LIC Loan Calculator | Housing Finance EMI & Eligibility

  • Adam
  • November 14, 2025

Calculate LIC home loan EMI, eligibility & interest with rates from 7.50% p.a. LIC Housing Finance calculator for loan amount up to ₹5 crore. Instant results.

LIC Loan Calculator – Housing Finance EMI & Interest Calculator

Calculate your LIC Housing Finance (LIC HFL) home loan EMI, total interest payable, and monthly installments with this comprehensive LIC loan calculator. Whether you're planning to buy a new home, construct property, or refinance an existing loan, this calculator helps you determine affordable EMI based on loan amount, tenure, and current LIC housing loan interest rates starting from 7.50% p.a. Includes eligibility checker, amortization schedule, and detailed breakdown for informed home financing decisions.

🏠 LIC Home Loan EMI Calculator

Calculate your monthly EMI payments

₹1 Lakh to ₹5 Crore
Current rates: 7.50% - 10%
Up to 30 years

Your EMI Calculation Results

Monthly EMI
₹44,313
Total Interest
₹34,76,340
Total Amount
₹79,76,340

Loan Summary

Component Amount
Principal Loan Amount ₹45,00,000
Interest Rate (p.a.) 8.50%
Loan Tenure 15 Years (180 months)
Total Interest Payable ₹34,76,340
Monthly EMI ₹44,313
Total Repayment Amount ₹79,76,340

✅ LIC Loan Eligibility Calculator

Check how much loan you can get

Minimum ₹25,000 required
Other loan EMIs per month
Affects interest rate
Affects eligibility & rate

Your Loan Eligibility

Eligible Loan Amount
₹50,00,000
Applicable Interest Rate
7.90%
Max EMI (60% of Income)
₹60,000

Eligibility Details

Parameter Value
Monthly Income ₹1,00,000
Existing EMI ₹0
Available for EMI (60%) ₹60,000
CIBIL Score 775-799
Interest Rate 7.90%
Maximum Eligible Loan ₹50,00,000

💰 LIC Interest Calculator

Calculate total interest payable

Principal loan amount
Annual interest rate
Repayment period

Interest Calculation Results

Total Interest
₹30,00,000
Principal Amount
₹30,00,000
Interest as % of Loan
100%

Payment Breakdown

Component Amount Percentage
Principal Loan ₹30,00,000 50%
Total Interest ₹30,00,000 50%
Total Payment ₹60,00,000 100%
Monthly EMI ₹25,093 -

About LIC Housing Finance (LIC HFL)

LIC Housing Finance Limited (LIC HFL) is one of India's leading housing finance companies, established in 1989 as a wholly-owned subsidiary of Life Insurance Corporation of India. With over three decades of experience, LIC HFL offers comprehensive home loan solutions ranging from ₹1 lakh to ₹15 crore with competitive interest rates starting from 7.50% per annum. The company serves salaried individuals, self-employed professionals, NRIs, and pensioners with flexible tenure options up to 30 years.

LIC Home Loan Interest Rates 2025

LIC Housing Finance offers competitive interest rates based on multiple factors including CIBIL score, loan amount, employment type, and property type. Current rates range from 7.50% to 10% per annum.

Interest Rates Based on CIBIL Score

CIBIL Score Loan Amount Salaried Rate Self-Employed Rate
800+ Up to ₹5 Crore 7.50% p.a. 8.00% p.a.
775-799 Up to ₹50 Lakh 7.85% p.a. 8.10% p.a.
750-774 Up to ₹50 Lakh 7.95% p.a. 8.20% p.a.
725-749 Up to ₹50 Lakh 8.15% p.a. 8.40% p.a.
700-724 Up to ₹50 Lakh 8.50% p.a. 8.75% p.a.
600-699 Up to ₹50 Lakh 9.15% p.a. 9.25% p.a.

Note: Interest rates are subject to change based on market conditions and RBI guidelines. Higher CIBIL scores (750+) qualify for better interest rates and faster loan approval. Rates vary for different loan slabs and may differ for properties above ₹50 lakh.

LIC Home Loan EMI Calculation Formula

Understanding how your EMI is calculated helps in better financial planning. LIC Housing Finance uses the standard reducing balance method for EMI calculation.

EMI Calculation Formula:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N - 1]

Where:

  • P = Principal loan amount (in rupees)
  • R = Monthly interest rate (Annual Rate / 12 / 100)
  • N = Loan tenure in months (Years × 12)
  • EMI = Equated Monthly Installment

Example EMI Calculation:

Loan Amount: ₹45,00,000

Interest Rate: 8.50% per annum

Tenure: 15 years (180 months)

Step 1: Calculate monthly interest rate

R = 8.50 / 12 / 100 = 0.00708

Step 2: Apply the formula

EMI = [45,00,000 × 0.00708 × (1 + 0.00708)^180] / [(1 + 0.00708)^180 - 1]

Step 3: Calculate the result

EMI = [45,00,000 × 0.00708 × 3.544] / [3.544 - 1]

EMI = [1,12,759.20] / [2.544]

Monthly EMI = ₹44,313

Total Amount Payable: ₹44,313 × 180 = ₹79,76,340

Total Interest: ₹79,76,340 - ₹45,00,000 = ₹34,76,340

LIC Home Loan Eligibility Criteria

To qualify for an LIC housing loan, applicants must meet specific eligibility requirements:

Age Requirements

  • Minimum Age: 21 years at the time of loan application
  • Maximum Age (Salaried): 50 years at application (loan can extend 10 years post-retirement)
  • Maximum Age (Self-Employed): 75 years at loan maturity
  • Maximum Age (Pensioners): 80 years at loan maturity

Income Requirements

  • Minimum Monthly Income: ₹25,000 for salaried individuals
  • Self-Employed: Minimum 3 years of business continuity with profit in last 2 years
  • Income Proof: Salary slips, IT returns, bank statements required
  • EMI to Income Ratio: Maximum 60% of net monthly income

Credit Score Requirements

  • Minimum CIBIL Score: 600 (though 750+ recommended for best rates)
  • Excellent (800+): Best interest rates and faster approval
  • Good (750-799): Competitive rates with standard processing
  • Fair (700-749): Moderate rates, additional documentation may be needed
  • Below 700: Higher interest rates, stricter verification

Employment Type

  • Salaried Employees: Permanent employment in government, PSU, or reputed private companies
  • Self-Employed Professionals: Doctors, CAs, architects, lawyers with stable practice
  • Self-Employed Business: Business owners with proven income and ITR
  • NRIs: Special schemes available for Non-Resident Indians
  • Pensioners: Retired individuals with regular pension income

Types of LIC Home Loans

1. LIC Home Purchase Loan

Purpose: Purchase of ready-to-move-in residential property

  • Loan amount up to ₹5 crore
  • Up to 90% of property value (depending on loan amount)
  • Tenure up to 30 years
  • Interest rates from 7.50% p.a.

2. LIC Home Construction Loan

Purpose: Construction of residential property on owned land

  • Loan amount up to ₹75 lakh
  • Disbursed in stages based on construction progress
  • Competitive interest rates
  • Tenure up to 30 years

3. LIC Home Extension Loan

Purpose: Extension, renovation, or repair of existing property

  • Available for existing customers and new applicants
  • Tenure up to 30 years
  • Can be taken as top-up on existing loan

4. LIC Plot Purchase Loan

Purpose: Purchase of residential plot for future home construction

  • Up to 75% of plot value
  • Tenure up to 15 years
  • Must construct within specified period

5. LIC Balance Transfer Loan

Purpose: Transfer existing home loan from another lender

  • Lower interest rates benefit
  • No prepayment charges
  • Additional top-up loan facility
  • Waiver of 2 EMIs available

Frequently Asked Questions

What is the current LIC housing loan interest rate?
LIC Housing Finance offers home loan interest rates starting from 7.50% p.a. onwards, varying based on CIBIL score, loan amount, and employment type. For borrowers with CIBIL score 800+, salaried individuals get 7.50% and self-employed get 8.00% p.a. Rates increase for lower credit scores. The actual rate depends on factors like loan slab (up to ₹50 lakh, ₹50 lakh-₹2 crore, ₹2 crore-₹5 crore), property type, and applicant profile. Maximum rates can go up to 10% for lower CIBIL scores. Check the latest rates on LIC HFL official website or contact branch.
How to calculate EMI for LIC home loan?
Use the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P = principal, R = monthly rate (annual rate/12/100), N = tenure in months. Example: ₹45 lakh at 8.5% for 15 years: R = 8.5/12/100 = 0.00708, N = 180 months. EMI = [4500000 × 0.00708 × (1.00708)^180] / [(1.00708)^180 - 1] = ₹44,313. Alternatively, use LIC HFL's online EMI calculator on their website or this calculator above. Enter loan amount, interest rate, and tenure to get instant EMI calculation with total interest and repayment breakdown.
What is the maximum loan amount offered by LIC Housing Finance?
LIC HFL offers home loans up to ₹5 crore for home purchase and up to ₹15 crore for specific schemes. For most standard home loans, the limit is ₹5 crore. Loan amount depends on factors: applicant's income (typically 60 times monthly income), property value (usually 80-90% LTV ratio), CIBIL score (higher scores get higher amounts), age (younger applicants get more), existing obligations, and co-applicant income. For example, monthly income of ₹1 lakh can qualify for approximately ₹50-60 lakh loan at current rates with 20-year tenure. Use eligibility calculator above to estimate your eligible amount.
What is the minimum CIBIL score required for LIC home loan?
Minimum CIBIL score required is 600, but 750+ is recommended for best rates and quick approval. Score impact: 800+ = 7.50% rate (excellent), 775-799 = 7.85% (very good), 750-774 = 7.95% (good), 725-749 = 8.15% (fair), 700-724 = 8.50% (average), 600-699 = 9.15% (below average), below 600 = 9.60%+ or rejection. Higher scores also mean: faster approval, higher loan amounts, better negotiation power, lower documentation hassles. Improve score by: paying EMIs on time, reducing credit utilization, avoiding multiple loan applications, correcting credit report errors, maintaining old credit accounts.
What documents are required for LIC home loan application?
Required documents: Identity Proof (Aadhaar, PAN, Passport, Voter ID), Address Proof (Aadhaar, utility bills, rental agreement), Income Proof - Salaried (last 6 months salary slips, Form 16, 2 years ITR, bank statements), Income Proof - Self-Employed (3 years ITR with computation, audited financials, GST returns, bank statements), Property Documents (sale deed, approved building plans, NOC from builder, property tax receipts, encumbrance certificate), Employment Proof (offer letter, employee ID, experience certificate), Photographs (passport size), Bank Statements (last 6-12 months), and Business Proof for self-employed (registration certificate, business continuity proof).
Can I prepay my LIC home loan without penalty?
Yes, LIC Housing Finance allows prepayment and foreclosure with NIL charges for floating rate home loans. Benefits of prepayment: reduces total interest burden, shortens loan tenure, improves debt-to-income ratio, frees up monthly cash flow, releases property from mortgage faster. You can make: part prepayment (minimum ₹25,000 typically), full foreclosure (entire outstanding), or increase EMI amount. Best strategy: prepay in early years when interest component is highest, use bonuses/increments for prepayment, make annual prepayments of 10-20% of principal, or pay extra with each EMI. Note: Fixed rate loans may have prepayment charges of 2-3%, check your loan agreement for specific terms.
What is the difference between fixed and floating interest rates in LIC loans?
Fixed Rate: Interest remains constant throughout loan tenure, EMI amount doesn't change, protects against rate increases, typically 0.5-1% higher than floating rates, suitable for risk-averse borrowers, good when rates are expected to rise. Floating Rate: Interest linked to LIC HFL's benchmark (LHPLR - currently 16.90%), changes with market conditions, EMI varies when rates change, typically lower initial rate, suitable for long-term loans, benefits when rates fall. LIC HFL primarily offers floating rates starting 7.50% p.a. Most borrowers choose floating due to: lower rates, prepayment flexibility, rate revision benefits. Reset cycle is typically quarterly or half-yearly. Consider floating for loans over 15 years; fixed may work for shorter tenures if stable EMI is priority.

Benefits of LIC Home Loan

Competitive Features

  • Attractive Interest Rates: Starting from 7.50% p.a., among the lowest in the industry
  • Flexible Tenure: Loan tenure up to 30 years for comfortable repayment
  • High Loan Amount: Financing up to ₹5 crore for your dream home
  • Quick Processing: Fast loan approval and disbursement process
  • Minimal Documentation: Simplified paperwork for hassle-free application

Additional Benefits

  • No Prepayment Penalty: Zero charges on foreclosure for floating rate loans
  • Balance Transfer: Easy transfer from other banks with attractive benefits
  • Top-Up Loans: Additional funding on existing home loans at competitive rates
  • Tax Benefits: Deductions under Section 80C and 24(b) of Income Tax Act
  • Insurance Coverage: Optional home loan protection insurance available
  • NRI Friendly: Special schemes for Non-Resident Indians
  • Customer Service: Extensive branch network across India for support

Tax Benefits on LIC Home Loan

Section 80C - Principal Repayment

  • Deduction: Up to ₹1.5 lakh per year on principal repayment
  • Includes: Principal component of EMI, stamp duty, registration charges
  • Applicable: For self-occupied property

Section 24(b) - Interest Payment

  • Self-Occupied: Up to ₹2 lakh per year on interest paid
  • Let-Out Property: Entire interest amount is deductible
  • Under Construction: Interest during construction claimed over 5 years

Section 80EEA - First-Time Buyers

  • Additional Deduction: Up to ₹1.5 lakh on interest for affordable housing
  • Property Value: Up to ₹45 lakh
  • Loan Sanction: Between April 1, 2019 to March 31, 2022

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