LIC Home Loan EMI Calculator 2024 – Calculate Eligibility Online

LIC Home Loan EMI Calculator – Calculate EMI amount which you have to pay every month for home loan within a minute. LIC Housing MCLR, Base rate, PLR Rates 2024. LIC Housing Finance launched New Scheme for Govt. Employees with the name of “MY CHOICE” in which Interest Rates starts from 8.50%.

LIC Home Loan EMI Calculator

LIC home EMI calculator helps your to know how much emi per month you have to pay for the loan amount which you are going to take from bank for the purchase of your home.

Steps to calculate EMI:

1. Enter your loan amount
2. Enter Interest rate
3. Enter loan tenure or repayment period.
4. After submit all the information – click on Calculate

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

LIC Home Loan Interest Rates 2024

ROI 8.50% – 10.50%
Lowest EMI Per Lakh Rs.769
Repayment 30 Years
Min. Loan Amount 1 lakh

LIC Home Loan Eligibility:

You can calculate your lic home loan eligibility on the basis of your monthly income and expenses.
Factors which effects your home loan eligibility

If your monthly income is Rs.44000/-. It means your eligibility for home loan will be around Rs.25-26 lakhs on the basis of current interest rates.
✓ EMI limited to about 50% of monthly income (If your income is 25000 per month than you are eligible for upto 12500 per month emi)
✓ EMIs of other loans lower your eligibility. (like – LIC premium, Insurance premium, other loans, car, personal, business)
✓ Insurance policies premium lower your eligibility.
✓ More No. of dependents lower your eligibility.

Increase your eligible Home Loan amount by these steps
✓ Make your spouse a co-applicant,and her income will add to your eligibility & enhance your loan amount
✓ Choose longer tenure loan up to 30 years for get more loan amount
✓ Alternatively add your parents if they earns.
You can also apply for LIC home loan Online InstantlyClick Here
Most number of search queries coming for LIC home loan from – Tamilnadu, Karnataka, Maharashra, uttar pradesh, West bengal, Andhra pradesh & delhi region.
Top cities – Chinchwad, hyderabad, Bangalore, Mumbai, chennai & Pune.

Here’s the default emi calculation – you can check emi per loan amount @ 8.50% rate of interest for 20 years.

Note – Rate of interest is 8.50%.

Loan Amount EMI for 20 years
11 lakh 9546
12 lakh 10414
13 lakh 11282
14 lakh 12150
15 lakh 13017
16 lakh 13885
17 lakh 14753
18 lakh 15621
19 lakh 16489
20 lakh 17356
21 lakh 18224
22 lakh 19092
23 lakh 19960
24 lakh 20828
25 lakh 21696
28 lakh 24299
30 lakh 26035
32 lakh 27770
34 lakh 29506
35 lakh 30374

Other Retail Products of LIC Housing In India

Other Banks Calculators in India

HDFC Home Loan EMI Calculator
SBI Home Loan Calculator
ICICI Home Loan Calculator
PMAY Housing Loan EMI Calculator
Home Loan Balance Transfer Calculator
Citibank Home Loan EMI Calculator

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Top Banks for Home Loans in India
Banks Interest Rates
SBI 8.60% - 9.65%
HDFC Bank 8.50% - 9.40%
ICICI Bank 9.00% - 9.10%
LIC Housing Finance8.50% - 10.50%
PNB Housing 8.50% - 11.95%
Axis Bank 8.75% - 9.15%
Bank of Baroda 9.15% - 10.50%
Canara Bank 8.90 %- 11.25%
Aadhar Home loan N.A