Monthly EMI: ₹66,075 at 10% for 10 years. Total interest: ₹29,29,000.
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With a ₹50 Lakh loan against property from LIC Housing at 10% for 10 years, you will pay a monthly EMI of ₹66,075. The total amount payable is ₹79,29,000, of which ₹29,29,000 is interest.
At 10% interest rate for 10 years, the EMI for ₹50 Lakh Loan Against Property from LIC Housing is ₹66,075 per month. Total interest payable: ₹29,29,000.
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 ₹50 Lakh at 10% for 10 years, you would pay approximately ₹29,29,000 as total interest, making the total repayment ₹79,29,000.
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 ₹50 Lakh loan against property.