LIC Loan Against Property, Interest Rate, Eligibility and EMI Calculator April 2017

 

(Updated on 01.04.17) LIC Loan Against Property Eligibility Calculator April 2017 Loansninsurances.com provides a simple tool to calculate LIC Loan Against Property EMI on the basis of ✓ Loan Amount ✓ Interest Rate ✓ Repayment Options ✓ Processing Charges & more.

LIC LOAN AGAINST PROPERTY – INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Loan Against Property but help you to connect with banks to get best deals.
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LIC LOAN AGAINST PROPERTY

LIC Housing Finance Ltd. offers loan against property up to a maximum of around 40% – 60%* of the market value of your property with a very competitive interest rate, loan processing charges up to 1% of total loan amount with up to 15 years loan repayment option for professional, 10 years repayment option for non-professional or retirement age 60 & more.

Lender Name LIC Housing Finance Ltd.
Product Name Loan Against Property
Interest Rate As per company policy or RBI guidelines
Processing Fees 1.00% of Loan Amount + Service Tax
Loan Term Up to 15 years
Prepayment Facility Avail
Official Website www.lichousing.com

The formula for EMI (in arrears) is:
emi-calculator

Where E is EMI, P is Principal Loan Amount, r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 11.75% per annum, then r = 11.75/12/100=0.00979) and n is loan term / tenure / duration in number of months

LIC Loan Against Property EMI Calculator

LIC Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Property Loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For example a customer applied for property loan ₹ 22,00,000 amount, interest rate given by LIC Housing Finance Ltd. is 11.50% for 120 months (10 years). Now you should have to check how much emi, interest amount you will pay for your Loan Against Property.

LOAN AMOUNT INTEREST RATE (%) LOAN TENURE EMI INTEREST AMOUNT
₹ 22,00,000.00 11.50% 120 months ₹30931 ₹3711720

 

Product
LIC Loan Against Property, LIC LAP Interest Rate
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on 2016-05-28
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