EMI: ₹21,696/month at 8.5%. Min income: ₹39,448/month.
A ₹25 Lakh home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹21,696 per month as EMI. You will pay a total interest of ₹27,07,040 over the loan tenure. The minimum monthly income needed is ₹39,448 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹25 Lakh at 8.5% for 20 years is ₹21,696 per month.
You need a minimum monthly income of ₹39,448 for a ₹25 Lakh home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh home loan from LIC Housing at 8.5% for 20 years is ₹27,07,040.
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.