EMI: ₹1,73,565/month at 8.5%. Min income: ₹3,15,573/month.
A ₹2 Crore home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹1,73,565 per month as EMI. You will pay a total interest of ₹2,16,55,600 over the loan tenure. The minimum monthly income needed is ₹3,15,573 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹2 Crore at 8.5% for 20 years is ₹1,73,565 per month.
You need a minimum monthly income of ₹3,15,573 for a ₹2 Crore home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Crore home loan from LIC Housing at 8.5% for 20 years is ₹2,16,55,600.
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.