LIC Home Loan EMI Calculator

Calculate your EMI in seconds with our easy-to-use calculator

1L 1Cr
5% 20%
Years
1 Yr 30 Yrs

Monthly EMI

21,585
Principal Amount 25,00,000
Total Interest 26,80,400
Total Amount 51,80,400

Advanced Calculator Features

Compare Different Loan Options

Loan Option 1

Loan Option 2

Prepayment Analysis

This value is synced with the main calculator
Minimum prepayment amount: ₹1,000

Calculate Tax Benefits

Check Loan Affordability

Balance Transfer Calculator

Current Loan Details

New Loan Details

Simple Steps to Calculate Your EMI

Follow these easy steps to calculate your LIC Home Loan EMI accurately

1

Enter Loan Amount

Input your desired loan amount between ₹1 Lakh to ₹10 Crore

Tip: Consider 20% down payment when deciding loan amount
2

Select Interest Rate

Choose the current LIC interest rate (typically 8.4% - 8.9%)

Tip: Check for special rates based on your profile
3

Choose Loan Tenure

Select your preferred repayment period (up to 30 years)

Tip: Longer tenure = Lower EMI but higher total interest
4

Review Results

Get instant EMI calculation with detailed breakup

Tip: Compare different scenarios to find the best option

Key Features

Discover what makes our EMI Calculator stand out

Core Calculator

  • EMI Calculation
  • Interest Breakup
  • Amortization Schedule
  • Visual Charts

Advanced Tools

  • Loan Comparison
  • Prepayment Analysis
  • Tax Benefits Calculator
  • Affordability Check

User Experience

  • Responsive Design
  • Mobile-Friendly Interface
  • Interactive Sliders
  • Real-time Updates

PWA Benefits

  • Install as App
  • Offline Access
  • Fast Performance
  • Auto Updates

Export & Share

  • PDF Download
  • Excel Export
  • Print Schedule
  • Share Results

Accessibility

  • Multi-language Support
  • Easy Navigation
  • Help Documentation
  • Tool Tips

Your Comprehensive Guide with Examples

Understanding home loan EMI calculation with practical examples

Example 1: Affordable Housing

  • Loan Amount: ₹30 Lakhs
  • Interest Rate: 8.5%
  • Tenure: 20 years
  • Monthly EMI: ₹26,032

Example 2: Mid-Range Property

  • Loan Amount: ₹75 Lakhs
  • Interest Rate: 8.7%
  • Tenure: 25 years
  • Monthly EMI: ₹61,487

Example 3: Luxury Segment

  • Loan Amount: ₹1.5 Crore
  • Interest Rate: 8.9%
  • Tenure: 30 years
  • Monthly EMI: ₹1,19,831

Top Tips to Manage Your LIC Home Loan Effectively

Expert advice to optimize your home loan journey

Make Extra Payments

Utilize annual bonuses or savings to make prepayments. Even small additional payments can significantly reduce your interest burden.

Calculate Prepayment Benefits →

Choose EMI Date Wisely

Align your EMI date with salary credit date. Keep a buffer of 2-3 days to avoid any late payment charges.

Learn About Payment Scheduling →

Monitor Interest Rates

Stay updated with market rates. Consider balance transfer if you find significantly lower rates.

Calculate Balance Transfer Benefits →

Opt for Insurance

Secure your loan with proper insurance coverage. Protect your family from loan burden in unforeseen circumstances.

Explore Insurance Options →

Frequently Asked Questions About LIC Home Loan EMI Calculator

How accurate is the LIC Home Loan EMI Calculator?

Our EMI calculator uses the exact formula employed by LIC Housing Finance, providing highly accurate results. The calculator considers principal amount, interest rate, and loan tenure to give you precise EMI calculations. However, the final EMI might vary slightly based on additional charges, processing fees, and insurance premiums.

What factors affect my home loan EMI?

Several key factors influence your EMI amount:

  • Principal loan amount - Higher loan amount means higher EMI
  • Interest rate - Higher interest rates increase EMI
  • Loan tenure - Longer tenure reduces EMI but increases total interest
  • Credit score - Better score might get you lower interest rates
  • Down payment - Higher down payment reduces loan amount and EMI
Can I reduce my EMI amount?

Yes, you can reduce your EMI through several methods:

  • Make a larger down payment
  • Opt for a longer loan tenure
  • Transfer your loan to a lower interest rate
  • Make partial prepayments when possible
  • Improve your credit score for better interest rates
What documents are required for LIC Home Loan?

Common documents required include:

  • Identity proof (Aadhaar, PAN, Passport)
  • Address proof (Utility bills, Passport)
  • Income proof (Salary slips, Form 16, ITR)
  • Bank statements (Last 6 months)
  • Property documents
How is the interest calculated in EMI?

LIC Housing Finance uses reducing balance method for interest calculation. This means the interest is calculated on the outstanding principal amount, which reduces with each EMI payment. The EMI remains constant, but the proportion of principal and interest components changes over time.

Can I make prepayment to my home loan?

Yes, LIC Housing Finance allows prepayment of home loans. For floating rate home loans, there are usually no prepayment charges. However, for fixed rate loans, certain charges might apply. Using our calculator, you can also analyze how prepayment affects your loan tenure and interest savings.

What is the maximum loan tenure offered by LIC Housing?

LIC Housing Finance offers home loans with tenure up to 30 years, subject to the borrower's age at loan maturity not exceeding 70 years for salaried and 75 years for self-employed individuals.

How do I download my amortization schedule?

After calculating your EMI:

  1. Click on 'Repayment Schedule' button
  2. View your complete year-wise repayment plan
  3. Use the 'Download' or 'Print' option
  4. Choose PDF or Excel format as needed