LIC Housing Finance (HFL) EMI Calculator
Model housing finance solutions tailored to your unique requirements. Compare primary loan schemes including Griha Suvidha, Griha Varishtha (for pensioners), and Griha Sajja (for renovations). Review processing fees, structural limits, and complete interest distributions.
₹43,075
Scheme: SUVIDHA for a tenure of 20 years.
Your LTV is 71.4%, conforming to the RBI threshold of 80% for home financing.
| Year | Principal Paid | Interest Paid | Total Payments | Ending Balance |
|---|---|---|---|---|
| Year 1 | ₹1,00,722 | ₹4,16,181 | ₹5,16,903 | ₹48,99,278 |
| Year 2 | ₹1,09,516 | ₹4,07,387 | ₹5,16,903 | ₹47,89,762 |
| Year 3 | ₹1,19,078 | ₹3,97,825 | ₹5,16,903 | ₹46,70,684 |
| Year 4 | ₹1,29,475 | ₹3,87,428 | ₹5,16,903 | ₹45,41,210 |
| Year 5 | ₹1,40,779 | ₹3,76,124 | ₹5,16,903 | ₹44,00,430 |
| Year 6 | ₹1,53,071 | ₹3,63,832 | ₹5,16,903 | ₹42,47,360 |
| Year 7 | ₹1,66,435 | ₹3,50,467 | ₹5,16,903 | ₹40,80,924 |
| Year 8 | ₹1,80,967 | ₹3,35,936 | ₹5,16,903 | ₹38,99,957 |
| Year 9 | ₹1,96,767 | ₹3,20,135 | ₹5,16,903 | ₹37,03,190 |
| Year 10 | ₹2,13,947 | ₹3,02,955 | ₹5,16,903 | ₹34,89,243 |
| Year 11 | ₹2,32,627 | ₹2,84,276 | ₹5,16,903 | ₹32,56,616 |
| Year 12 | ₹2,52,938 | ₹2,63,965 | ₹5,16,903 | ₹30,03,678 |
| Year 13 | ₹2,75,022 | ₹2,41,881 | ₹5,16,903 | ₹27,28,656 |
| Year 14 | ₹2,99,034 | ₹2,17,868 | ₹5,16,903 | ₹24,29,621 |
| Year 15 | ₹3,25,143 | ₹1,91,759 | ₹5,16,903 | ₹21,04,478 |
| Year 16 | ₹3,53,532 | ₹1,63,371 | ₹5,16,903 | ₹17,50,946 |
| Year 17 | ₹3,84,399 | ₹1,32,504 | ₹5,16,903 | ₹13,66,547 |
| Year 18 | ₹4,17,961 | ₹98,942 | ₹5,16,903 | ₹9,48,586 |
| Year 19 | ₹4,54,454 | ₹62,449 | ₹5,16,903 | ₹4,94,132 |
| Year 20 | ₹4,94,132 | ₹22,771 | ₹5,16,903 | ₹0 |
LIC Housing Finance: Core Loan Schemes & Features
**LIC Housing Finance Limited (LIC HFL)** is one of India's largest and most trusted housing finance providers. It offers specialized home loan schemes customized to distinct borrower profiles (salaried individuals, self-employed professionals, pensioners, and women borrowers). Choosing the appropriate scheme can yield significant savings over the typical 20 to 30-year home loan lifecycle.
Overview of LIC HFL Home Loan Schemes
LIC HFL organizes its credit products to address specific demographics and property needs:
| Scheme Name | Target Audience & Purpose | Lending Features |
|---|---|---|
| Griha Suvidha | Salaried & Self-Employed seeking extended tenure terms | Offers tenure extension past retirement age up to 30 years (with co-applicant). |
| Griha Varishtha | Pensioners / Retired government & PSU employees | Financing options structured up to the age of 80 with term security benefits. |
| Griha Sajja | Home renovation, repairs, and interior furnishing works | Attractive margins on smaller ticket loans with fast-tracked clearances. |
| Griha Shakti | Women primary applicants / Women-led households | Secures special interest rate concessions (usually 0.05% discount on margins). |
Upfront Costs: Understanding Processing Fees
When finalizing a home loan, factor in the administrative costs charged during the loan processing phase:
- Loans up to ₹50 Lakh: Typically incurs a processing fee of **0.25%** of the loan amount, subject to a minimum of ₹10,000.
- Loans above ₹50 Lakh: Typically fixed at **0.25%** of the loan amount, capped at a maximum of ₹25,000 to keep high-value loans cost-effective.
Frequently Asked Questions (FAQs)
What documents are required to apply for an LIC HFL Home Loan?
Does LIC HFL offer both fixed and floating interest rates?
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