How to Use LIC Home Loan EMI Calculator

Simple Steps to Calculate Your Home Loan EMI

Welcome to our easy-to-use EMI calculator! Follow these simple steps to find out your monthly EMI for LIC Home Loan.

1

Enter Loan Amount

Type in how much money you want to borrow. You can enter any amount from ₹1 Lakh to ₹1 Crore.

Tip: Higher down payment means lower loan amount and lower EMI

2

Select Interest Rate

Enter the interest rate offered by LIC Housing. Current rates usually range from 8.4% to 8.9%.

Tip: Better credit score can help you get lower interest rates

3

Choose Loan Period

Select how long you want to repay the loan (1 to 30 years). You can choose either years or months.

Tip: Longer period means lower EMI but higher total interest

4

View Results

Click 'Calculate' to see your:

  • Monthly EMI amount
  • Total interest to be paid
  • Total payment (Principal + Interest)
  • Easy-to-understand charts

Additional Tools to Help You

Compare Loans

Compare different loan options to find the best deal for you

Payment Schedule

See year-by-year breakup of your payments

Prepayment Benefits

Calculate how much you save by making extra payments

Eligibility Check

Find out how much loan you can get

Common Questions

Is the calculator free to use?

Yes, our EMI calculator is completely free. You can use it as many times as you want.

Are the calculations accurate?

Yes, we use the same formula that banks use. The final EMI might vary slightly based on processing fees and insurance.

Can I save or share my calculations?

Yes, you can download the results as PDF or Excel file, and share them via email or WhatsApp.

What if I want to change my loan details?

You can easily change any details and recalculate. The calculator updates results instantly.