Monthly EMI: ₹26,430 at 10% for 10 years. Total interest: ₹11,71,600.
| Year | Principal | Interest | Balance |
|---|
With a ₹20 Lakh loan against property from LIC Housing at 10% for 10 years, you will pay a monthly EMI of ₹26,430. The total amount payable is ₹31,71,600, of which ₹11,71,600 is interest.
At 10% interest rate for 10 years, the EMI for ₹20 Lakh Loan Against Property from LIC Housing is ₹26,430 per month. Total interest payable: ₹11,71,600.
LIC Housing offers Loan Against Property at 10.00 - 12.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 10% for 10 years, you would pay approximately ₹11,71,600 as total interest, making the total repayment ₹31,71,600.
LIC Housing's prepayment policy for Loan Against Property: 2% for fixed, nil for floating. Making prepayments can significantly reduce your total interest outgo.
LIC Housing offers competitive rates starting from 10.00 - 12.50% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹20 Lakh loan against property.