Monthly EMI: ₹43,391 at 8.5% for 20 years. Total interest: ₹54,13,840.
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With a ₹50 Lakh home loan from LIC Housing at 8.5% for 20 years, you will pay a monthly EMI of ₹43,391. The total amount payable is ₹1,04,13,840, of which ₹54,13,840 is interest.
At 8.5% interest rate for 20 years, the EMI for ₹50 Lakh Home Loan from LIC Housing is ₹43,391 per month. Total interest payable: ₹54,13,840.
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 ₹50 Lakh at 8.5% for 20 years, you would pay approximately ₹54,13,840 as total interest, making the total repayment ₹1,04,13,840.
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 ₹50 Lakh home loan.