50 Lakh LIC Home Loan

Home Loan By Profession
Home Loan By Property
Home Loan By Other
Home Loan By Amount

When planning for a larger home investment, LIC’s ₹50 lakh home loan can offer the support you need with flexible EMIs and competitive interest rates. Designed to balance affordability with convenience, this loan amount provides options to customise your repayment term over 10, 15, or even up to 30 years. In this guide, we’ll dive into the details of an LIC housing loan for ₹50 lakh, from EMIs and interest rates to eligibility and fees, helping you make an informed choice for your dream property.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 50 Lakh LIC Home Loan Highlights

2. 50 Lakh LIC Home Loan EMI for 5 years

3. 50 Lakh LIC Home Loan EMI for 10 years

4. 50 Lakh LIC Home Loan EMI for 15 years

5. 50 Lakh LIC Home Loan EMI for 20 years

6. 50 Lakh LIC Home Loan EMI for 25 years

7. 50 Lakh LIC Home Loan Fees and Charges

8. 50 Lakh LIC Home Loan Documents Required

9. 50 Lakh 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.

50 Lakh LIC Home Loan – Highlights

This table outlines the main features of the ₹50 lakh LIC home loan, including interest rates, tenure, and other key details.

Feature	Details
Loan Amount	Up to ₹50 lakh
Interest Rate	Starts at 8.50% per annum, tailored to keep EMIs affordable
Repayment Tenure	Flexible options ranging from 5 to 30 years, letting you pick a term that fits your finances
Processing Fee	0.25% of the loan amount, with a minimum of ₹5,000 and a cap of ₹50,000 plus GST
Prepayment	There are no charges for prepayment on floating-rate loans, allowing you to clear the loan faster
Available For	Home Purchase Renovation New Construction

50 Lakh LIC Home Loan EMI for 5 years

For a ₹50 lakh LIC home loan, here is the EMI breakdown for a 5-year repayment term.

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI Amount	Total Interest Payable	Total Amount Payment
₹50 Lakhs	8.50% p.a.	5 years	₹ 102,583	₹1,154,959	₹6,154,959

50 Lakh LIC Home Loan EMI for 10 years

This table shows the estimated EMI if you choose a 50 lakh LIC home loan plan with a 10-year term.

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI Amount	Total Interest Payable	Total Amount Payment
₹50 Lakhs	8.50% p.a.	10 years	₹61,993	₹2,439,141	₹7,439,141

50 Lakh LIC Home Loan EMI for 15 years

Review the EMI details for a ₹50 lakh home loan with LIC, which is set over a 15-year repayment period.

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI Amount	Total Interest Payable	Total Amount Payment
₹50 Lakhs	8.50% p.a.	15 years	₹49,237	₹3,862,656	₹8,862,656

50 Lakh LIC Home Loan EMI for 20 years

This table provides the monthly EMI and total repayment details for a 20-year tenure on a ₹50 lakh LIC home loan.

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI Amount	Total Interest Payable	Total Amount Payment
₹50 Lakhs	8.50% p.a.	20 years	₹43,391	₹ 5,413,879	₹10,413,879

50 Lakh LIC Home Loan EMI for 25 years

Explore the 25-year EMI structure for a ₹50 lakh home loan with LIC, balancing affordability and long-term planning.

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI Amount	Total Interest Payable	Total Amount Payment
₹50 Lakhs	8.50% p.a.	25 years	₹40,261	₹ 7,078,406	₹12,078,406

50 Lakh LIC Home Loan – Fees and Charges

Let’s understand the interest rates for a ₹50 lakh LIC home loan based on the borrower’s CIBIL score and occupation type.

Interest Rates Based on CIBIL Score and Occupation Type:

CIBIL Score	Salaried & Professional	Non-Salaried & Non-Professional
≥ 800	8.50%	8.75%
775 – 799	8.60%	8.85%
750 – 774	8.65%	8.90%
700-724	8.90%	9.15%

Additional Fees and Charges:

Charge Type	Details
Processing Fee	0.25% of the loan amount, capped at ₹50,000 + GST
Prepayment Charges	Nil for floating-rate loans; 2% fee on fixed-rate loans if prepaid through external funds
Penal Charges	1.50% per month on overdue EMIs (up to 12 months); 1.75% beyond 12 months
Document Retrieval	₹2,500
Document List Provision	₹500
Photocopy of Title Documents	₹1,000
Cheque Bounce Charges	₹350 per instance
ECS/NACH Dishonour Charges	₹200 per instance

50 Lakh LIC Home Loan – Documents Required

To streamline your application for a ₹50 lakh LIC home loan, ensure you have these essential documents ready:

Identity Proof: Government-issued documents like PAN card, Aadhaar card, passport, or voter ID.
Address Proof: Recent utility bills, rental agreements, or passport copies to confirm your residential address.
Income Proof:

- For Salaried Applicants: Salary slips, Form 16, and last 6-12 months of bank statements.
- For Self-Employed Applicants: Last three years’ income tax returns and CA-certified financial statements.

Property Documents: Title deed, sale agreement, and other property-related papers needed for verification.

50 Lakh LIC Home Loan – Eligibility Criteria

To qualify for a ₹50 lakh LIC home loan eligibility, applicants should meet the following criteria:

- Age: Minimum of 21 years at the time of application.
- Income: Stable and sufficient income to support loan repayment.

Employment:

- Salaried Individuals: At least two years in the current job.
- Self-Employed Individuals: Minimum of three years in the current business or profession.
Credit Score: A good credit history, preferably with a CIBIL score of 750 or above.
Property: The property should have a clear title and be approved by LIC Housing Finance.

Frequently Asked Questions (FAQs)

What is the EMI for a ₹50 Lakh Home Loan for 20 years with LIC?

For a 20-year tenure at an 8.50% interest rate, the approximate EMI for a ₹50 lakh loan would be ₹43,391.

Who is eligible for a ₹50 Lakh Home Loan with LIC?

Applicants for a ₹50 lakh LIC home loan must be at least 21 years old, have a stable income, and have a good credit score (ideally 750+). Salaried individuals need two years of employment, while self-employed applicants should have three years in business. The property must have a clear title approved by LIC.

What is the monthly interest rate for a ₹50 Lakh Home Loan with LIC?

LIC Housing Finance offers home loans with interest rates starting from 8.50% annually. This translates to a monthly interest rate of approximately 0.708%. The exact rate may vary based on the applicant's credit profile, loan tenure, and prevailing market conditions.

Quick Links

Home Loan by Nationalized Bank

Home Loan Calculators

Lic Housing Finance Calculators

LIC Housing Finance Home Loan EMI Calculator