1 Crore LIC Home Loan

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Want a spacious home but concerned about finances? Owning a luxury home or expanding your real estate portfolio often requires substantial financial assistance. LIC Housing Finance’s ₹1 Crore home loan is here to bridge the gap. With flexible repayment tenures, attractive LIC home loan interest rates for ₹1 Crore, and a straightforward application process, easily turn your dream into reality. From calculating your 1 Crore LIC home loan EMI to understanding all the eligibility, this guide simplifies everything you need to know for a seamless borrowing experience.

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Table of Content

1. 1 Crore LIC Home Loan- Highlights

2. 1 Crore LIC Home Loan EMI for 5 years

3. 1 Crore LIC Home Loan EMI for 10 years

4. 1 Crore LIC Home Loan EMI for 15 years

5. 1 Crore LIC Home Loan EMI for 20 years

6. 1 Crore LIC Home Loan EMI for 25 years

7. 1 Crore LIC Home Loan Fees and Charges

8. 1 Crore LIC Home Loan Documents Required

9. 1 Crore LIC Home Loan Eligibility Criteria

Written By

Khushi Sondhi

Khushi Sondhi is more than a writer at Urban Money; she translates financial jargon into relatable language. With a background in commerce and a passion for financial, Khushi simplifies complex topics and makes finance accessible. She’s committed to taking the intimidation out of money matters, helping readers make informed decisions with ease.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

1 Crore LIC Home Loan- Highlights

Here’s a quick look at what makes LIC’s ₹1 Crore home loan an excellent option for borrowers:

Feature	Why It Stands Out
Loan Amount	Offers up to ₹1 Crore to cater to high-value property investments
Interest Rate	Starts at 8.50% p.a., ensuring competitive financing options
Flexible Tenure	Choose repayment plans ranging from 5 to 25 years to suit your financial goals
Processing Fees	Affordable at just 0.25% of the loan amount, capped at ₹15,000 plus GST
Prepayment Charges	Absolutely zero charges for floating-rate loans
Eligibility	For salaried, Self-employed individuals, Even NRIs with stable incomes

1 Crore LIC Home Loan EMI for 5 years

If you opt for a 5-year tenure, the EMI details are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payable
₹1 Crore	8.50% p.a.	5 years	₹205,165	₹2,309,919	₹12,309,919

1 Crore LIC Home Loan EMI for 10 years

The EMI details for 1 Crore LIC home loan emi for 10 years are:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payable
₹1 Crore	8.50% p.a.	10 years	₹123,986	₹4,878,283	₹14,878,283

1 Crore LIC Home Loan EMI for 15 years

With a 15-year tenure, the details for 1 crore LIC home loan EMI are:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payable
₹1 Crore	8.50% p.a.	15 years	₹98,474	₹7,725,312	₹17,725,312

1 Crore LIC Home Loan EMI for 20 years

The EMI details for 1 Crore LIC home loan emi for 20 years are:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payable
₹1 Crore	8.50% p.a.	20 years	₹86,782	₹10,827,758	₹20,827,758

1 Crore LIC Home Loan EMI for 25 years

For the longest tenure of 25 years, here’s the calculation for housing loan EMI for 1 crore:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payable
₹1 Crore	8.50% p.a.	25 years	₹80,523	₹14,156,813	₹24,156,813

1 Crore LIC Home Loan – Fees and Charges

When applying for a ₹1 Crore home loan from LIC Housing Finance, understanding the associated charges helps you plan better and avoid surprises. Here’s a comprehensive breakdown of all the costs you need to know:

Charge Type	Details
Processing Fee	0.25% of the loan amount, capped at ₹15,000 plus applicable taxes
Prepayment Charges (Fixed)	2% fee if repaid using external funds
Late Payment Charges (Up to 12 Months)	1.50% per month on overdue instalments
Late Payment Charges (Beyond 12 Months)	1.75% per month on overdue instalments

1 Crore LIC Home Loan – Documents Required

Having the correct documents ready is crucial for a smooth application process for your ₹1 Crore LIC home loan. Below is a detailed list of the required documents, categorised for clarity:

Document Type	Examples
Identity Proof	Aadhaar Card, PAN Card, Passport, Voter ID
Address Proof	Utility Bills (Electricity, Water, Gas), Aadhaar Card, Passport
Income Proof	Salaried Individuals: Salary slips (last 3 months), Form 16, Bank statements (6 months) Self-Employed Professionals: ITRs (3 years), Bank statements (6 months), Proof of business
Property Documents	Sale Agreement, Title Deed, Encumbrance Certificate
Additional Documents	Passport-size photographs, Filled application form

1 Crore LIC Home Loan – Eligibility Criteria

Understanding the eligibility criteria is key to a hassle-free loan approval process. Here’s a detailed look at the requirements for LIC’s ₹1 Crore home loan:

Eligibility Criteria	Details
Age	Minimum: 21 years at application Maximum: 60 years (salaried) or 65 years (self-employed) at loan maturity
Employment Status	Salaried individuals with stable income Self-employed professionals with consistent earnings NRIs for property purchase in India
Income	Minimum monthly income of ₹25,000 for both salaried and self-employed individuals
Credit Score	A minimum CIBIL score of 600 is generally preferred to demonstrate good creditworthiness
Loan-to-Value (LTV) Ratio	Up to 90% of the property’s value for loans up to ₹30 lakh; lower percentages for higher amounts

Frequently Asked Questions (FAQs)

What is the EMI for a ₹1 Crore home loan for 20 years in LIC?

The EMI for a ₹1 Crore home loan for 20 years at an interest rate of 8.50% per annum is approximately ₹86,782.

Who is eligible for a ₹1 Crore home loan in LIC?

Salaried individuals, self-employed professionals, and NRIs with a stable income, a minimum monthly income of ₹25,000, and a CIBIL score of 600 or above are eligible for a ₹1 Crore home loan in LIC.

What is the monthly interest rate of a ₹1 Crore home loan in LIC?

The monthly interest rate for a ₹1 Crore home loan in LIC is approximately 0.71%, based on an annual rate of 8.50%.

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