EMI: ₹39,645/month at 10%. Min income: ₹72,082/month.
A ₹30 Lakh loan against property from LIC Housing at 10% interest for 10 years will cost you ₹39,645 per month as EMI. You will pay a total interest of ₹17,57,400 over the loan tenure. The minimum monthly income needed is ₹72,082 (assuming no existing EMIs).
LIC Housing Loan Against Property EMI for ₹30 Lakh at 10% for 10 years is ₹39,645 per month.
You need a minimum monthly income of ₹72,082 for a ₹30 Lakh loan against property from LIC Housing (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh loan against property from LIC Housing at 10% for 10 years is ₹17,57,400.
LIC Housing charges a processing fee of 0.50% of loan amount + GST for Loan Against Property.
LIC Housing Loan Against Property prepayment policy: 2% for fixed, nil for floating.