EMI: ₹13,017/month at 8.5%. Min income: ₹23,668/month.
A ₹15 Lakh home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹13,017 per month as EMI. You will pay a total interest of ₹16,24,080 over the loan tenure. The minimum monthly income needed is ₹23,668 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹15 Lakh at 8.5% for 20 years is ₹13,017 per month.
You need a minimum monthly income of ₹23,668 for a ₹15 Lakh home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh home loan from LIC Housing at 8.5% for 20 years is ₹16,24,080.
LIC Housing charges a processing fee of 0.25% of loan amount + GST (max ₹15,000) for Home Loan.
LIC Housing Home Loan prepayment policy: Nil for floating rate.