Monthly EMI: ₹34,713 at 8.5% for 20 years. Total interest: ₹43,31,120.
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With a ₹40 Lakh home loan from LIC Housing at 8.5% for 20 years, you will pay a monthly EMI of ₹34,713. The total amount payable is ₹83,31,120, of which ₹43,31,120 is interest.
At 8.5% interest rate for 20 years, the EMI for ₹40 Lakh Home Loan from LIC Housing is ₹34,713 per month. Total interest payable: ₹43,31,120.
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 ₹40 Lakh at 8.5% for 20 years, you would pay approximately ₹43,31,120 as total interest, making the total repayment ₹83,31,120.
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 ₹40 Lakh home loan.