EMI: ₹43,391/month at 8.5%. Min income: ₹78,893/month.
A ₹50 Lakh home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹43,391 per month as EMI. You will pay a total interest of ₹54,13,840 over the loan tenure. The minimum monthly income needed is ₹78,893 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹50 Lakh at 8.5% for 20 years is ₹43,391 per month.
You need a minimum monthly income of ₹78,893 for a ₹50 Lakh home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh home loan from LIC Housing at 8.5% for 20 years is ₹54,13,840.
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.