🌙 Home Loan Rate Of Interest Lic

For instance, if you are taking a Rs 40 lakh home loan at 7.5% per annum interest rate with a 20-year tenure, your EMI will be Rs 32,224. However, if you go for a 25-year tenure the EMI comes down to Rs 29,560, and in case of a 30-year tenure the EMI will be Rs 27,969. Reduce EMI with higher tenure. Loan Amount. Rs 50 lakh. Mortgage financier LIC Housing Finance (LIC HFL) on Friday increased interest rate on home loans by 20 basis points to 6.9 per cent, from 6.7 per cent, for select borrowers. For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are Some of the notable features of LIC Home Loan are: Loan amount: Up to 90% of property value. LIC HFL Home Loan Interest Rates start from 8.40% - 10.50% per annum. Repayment Tenure: Up to 30 years; LIC Home Loan Processing Fees is nominal. It can go up to 0.50% of the loan amount. Lowest EMI: Rs. 769 per lakh Between Rs. 20 Lakhs and Rs. 75 Lakhs: 80% of the total cost. Above Rs. 75 Lakhs: 75% of the total cost. Maximum tenure of the loan. For Salaried class: maximum 30 years of age. For Self-Employed class: maximum 20 years of age. Repayment method. In terms of EMIs. Interest Rate. LIC Housing Finance has increased its prime lending rate by 35 basis points with effect from December 26, 2022. With the latest hike, the housing finance company’s home loan interest rate will be available for 8.65% annual interest. However, the LICHF’s best rates are available to borrowers with credit scores of over 800. As per Bank Reports – LIC Housing Finance Loan book stood at Rs.139,000 cr over 25 Years of establishment. More than 16.8 lacs families own home with LIC housing Support. LIC Housing Finance Interest Rates 2024 Griha Siddhi / Apna Ghar Floating Rate Schemes Cibil Score at the time of rewriting. Rate of Interest (Linked to LHPLR) 700 & above. 9.45%. 600 to 699. 10.10%. Below 600. 10.20%. Note: Rate of Interest will be applicable as per Maximum. score of the applicant/s on the date of rewriting. According to the LIC Housing website, home loan interest rates start from 8% for salaried and professional borrowers for credit score equal or above 800 for loans up to Rs 15 crore. For salaried and professional individuals with credit score between 750-799, interest rate will be 8.05% up to 5 crore and 8.40% and more than Rs 5 crores & up to vsXL3ND.

home loan rate of interest lic