3 Crore LIC Home Loan

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A 3 crore LIC Home Loan can help you achieve your homeownership goals. Whether buying a new home, constructing your house, or renovating your existing property, LIC Home Loan offers competitive interest rates, flexible repayment options, and minimal documentation. With interest rates starting at 8.50% per annum for loans up to ₹5 Crore and flexible repayment tenures of up to 30 years, LIC Housing Finance ensures affordability and convenience.

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Table of Content

1. 3 Crore LIC Home Loan Highlights

2. 3 Crore LIC Home Loan EMI for 5 years

3. 3 Crore LIC Home Loan EMI for 10 Years

4. 3 Crore LIC Home Loan EMI for 15 Years

5. 3 Crore LIC Home Loan EMI for 20 Years

6. 3 Crore LIC Home Loan EMI for 25 Years

7. 3 Crore LIC Home Loan EMI for 30 Years

8. 3 Crore LIC Home Loan Fees

9. 3 Crore LIC Home Loan Documents Required

10. 3 Crore LIC Home Loan Eligibility Criteria

Written By

Rahul Gautam

Rahul is a finance writer with a background in Journalism. He specialises in making complex financial topics easy to understand. He writes about credit cards, banking, loans, and financial institutions, helping readers explore the financial world with clarity and confidence. His work is both informative and engaging.

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.

₹3 Crore LIC Home Loan – Highlights

Look at the key highlights for LIC home loan interest rates for ₹3 Crore:

Key Highlights	Details
Loan Amount	₹3 Crore
Interest Rate	8.50% up to ₹5 Cr. and 8.75% more than ₹5 Cr. up to ₹15 Cr.
Loan Tenure	Up to 30 years
Required Loan Statement	12 months

₹3 Crore LIC Home Loan EMI for 5 years

Here’s the breakdown of LIC housing loan EMI for ₹3 Crores:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹3 Crores	8.50% p.a.	5 years	6,15,496	69,29,756	3,69,29,756

₹3 Crore LIC Home Loan EMI for 10 Years

Have a look at the ₹3 Crores home loan EMI for 10 years from the LIC:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹3 Crores	8.50% p.a.	10 years	3,71,957	1,46,34,848	4,46,34,848

₹3 Crore LIC Home Loan EMI for 15 Years

LIC offers a ₹3 Crore home loan with EMI for 15 years. Here is the price breakdown:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹3 Crores	8.50% p.a.	15 years	2,95,422	2,31,75,936	5,31,75,936

₹3 Crore LIC Home Loan EMI for 20 Years

₹3 Crore home loan EMI for 20 years from LIC is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹20 Lakhs	8.50% p.a.	20 years	2,60,347	3,24,83,273	6,24,83,273

₹3 Crore LIC Home Loan EMI for 25 Years

Let’s have a look at an LIC home loan of ₹3 Crores EMI for 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹3 Crores	8.50% p.a.	25 years	2,41,568	4,24,70,438	7,24,70,438

₹3 Crore LIC Home Loan EMI for 30 Years

Let’s have a look at an LIC home loan of ₹3 Crores EMI for 30 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹3 Crores	8.50% p.a.	30 years	2,30,674	5,30,42,656	8,30,42,656

₹3 Crore LIC Home Loan – Fees

LIC Housing Finance offers various home loans with specific charges. These include processing fees, foreclosure charges, and administrative costs, which vary depending on the loan type and amount. Below is a summary of these charges:

Loan Type	Processing Fees
*LIC Griha Suvidha Home Loan*	0.25% of the loan amount + GST
*Home Loans for Pensioners, Renovation, Top-up, and NRIs*	0.25% to 0.50% of the loan amount
*LIC Plot Loan*	Up to 0.50% of the loan amount, depending on terms
*LIC Advantage Plus (Switching Loans)*	Additional processing fees and minor administrative charges may apply

₹3 Crore LIC Home Loan – Documents Required

To apply for an LIC Housing Finance home loan, you must submit specific documents to verify your identity, income, and property ownership. These documents allow LIC Housing Finance to check your eligibility and process your application efficiently. Below is a summarised list of the required documents:

Category	Required Documents
KYC Documents	PAN Card Aadhaar Card Address proof (e.g., utility bill, voter ID) Passport (for NRI applicants)
Property Papers	Allotment letter from the builder or society (for flats) Proof of property ownership Recent property tax receipts
Income Documents	Bank account statements (last 6–12 months) Salary slips and Form 16 (for salaried individuals) Income tax returns (previous 3 years) with financial statements (for self-employed applicants)

3 Crore LIC Home Loan – Eligibility Criteria

Applicants for a 3 Crore LIC Home Loan must meet certain eligibility criteria, including age limits, stable income, and property standards. Here’s a detailed information:

Criteria	Details
Minimum Age	21 years old.
Maximum Age	Repayment by 60 years for salaried individuals and 65 years for self-employed.
Income Requirement	Stable income is necessary.
Work Experience	At least 2 years for salaried individuals; 3 years of business history for self-employed.
Credit Score	A good credit score is required.
Property Standards	Must meet LIC’s legal and technical guidelines.

Frequently Asked Questions (FAQs)

What is the EMI for a 3 Crore Home Loan for 20 years in LIC?

The EMI for a ₹3 Crore Home Loan from LIC, with an interest rate of 8.50% per annum and a tenure of 20 years, would be approximately ₹2,95,422 per month.

Who is eligible for a 3 Crore Home loan in LIC?

Applicants aged 21–60 years (salaried) or 21–65 years (self-employed) with stable income, a good credit score, and at least 2 years of work experience (3 years for business owners) are eligible for a 3 Crore LIC Home loan.

What is the monthly interest rate of a ₹3 Crore home loan in LIC?

The monthly interest rate for a ₹3 Crore LIC Home Loan stands at 0.70%.

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