LIC Property Loan (LAP) – Get Quotes on loan amount ✓ Interest rates ✓ loan tenure period. Eligibility, Processing Fees, Charges, Status Documents Online.
LIC Loan against property Details
|Interest Rates||9.10% – 10.95%|
|Min. Loan Amount||2 Lakh|
|Repayment Period||15 Years|
|Processing Fees||1% +Service Tax|
|Pre Payment Charges||N.A.|
|Minimum Income||12000 Per Month|
Borrowers can take loan against property from LIC housing for Child Education / Marriage / Renovation / Expansion of Business / Purchase of another property etc etc.
Interest Rates on Loan Against property is dependable on borrowers profile. For Interest rates you have to check with the bank at the time of apply for the loan. or Visit the bank branch.
LIC Loan against property EMI Calculator
Borrowers can use this calculator according to the need – Just enter required loan amount, Input Interest Rates & Tenure of loan and click calculate results shown within a seconds.
Here’s the example of 20 lakh of loan amount which is taken at 10% rate of interest for 15 years of period. So below are the calculations of the loan amount.
# Loan Amount = Rs. 20,00,000
# Monthly Installment (EMI) = Rs. 21,492
# Total Interest Amount = Rs. 18,68,578
# Total Amount (Principal + Interest) = Rs. 38,68,578
Other Available Products of LIC Housing in India