing this in Hyderabad for over two decades, and we are actively taking on larger projects.
Who you would be working with
The practice began with V. Ramarao, who moved from insurance into housing finance and was offered a Home Loan Agent role by LICHFL. Teja Management Group was established as a Direct Selling Agent in 2002.
It is run today by V. Vijay Arjun (B.Pharm, PGDM), who has served as a Direct Marketing Executive (DME) appointed by LICHFL and is an authorised DSA, together with Salam Florida. The firm operates as Elite Financial Services from Kukatpally.
Talk to us about a project
Whether you are a buyer checking whether your project is approved, or a developer who wants one empanelled, the quickest route is a phone call.
Phone: +91 88862 49998
Office: First Floor, Above Siri Pearls and Jewellers, Near JNTU Metro, Hydernagar, Kukatpally, Hyderabad 500085
Or use the contact form and tell us the project name.