EMI: ₹13,215/month at 10%. Min income: ₹24,028/month.
A ₹10 Lakh loan against property from LIC Housing at 10% interest for 10 years will cost you ₹13,215 per month as EMI. You will pay a total interest of ₹5,85,800 over the loan tenure. The minimum monthly income needed is ₹24,028 (assuming no existing EMIs).
LIC Housing Loan Against Property EMI for ₹10 Lakh at 10% for 10 years is ₹13,215 per month.
You need a minimum monthly income of ₹24,028 for a ₹10 Lakh loan against property from LIC Housing (at 10% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh loan against property from LIC Housing at 10% for 10 years is ₹5,85,800.
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.