LIC Housing Finance Home Loan EMI Calculator 2026 — Current Rates & Monthly Payment
LIC Housing Finance offers home loans starting at 8.5% p.a. (floating rate, May 2026). For a ₹50 Lakh home loan over 20 years, the monthly EMI is approximately ₹43,391 with a total interest outgo of ₹54.14 L. LIC Housing Finance offers maximum tenure up to 30 years. Use the calculator below to check EMI for your specific loan amount and tenure.
Last updated: 22 May 2026, 3:15 PM IST
Monthly EMI
₹43,391/month
at 8.5% for 20 years from LIC Housing Finance
LIC Housing Finance — Home Loan Details
Interest Rate
From 8.5% p.a. (floating)
Processing Fee
0.25–0.50% of loan amount (varies by scheme)
Prepayment / Foreclosure
Floating rate: no prepayment charges. Fixed rate: 2% on outstanding. Part prepayment allowed up to 25% of outstanding per year without charges.
Eligibility
Salaried: min age 21, max 65 at maturity. Self-employed professionals: min 3 years in practice. Min income ₹20,000/month.
LIC Housing Finance Home Loan — Rates, Fees & Eligibility
A first-time home buyer in a metro city takes a ₹50 Lakh home loan from LIC Housing Finance at their current rate of 8.5% for 20 years. The monthly EMI is ₹43,391, and the total interest over the full tenure is ₹54.14 L. LIC Housing Finance charges a processing fee of 0.25–0.50% of loan amount (varies by scheme). On prepayment, floating rate: no prepayment charges. Fixed rate: 2% on outstanding. Part prepayment allowed up to 25% of outstanding per year without charges. For eligibility, salaried: min age 21, max 65 at maturity. Self-employed professionals: min 3 years in practice. Min income ₹20,000/month. Comparing rates: if the borrower gets a 0.25% discount (to 8.25%), the EMI drops to ₹42,603, saving ₹1.89 L over the loan tenure. Always negotiate — banks offer rate concessions for high CIBIL scores (750+), women borrowers, and balance transfer cases.
Data Sources
- RBI — Key Policy Rates (2026) — www.rbi.org.in
- Bank Websites — Latest Interest Rates (May 2026) — www.rbi.org.in
- NHB — Home Loan Guidelines (2025) — nhb.org.in
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Important: This calculator provides estimates based on the inputs and assumptions you provide. Results are mathematical projections, not financial advice or recommendations. Actual outcomes will vary based on market conditions, policy changes, individual circumstances, and factors not captured by this tool. Verify all figures independently and consult qualified professionals before making financial decisions.
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Frequently Asked Questions
What is LIC Housing Finance home loan interest rate 2026?
LIC Housing Finance home loan interest rates start from 8.5% p.a. (floating rate) as of May 2026. Rates vary based on loan amount, CIBIL score, and employment type.
What is the processing fee for LIC Housing Finance home loan?
The processing fee is 0.25–0.50% of loan amount (varies by scheme). This is a one-time upfront charge deducted from the loan disbursement.
Can I prepay my LIC Housing Finance home loan?
Floating rate: no prepayment charges. Fixed rate: 2% on outstanding. Part prepayment allowed up to 25% of outstanding per year without charges.
What is the eligibility for LIC Housing Finance home loan?
Salaried: min age 21, max 65 at maturity. Self-employed professionals: min 3 years in practice. Min income ₹20,000/month.
What is the maximum home loan tenure at LIC Housing Finance?
LIC Housing Finance offers home loans with maximum tenure of 30 years. The optimal tenure depends on your age, income, and repayment capacity.
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Disclaimer
This calculator provides estimates based on the interest rates and tenure shown. Actual EMI may vary based on the bank's lending terms, processing fees, and any floating-rate revisions. Bank rates are sourced from public data and may not reflect the latest changes — always confirm with your bank before applying. This is not financial advice. RupayWise is not a loan broker or financial advisor.