Monthly EMI: ₹2,64,301 at 10% for 10 years. Total interest: ₹1,17,16,120.
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With a ₹2 Crore loan against property from LIC Housing at 10% for 10 years, you will pay a monthly EMI of ₹2,64,301. The total amount payable is ₹3,17,16,120, of which ₹1,17,16,120 is interest.
At 10% interest rate for 10 years, the EMI for ₹2 Crore Loan Against Property from LIC Housing is ₹2,64,301 per month. Total interest payable: ₹1,17,16,120.
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 ₹2 Crore at 10% for 10 years, you would pay approximately ₹1,17,16,120 as total interest, making the total repayment ₹3,17,16,120.
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 ₹2 Crore loan against property.