LIC Housing Finance is a housing finance company. The figures below show what one of its home loans costs a month at the advertised rate and at the top of its published range, so you can see the spread you are actually being quoted against.
What it costs per month
On ₹50,00,000 over 20 years.
| Rate | EMI | Total interest |
|---|---|---|
| 7.15% | ₹39,216 | ₹44,11,939 |
| 10.15% | ₹48,749 | ₹66,99,770 |
Principal and interest only. The processing fee, GST, documentation and any insurance sold alongside the loan are additional. For your own principal and tenure, use the EMI calculator.
The gap between the two rows is the point of this page. The same loan costs ₹9,533 more a month, and ₹22,87,831 more in interest over twenty years, at the ceiling than at the floor. Which row you land on is set by your credit profile, not by the advertised number.
How it compares
LIC Housing Finance is the joint cheapest of the 12 providers we track, level with Canara Bank and Union Bank of India at 7.15% and 0.05 percentage points below the Bank of Baroda home loan at 7.20%. Every lender’s advertised and maximum rate is on home loan interest rates, and the full product detail is on our LIC Housing Finance home loan page.
The rest of the lender’s range sits on LIC Housing Finance. Terms change without notice. Confirm the current figures with the lender before you act.
Related reading
LIC Housing Finance Home Loan Fees and Charges
The processing fee LIC Housing Finance publishes on a home loan, plus the charges that sit outside it.
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LIC Housing Finance Home Loan Interest Rate Today
LIC Housing Finance home loans start at 7.15% (salaried) and 7.30% (self-employed) for CIBIL 825+; LAP starts at 9.70%.
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