25 Lakh LIC Home Loan

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Owning your dream property is now easy and within reach. LIC's ₹25 lakh home loan offers you the financial support you need to make your homeownership goals a reality. Here, you will witness a hassle-free process, impressive interest rates, and customised repayment plans. You can now easily plan your LIC home loan ₹25 lakh EMI and enjoy an easy repayment plan.

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Table of Content

1. 25 Lakh Home Loan LIC Highlights

2. 25 Lakh Home Loan EMI for 5 Years LIC

3. 25 Lakh Home Loan EMI for 10 Years LIC

4. 25 Lakh Home Loan EMI for 15 Years LIC

5. 25 Lakh Home Loan EMI for 20 Years LIC

6. 25 Lakh Home Loan EMI for 25 Years LIC

7. 25 Lakh LIC Home Loan Fees and Charges

8. 25 Lakh LIC Home Loan Documents Required

9. 25 Lakh LIC Home Loan Eligibility Criteria

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Rishabh Baisoy

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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.

₹25 Lakh Home Loan LIC – Highlights

Here are LIC’s home loan interest rates for ₹25 lakhs, along with highlights:

Key Highlights	Details
Loan Amount	₹25 Lakhs
Interest Rate	Starts from 8.50% p.a.
Repayment Tenure	Up to 30 years for salaried individuals Up to 25 years for self-employed individuals
Processing Fee	0.25% of the loan amount, subject to a maximum of ₹15,000 plus applicable taxes

₹25 Lakh Home Loan EMI for 5 Years LIC

LIC’s housing loan EMI for ₹25 lakhs for 5 years is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹25 Lakhs	8.50% p.a.	5 years	₹51,291	₹5,77,480	₹30,77,480

₹25 Lakh Home Loan EMI for 10 Years LIC

Here are the details about a ₹25 lakh home loan EMI for 10 years from LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹25 Lakhs	8.50% p.a.	10 years	₹30,996	₹12,19,571	₹37,19,571

₹25 Lakh Home Loan EMI for 15 Years LIC

The following is the 15-year EMI amount for a home loan of ₹25 lakh:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹25 Lakhs	8.50% p.a.	15 years	₹24,618	₹19,31,328	₹44,31,328

₹25 Lakh Home Loan EMI for 20 Years LIC

Below is the ₹25 lakh home loan EMI for 20 years from LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹25 Lakhs	8.50% p.a.	20 years	₹21,696	₹27,06,939	₹52,06,939

₹25 Lakh Home Loan EMI for 25 Years LIC

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

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹25 Lakhs	8.50% p.a.	25 years	₹20,131	₹35,39,203	₹60,39,203

₹25 Lakh LIC Home Loan – Fees and Charges

When applying for LIC’s ₹25 lakh home loan, the following fees and charges are applicable:

Processing Fee: Amount: 0.25% of the loan amount or ₹15,000 (whichever is higher) plus applicable Goods and Services Tax (GST).
Mortgage Guarantee Fee (if applicable): A one-time mortgage guarantee fee is charged for certain loan products, such as the Griha Suvidha Home Loan. The fee varies based on the loan amount and Loan-to-Value (LTV) ratio. For a loan amount between ₹25 Lakh with an LTV of up to 65%, the fee is 0.90% of the loan amount for salaried individuals.
Prepayment Charges: LIC HFL does not levy a prepayment penalty on floating-interest rate home loans. Prepayment charges may apply for fixed-rate loans as per the terms agreed upon in the loan agreement.
Other Charges: Depending on the specific loan product and terms, additional charges may include legal fees, technical evaluation charges, and administrative fees. These charges are communicated during the loan processing stage.

₹25 Lakh LIC Home Loan – Documents Required

The following are the required documents for LIC’s ₹25 lakh home loan:

Document Type	Required Documents
Know Your Customer (KYC)	PAN Card Aadhaar Card Proof of Residence Passport (mandatory for NRIs)
Income Proof	For Salaried Individuals: Latest salary slips Form 16 Bank statements (last 6-12 months) For Self-Employed or Professionals: Income Tax Returns (ITR) (last 3 years) Financial statements (last 3 years) Bank statements (last 6-12 months)
Property Documents	Proof of ownership of the property Allotment letter from builder or society (for flats) Up-to-date tax-paid receipts

₹25 Lakh LIC Home Loan – Eligibility Criteria

The following are the eligibility criteria for LIC’s ₹25 lakh home loan:

Age:

Minimum: 21 years at the time of loan application.
Maximum: 60 years for salaried individuals and 65 years for self-employed individuals at the time of loan maturity.

Employment Status:

Salaried Individuals: Must be employed with a stable income.
Self-Employed Professionals: Should have a consistent and reliable income source.
Non-Resident Indians (NRIs): Eligible for home loans to purchase or construct residential property in India.

Income: Minimum Monthly Income should be ₹25,000 for salaried and self-employed individuals.
Credit Score: A CIBIL score of 650 or above is generally required.
Loan-to-Value (LTV) Ratio: LIC HFL finances up to 90% of the property’s value for loans up to ₹30 lakh.

Frequently Asked Questions (FAQs)

What is the EMI for a ₹25 lakh home loan for 20 years in the LIC?

Assuming an interest rate of 8.50% per annum, the estimated EMI for a ₹25 lakh home loan over 20 years is approximately ₹21,696.

Who is eligible for a ₹25 Lakh home loan in the LIC?

Eligible candidates include salaried workers, independent contractors, and professionals aged 21 to 65 earning at least ₹25,000 per month.

What is the monthly interest rate of a ₹25 lakh home loan in LIC?

Based on an annual rate of 8.50%, the monthly interest rate for a ₹25 lakh home loan in LIC is roughly 0.70%.

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