EMI: ₹1,32,151/month at 10%. Min income: ₹2,40,275/month.
A ₹1 Crore loan against property from LIC Housing at 10% interest for 10 years will cost you ₹1,32,151 per month as EMI. You will pay a total interest of ₹58,58,120 over the loan tenure. The minimum monthly income needed is ₹2,40,275 (assuming no existing EMIs).
LIC Housing Loan Against Property EMI for ₹1 Crore at 10% for 10 years is ₹1,32,151 per month.
You need a minimum monthly income of ₹2,40,275 for a ₹1 Crore loan against property from LIC Housing (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹1 Crore loan against property from LIC Housing at 10% for 10 years is ₹58,58,120.
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.