Monthly EMI: ₹1,30,173 at 8.5% for 20 years. Total interest: ₹1,62,41,520.
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With a ₹1.5 Crore home loan from LIC Housing at 8.5% for 20 years, you will pay a monthly EMI of ₹1,30,173. The total amount payable is ₹3,12,41,520, of which ₹1,62,41,520 is interest.
At 8.5% interest rate for 20 years, the EMI for ₹1.5 Crore Home Loan from LIC Housing is ₹1,30,173 per month. Total interest payable: ₹1,62,41,520.
LIC Housing offers Home Loan at 8.50 - 10.75% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1.5 Crore at 8.5% for 20 years, you would pay approximately ₹1,62,41,520 as total interest, making the total repayment ₹3,12,41,520.
LIC Housing's prepayment policy for Home Loan: Nil for floating rate. Making prepayments can significantly reduce your total interest outgo.
LIC Housing offers competitive rates starting from 8.50 - 10.75% with tenure up to 30 years. Compare with other banks on this page to find the best option for your ₹1.5 Crore home loan.