LIC Home Loan EMI Calculator

The LIC Home Loan EMI Calculator is an online tool that helps a borrower determine the EMI amount they need to pay on a loan during the loan term. The EMI calculator gives you the monthly instalment for your loan by entering the loan amount, tenure, and interest rate. So, using an LIC Home Loan calculator allows borrowers to understand their loan repayment structure before applying.

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What is the LIC Home Loan EMI Calculator?

The LIC Home loan EMI Calculator is an online tool that helps borrowers estimate their monthly EMI by entering details such as the loan amount, loan tenure, and interest rate. This calculator from LIC of India lets users instantly see how much they need to pay each month for a home loan from LIC Housing Finance.

Various borrowers also use a LIC Home loan calculator to compare different repayment options and understand how changes in interest rates or tenure affect their EMI. Additionally, the LIC home loan calculator helps users adjust loan amounts and repayment tenure to better plan their finances. Home buyers may also use the LIC Home loan eligibility calculator to estimate the loan amount they can qualify for based on their income and financial commitments.

Home Loan Amount
Loan Tenure
5 Years 30 Years
Interest Rate
5% 15%
Loan Tenure Completed
0 40 yrs
home loan term insurance Get the coverage you need-quick and easy! Choosing the right Home loan insurance is now effortless. Simply enter your details, hit “Calculate,” and receive a personalized plan designed just for you.

How the LIC Home Loan EMI Calculator Works?

The LIC Home Loan EMI Calculator works on a standard EMI formula that considers three key inputs. This EMI calculator for home loan will help you understand:

Principal Loan Amount

This is the total amount borrowed from the lender. A higher principal will naturally lead to a higher EMI.

Interest Rate

The applicable interest rate significantly influences your monthly repayment. Many borrowers rely on the LIC home loan interest rate calculator to estimate EMIs based on current rates. Knowing the LIC home loan interest rate is essential, as even a minor change in the rate can affect the overall amount to be paid.

Loan Tenure

A loan period indicates the time over which the loan payment is to be divided, in months or years. This only complicates things for borrowers, who regularly use the LIC loan calculator to compare various tenure alternatives and their effects on their finances. The LIC housing loan calculator also helps visualise repayment schedules and total interest payable across the loan duration.

Read about LIC Housing Finance Ltd here.

Some borrowers even consider loan protection benefits when deciding to take out a home loan through LIC. A term insurance policy is a helpful financial instrument which can be used as a loan protection insurance. Besides planning their loan repayments, borrowers also calculate their insurance premiums using the LIC Home Loan Insurance Calculator to choose the right level of protection. Financial advisors, however, insist on double-checking the premiums with the LIC Home Loan Insurance Calculator to get a sense of the cost of insuring the remaining loan balance.

EMI Calculator
Loan Amount
  • ₹10 K
  • ₹1,00,000
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  • ₹10 Cr
Interest Rate
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Loan Tenure
Yrs
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Total Interest
Principal Amount

Monthly EMI:

Total Amount:

Start Investing

Key Benefits of the LIC Home Loan EMI Calculator

Originally, the EMI calculator was designed for loan repayment assistance. However, nowadays it offers several benefits to homebuyers for property purchase planning as well.

Precise Financial Planning

The tool delivers an accurate monthly EMI calculation that can be used to build a financial plan without any surprises. It removes all the uncertainties and gives you a clear idea of your financial planning, even before you take a home loan insurance policy.

Instant Loan Side-by-Side Comparison

Potential borrowers will typically use a Loan EMI calculator as part of the decision-making process to select a repayment plan based on different loan tenures and interest rates.

Enhanced Budget Monitoring

The use of the LIC home loan calculator has a double-edged sword; on the one hand, it highlights the borrowing costs over a longer period, and on the other hand, it verifies whether the loan remains a reasonable one for you.

Calculating Your Loan Eligibility

The implementation of the home loan eligibility calculator by LIC can provide a figure for the maximum loan amount one can borrow without risking their financial stability.

Testing Different Repayment Scenarios

The LIC housing loan calculator enables you to simulate a variety of repayment schemes and is the right tool for finding the best loan solution.

Loan Protection Options

Borrowers may also consider LIC loan protection insurance to safeguard the outstanding balance of their home loan in case of unforeseen circumstances. An LIC term insurance plan can help with home loan repayments due to its significant payout.

Home Loan Insurance Cover

Home loan insurance is one of the most popular choices of borrowers as it ensures that the outstanding loan balance is covered in case one faces an unexpected financial crisis. A life insurance policy that provides a significant final payout is a good option to cover your home loan.

Premium Price Comparison

Using the LIC home loan insurance premium calculator, a borrower can conveniently check and compare the insurance prices to get the most suitable plan. Home Loan Insurance with Housing Finance Insurance products from LIC Housing Finance help borrowers with uninterrupted financial support in their difficult times.

Asset Safety

Property insurance for home loans is highly recommended by most of the lenders in order to protect the property from perils like fire, natural disasters, etc.

How Does Term Insurance Work

Summing Up

For the first time home loan borrowers, the LIC Home Loan EMI Calculator definitely becomes a great helper. This sophisticated financing tool can actually show the monthly commitment clearly without any confusion. Thanks to tools such as the LIC home loan calculator, housing loan calculator, deciding one's best fits ones need becomes a matter of one's desire without any struggle. Using these tools along with the cover protection ones, borrowers will be able to create a financially healthy and well-thought-out plan to the home loan journey of LIC Housing Finance.

Term Plans

  • LIFE COVER

    ₹ 1 Crore

    STARTS AT

    ₹ 13/day+

    View Plan
  • LIFE COVER

    ₹ 50 Lakh

    STARTS AT

    ₹ 8/day+

    View Plan
  • LIFE COVER

    ₹ 75 Lakh

    STARTS AT

    ₹ 12/day+

    View Plan

FAQs

  • Q: Does a LIC home loan have insurance?

    Ans: Yes, insurance cover is provided to borrowers of housing loans or similar borrowings under the GMRA Scheme of Life Insurance Corporation of India (LIC). The premium may be paid by the lender, thereby increasing your monthly instalment amount by a margin. This arrangement is often linked with LIC loan protection insurance for added security.
  • Q: How to calculate the loan value of an LIC policy?

    Ans: To know the eligibility of the loan against your LIC policy, you have to figure out the surrender value of the policy. LIC usually gives loans of 80–90% of the surrender value for active policies.
  • Q: What is the LIC home loan interest rate?

    Ans: The LIC home loan interest rate is usually between 8.30% and 9.00%, depending on the borrower's profile and loan amount. You can quickly find the most recent rates with the LIC home loan interest rate calculator.
  • Q: How is the LIC Loan interest calculated?

    Ans: The LIC Loan interest is based on a reducing balance method, which means that interest is only charged on the amount of the loan that is still owed. You can use the LIC EMI calculator to determine how much you will pay each month.
  • Q. Is LIC good for home loans?

    Ans: LIC home loans offer competitive interest rates and efficient repayment options. The interest rates for LIC home loans can range from 8.40% to 9.50% per annum. Their customer service is dependable and can be obtained without much hassle.

home loan term insurance

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.



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