LIC HFL home loan EMI Calculator is used to calculated home loan EMI. LIC home loan EMI is based on loan amount, loan tenure and interest rate. LIC offers home loans with lowest EMI of 783 per lakh at attractive interest rates and flexible repayment tenures. The LIC Housing Finance home loans are to be paid off over the repayment period, which can be from 5 years to 30 years in the form of a certain fixed amount every month i.e EMI or the Equated Monthly Instalment. The borrowers of the home loan can pay off the loan as early as possible.
LIC Home Loan EMI Calculator | ||
Loan Amount | 15 year loan | 30 year loan |
₹ 20 Lakh | ₹ 19,930 | ₹ 15,663 |
₹ 30 Lakh | ₹ 29,895 | ₹ 23,494 |
₹ 50 Lakh | ₹ 49,825 | ₹ 39,157 |
The longer the repayment period, the smaller will be the EMI. A general overview of the LIC Housing Finance Home Loan is as follows:
Loan Amount | Tenure | Rate of Interest | Processing Fees |
75% – 85% of property value | Up to 30 years | 6.90% onwards | As applicable |