Home loan eligibility calculator india lic

Finally, Refinancing Made Simple. Trusted Online Mortgage Reviews. Find easy Housing Loan for your needs from LIC HFL. Get lowest interest rates and fulfill the dream of owning your dream home.

LIC Housing Finance home loan eligibility is calculated based on your age, income, property value and repayment capacity.

You can calculate your lic home loan eligibility on the basis of your monthly income and expenses. Factors which effects your home loan eligibility If your monthly income is Rs. It means your eligibility for home loan will be around Rs. Apply for a home loan at LIC to get lowest home loan rates.

Use LIC home loan EMI calculator to know your EMIs instantly. Life Insurance Corporation of India ( LIC ) allows its policyholders to take a personal loan against their LIC policy. This is a better option as opposed to the traditional personal loan because the rate of interest offered is much less.

You just need to have a LIC policy to be eligible for loan against LIC. Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan. With the LIC home loan EMI calculator, you’ll be able to estimate the monthly repayment amount on your LIC home loan. Home Loan Eligibility Criteria. The minimum EMI per lakh you get with LIC is Rs.

To utilise the home loan EMI calculator, you should know the current LIC home loan interest rates, loan amount, and the tenure. Here’s a simple way to check your eligibility status. Use the below home loan eligibility calculator to calculate the amount of loan you are eligible for, based on the tenure and interest.

A home loan is a secured loan , where the house you intend to purchase is considered as collateral. Your equity is your property’s value minus the amount of any existing mortgage on the property. Lic housing offers home loans at eye-catching interest rates, min. Surrender value of LIC endowment plans is quite low in the initial years.

As you can see in the previous examples, after paying premium for years, surrender value is only Rs 5. Start searching with Visymo. The EMI will also be high and hence you need to decide before hand how much loan amount you want, what interest rate you are comfortable paying and the tenure of the loan. LIC calculate your eligibility on half of your salary i.

Any home owner can apply for a home equity loan. Use the home loan eligibility calculator to check which are the banks you are eligible for a home loan. You can easily compare and choose the best home loans with the help of the home loan eligibility calculator available on BankBazaar.

The process is simple and only basic details will need to be entered.