Monthly EMI: ₹13,215 at 10% for 10 years. Total interest: ₹5,85,800.
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With a ₹10 Lakh loan against property from LIC Housing at 10% for 10 years, you will pay a monthly EMI of ₹13,215. The total amount payable is ₹15,85,800, of which ₹5,85,800 is interest.
At 10% interest rate for 10 years, the EMI for ₹10 Lakh Loan Against Property from LIC Housing is ₹13,215 per month. Total interest payable: ₹5,85,800.
LIC Housing offers Loan Against Property at 10.00 - 12.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 10% for 10 years, you would pay approximately ₹5,85,800 as total interest, making the total repayment ₹15,85,800.
LIC Housing's prepayment policy for Loan Against Property: 2% for fixed, nil for floating. Making prepayments can significantly reduce your total interest outgo.
LIC Housing offers competitive rates starting from 10.00 - 12.50% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹10 Lakh loan against property.