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LIC Housing Finance Home Loan EMI Calculator

Loan amount EMI inputs
Monthly EMI
₹47,032
Total interest
₹62,87,641
Total payment
₹1,12,87,641
Formula 
EMI = P × R × (1+R)ⁿ / ((1+R)ⁿ − 1)

Where P = principal, R = monthly interest rate, n = tenure in months.

Source: RBI Master Circular on Loans and Advances, RBI/2024-25/01

LIC Housing Finance Home Loan — current rate (2026-05-04)

ParameterValue
Rate band8.5% – 10.75% p.a.
Processing fee0.5% + 18% GST
Bank typeNBFC

Rates sourced from public bank disclosures and last verified 2026-05-04. Use the calculator above with your specific principal, tenure, and the rate LIC Housing Finance quotes for your credit profile.

How does the LIC Housing Finance rate compare?

The all-India home loan rate band is roughly 8.30%–10.75%. LIC Housing Finance’s 8.5%–10.75% sits at the competitive low end. Always compare against 2–3 other lenders before committing — even small rate-gap differences compound substantially over long tenures.

Eligibility for LIC Housing Finance home loan

Standard Indian retail-loan checklist:

  • Salaried with 2+ years of work history, or self-employed with 2+ years of ITR
  • Net monthly income that puts your FOIR under 55%–60% after the new EMI
  • CIBIL score 750+ for the best rate (650–749 may qualify with rate premium)
  • KYC: PAN + Aadhaar + address proof
  • Income proof: 3 months’ payslips + 6 months’ bank statements (or 2 years’ ITR for self-employed)
  • Property documents: title deed, encumbrance certificate, approved plan
Worked examples

Three scenarios at this calculator's defaults.

Scenario EMI Total interest Total payment
Default — ₹50L at 9.63% ₹47,032 ₹62,87,641 ₹1,12,87,641
Best rate — ₹50L at 8.5% ₹43,391 ₹54,13,879 ₹1,04,13,879
Worst rate — ₹50L at 10.75% ₹50,761 ₹71,82,747 ₹1,21,82,747
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Frequently Asked Questions

What is the LIC Housing Finance home loan interest rate?
8.5% to 10.75% per annum, depending on credit score, loan amount, and tenure. Lowest rate typically requires CIBIL 800+. Last updated 2026-05-04 from public bank disclosures.
How is LIC Housing Finance home loan EMI calculated?
LIC Housing Finance uses the RBI-mandated reducing-balance formula: EMI = P × R × (1+R)ⁿ / ((1+R)ⁿ − 1). The same formula applies across all Indian banks; only the rate LIC Housing Finance quotes you and the processing fee differ.
What is the processing fee for LIC Housing Finance home loan?
0.5% of loan amount + 18% GST. On a ₹50L loan, processing fee is ₹25,000 + ₹4,500 GST = ₹29,500 total upfront.
Is LIC Housing Finance a public-sector or private bank?
NBFC (non-banking financial company) — often higher rates than banks but easier eligibility and faster disbursal.
Can I prepay my LIC Housing Finance loan?
Yes, with no penalty for floating-rate home loans to individual borrowers (RBI 2014 ban). Fixed-rate home loans may attract 2% prepayment fee.
Compliance disclaimer

Loan rates and terms shown are sourced from public bank disclosures; actual rates depend on credit profile, loan amount, and lender underwriting. This page is educational and does not guarantee loan approval or terms.

About this calculator

Reviewed by Jayesh Jain, AMFI Registered Mutual Fund Distributor (ARN-286359 — verify ).

Last reviewed: 2026-05-04

Formula source: RBI Master Circular on Loans and Advances, RBI/2024-25/01

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