EMI: ₹34,713/month at 8.5%. Min income: ₹63,115/month.
A ₹40 Lakh home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹34,713 per month as EMI. You will pay a total interest of ₹43,31,120 over the loan tenure. The minimum monthly income needed is ₹63,115 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹40 Lakh at 8.5% for 20 years is ₹34,713 per month.
You need a minimum monthly income of ₹63,115 for a ₹40 Lakh home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹40 Lakh home loan from LIC Housing at 8.5% for 20 years is ₹43,31,120.
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.