EMI: ₹30,374/month at 8.5%. Min income: ₹55,226/month.
A ₹35 Lakh home loan from LIC Housing at 8.5% interest for 20 years will cost you ₹30,374 per month as EMI. You will pay a total interest of ₹37,89,760 over the loan tenure. The minimum monthly income needed is ₹55,226 (assuming no existing EMIs).
LIC Housing Home Loan EMI for ₹35 Lakh at 8.5% for 20 years is ₹30,374 per month.
You need a minimum monthly income of ₹55,226 for a ₹35 Lakh home loan from LIC Housing (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹35 Lakh home loan from LIC Housing at 8.5% for 20 years is ₹37,89,760.
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.