EMI: ₹99,113/month at 10%. Min income: ₹1,80,206/month.
A ₹75 Lakh loan against property from LIC Housing at 10% interest for 10 years will cost you ₹99,113 per month as EMI. You will pay a total interest of ₹43,93,560 over the loan tenure. The minimum monthly income needed is ₹1,80,206 (assuming no existing EMIs).
LIC Housing Loan Against Property EMI for ₹75 Lakh at 10% for 10 years is ₹99,113 per month.
You need a minimum monthly income of ₹1,80,206 for a ₹75 Lakh loan against property from LIC Housing (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹75 Lakh loan against property from LIC Housing at 10% for 10 years is ₹43,93,560.
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.