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 Housing loan EMI 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 based on salary to compare different repayment options and understand how changes in interest rates or tenure affect their EMI. Additionally, the LIC Housing Finance 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

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.

How to Use the LIC Home Loan EMI Calculator?

Using the LIC Home Loan EMI Calculator is easy by following these steps:

Step 1: Visit the official LIC Housing Finance EMI Calculator page.

Step 2: Slide or type the exact principal amount you plan to borrow.

Step 3: Enter the applicable annual interest rate (e.g., 8.5% or 9%).

Step 4: Choose your repayment period in years or months (up to 30 years for salaried individuals).

Step 5: The calculator instantly displays your monthly EMI, principal amount, and total interest payable over the life of the loan.

Let us understand it better with an LIC home loan insurance calculator with monthly premium breakdown example.

LIC Home Loan Insurance Calculator with Monthly Premium Breakdown

LIC Home loan calculator 2026 calculates EMI on the basis of the following formula:

EMI = [P x r x (1 + r)^n] / [( 1 + r)^n - 1]

In this,

P = Principal amount

R = Applicable interest rate

N = Repayment term in months

Let’s understand this with the help of an example:

Assume that an individual applies for a housing loan of Rs. 90 Lakhs. The loan carries an interest rate of 7.15% per annum and the repayment term is 15 years or 180 months. By using the EMI calculator formula:

EMI = 90,00,000 × 0.0715/12 × (1 + 0.0715/12)^180 / [(1 + 0.0715/12)^180 − 1]

EMI = 90,00,000 × 0.005958 × (2.9099) / 1.9099

EMI = 15,60,987.42 / 1.9099

EMI = Rs. 81,651 (approximately)

LIC Amortization Schedule

The table below shows the yearly and monthly breakup of the home loan EMI for a loan amount of Rs. 90 Lakhs at an interest rate of 7.15% for a tenure of 15 years. It explains how each EMI is divided into principal and interest components, gradually reducing the outstanding loan balance.

Year/Month	OS Loan	Principal	Interest	EMI
2026	90,00,000.00	2,28,939.81	₹4,24,268.19	₹6,53,208.00
May	90,00,000.00	28,026.00	₹53,625.00	₹81,651.00
Jun	89,71,974.00	28,192.99	₹53,458.01	₹81,651.00
Jul	89,43,781.01	28,360.97	₹53,290.03	₹81,651.00
Aug	89,15,420.04	28,529.96	₹53,121.04	₹81,651.00
Sep	88,86,890.08	28,699.95	₹52,951.05	₹81,651.00
Oct	88,58,190.14	28,870.95	₹52,780.05	₹81,651.00
Nov	88,29,319.19	29,042.97	₹52,608.03	₹81,651.00
Dec	88,00,276.21	29,216.02	₹52,434.98	₹81,651.00

What are the Benefits of the LIC Home Loan EMI Calculator

The LIC home loan EMI calculator is a handy tool for determining commitment with repayment even before you take a home loan insurance policy.
LIC Housing Finance EMI Calculator gives the ability to choose a repayment plan that aligns with their income and long-term financial goals.
With the help of the Home Loan Eligibility Calculator, borrowers can figure out the maximum loan amount they might be eligible for based on their salary, present liabilities, and repayment ability.
LIC Housing Loan Calculator helps to analyze different repayment options by changing tenure, loan amount, and interest rates.

EMI Calculator

Loan Amount

₹

₹10 K
₹1,00,000
₹5,00,000
₹10,00,000
₹50,00,000
₹1,00,00,000
₹2,00,00,000
₹4,00,00,000
₹6,00,00,000
₹8,00,00,000
₹10 Cr

Interest Rate

Loan Tenure

Yrs

1 Yr
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Total Interest

Principal Amount

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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.

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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.
Q: How accurate is LIC housing loan EMI calculator?

Ans: The LIC housing loan EMI calculator is completely accurate, as it uses the exact EMI calculation formula based on the user's inputs. While the calculation is always accurate, the EMI amount is affected by factors such as interest rates, hidden charges and prepayment choices.
Q: How can I get LIC home loan insurance calculator with monthly premium breakdown?

Ans: You can get the LIC home loan insurance calculator with monthly premium breakdown on the official LIC Housing Finance website. You just have to enter details like loan amount, tenure, age, and interest rate to view the estimated monthly premium breakdown, EMI amount, repayment schedule, and total insurance coverage benefits.

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Author's Bio

Varun Agarwal IRDAI Certified Term Insurance Expert with 10+ Years of Experience

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

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˜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

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