2 Crore LIC Home Loan

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A LIC ₹2 crore home loan EMI option is an excellent way to plan for premium properties without immediate financial stress. With a loan amount of ₹2 crore home loan EMI for 20 years with LIC, you can benefit from flexible repayment terms and competitive interest rates. The process is simple and transparent, allowing you to confidently invest in a high-value property. Choose a tenure that fits well with your financial goals and enjoy easy purchase.

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Table of Content

1. 2 Crore Home Loan LIC Highlights

2. 2 Crore Home Loan EMI for 5 Years LIC

3. 2 Crore Home Loan EMI for 10 Years LIC

4. 2 Crore Home Loan EMI for 15 Years LIC

5. 2 Crore Home Loan EMI for 20 Years LIC

6. 2 Crore Home Loan EMI for 25 Years LIC

7. 2 Crore LIC Home Loan Fees and Charges

8. 2 Crore LIC Home Loan Documents Required

9. 2 Crore LIC Home Loan Eligibility Criteria

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Rishabh Baisoy

With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.

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.

₹2 Crore Home Loan LIC – Highlights

Here are LIC’s home loan interest rates for ₹2 crores, along with highlights:

Key Highlights	Details
Loan Amount	₹2 Crores
Interest Rate	Starts from 8.50 % p.a.
Eligibility	Minimum of 25,000 monthly income
KYC Documents	PAN Card Aadhaar Card Proof of Residence Passport (mandatory for NRIs)

₹2 Crore Home Loan EMI for 5 Years LIC

LIC’s housing loan EMI for ₹2 crores for 5 years is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹2 Crore	8.50% p.a.	5 years	₹4,10,331	₹46,19,838	₹2,46,19,838

₹2 Crore Home Loan EMI for 10 Years LIC

Below is the amount for a ₹2 crore home loan EMI for 10 years from LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹2 Crore	8.50% p.a.	10 years	₹2,47,971	₹97,56,565	₹2,47,971

₹2 Crore Home Loan EMI for 15 Years LIC

For a ₹2 crore home loan, the EMI amount for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹2 Crore	8.50% p.a.	15 years	₹1,96,948	₹1,54,50,624	₹3,54,50,624

₹2 Crore Home Loan EMI for 20 Years LIC

Below mentioned is the ₹2 crore home loan EMI for 20 years from LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹2 Crore	8.50% p.a.	20 years	₹1,73,565	₹2,16,55,515	₹4,16,55,515

₹2 Crore Home Loan EMI for 25 Years LIC

LIC’s home loan of ₹2 crores EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹2 Crore	8.50% p.a.	25 years	₹1,61,045	₹2,83,13,625	₹4,83,13,625

₹2 Crore LIC Home Loan – Fees and Charges

The fees and charges for LIC’s ₹2 crore home loan are:

Charge Type	Description
Processing Fee	0.25% of the loan amount
Prepayment Charges (Floating Rate Loans)	No charges
Prepayment Charges (Fixed Rate Loans)	2% fee if repaid through other sources
Penal Charges (Up to 12 Months)	1.50% per month for overdue instalments
Penal Charges (Beyond 12 Months)	1.75% per month for overdue instalments
Document Retrieval Fee	₹2,500
Provision of Document List	₹500
Photocopies of Title Documents	₹1,000
Cheque Bounce Fee	₹350 per instance
ECS/NACH Dishonour Fee	₹200 per occurrence

₹2 Crore LIC Home Loan – Documents Required

The required documents for KYC include:

Category	Required Documents	Details	Applicable To
Identity and Address	PAN Card Aadhaar Card Proof of Residence Passport (mandatory for NRIs)	Valid government-issued documents for identity verification and address proof.	All Applicants (NRIs must include Passport)
Income Proof	For Salaried Individuals: Recent salary slips Form 16 Bank statements (6-12 months) For Self-Employed/Professionals: ITRs (last 3 years) Financial records (last 3 years) Bank statements (6-12 months)	Salaried individuals must demonstrate income stability. Self-employed professionals provide proof of business income and financial stability.	Salaried Employees and Self-Employed Professionals
Property Documents	Ownership title documents Allotment letter (for flats) Property tax receipts	These documents confirm ownership, compliance, and property-related financial commitments.	If Property is Identified

₹2 Crore LIC Home Loan – Eligibility Criteria

Applicants must meet specific criteria to be eligible for a ₹2 crore LIC home loan. It includes –

The minimum age required at the time of application is 21 years. The maximum age is 60 for salaried individuals and 65 for self-employed applicants at loan maturity.
Salaried individuals should have stable employment with a consistent income.
Self-employed professionals must demonstrate a reliable and steady income source.
Non-resident Indians (NRIs) are also eligible for loans to purchase or construct residential properties in India.
A minimum monthly income of ₹25,000 is required for both salaried and self-employed applicants.
A CIBIL score of at least 600 is typically needed to ensure creditworthiness.
For loans up to ₹30 lakh, LIC Housing Finance offers financing up to 90% of the property’s value, making it easier for applicants to secure the required funds.

Frequently Asked Questions (FAQs)

What is the EMI for a ₹2 crore home loan for 20 years in the LIC?

The EMI for a ₹2 crore home loan at an interest rate of 8.40% for 20 years is approximately ₹1,72,300.

Who is eligible for a ₹2 crore home loan in the LIC?

Applicants aged 21-60 years (salaried) or 21-65 years (self-employed) with a minimum monthly income of ₹25,000 and a CIBIL score of 600 or above are eligible for a ₹2 crore home loan in the LIC.

What is the monthly interest rate of a ₹2 crore home loan in LIC?

The monthly interest rate of a ₹2 crore home loan in LIC is approximately 0.70%.

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