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 2021. LIC Housing Finance launched New Scheme for Govt. Employees with the name of “MY CHOICE” in which Interest Rates starts from 6.90%.
Home Loan applications received for rupees ₹ 419,027 crores till 22 January 2021
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
LIC Home Loan Interest Rates Jan 2021
|ROI||6.90% – 7.30%|
|Lowest EMI Per Lakh||Rs.659|
|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 Instantly – Click 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 @ 7.90% rate of interest for 20 years.
Note – Rate of interest is 7.90%.
|Loan Amount||EMI for 20 years|