Use LIC Home Loan Calculator To Resolve Your Loan Queries Owning a house is a big deal and LIC knows it that’s why it provides you home loan calculators to deal with the loan problems. Some of the prominent questions every individual ask for the LIC home loans are how much they can borrow? And how to repay the loan amount? Don’t worry because LIC brings the online calculator device that will estimate your loan installments and eligibility. Read the given article to know about the benefits of LIC home loan calculator in your loan process. Types of LIC home loan calculators for the customers LIC home loan EMI Calculator: You must want to know the equated monthly installments (EMIs) of your borrowed loan amount, and you can find it using the EMI calculator. This online tool takes into account your loan details like Principal amount (P), loan tenure (N) and interest rate to calculate EMI using the formula [P x R x (1+R)^N]/[(1+R)^N-1]. To use this LIC home loan EMI calculator you can visit the official website of LIC Housing Finance Limited. LIC Home Loan Eligibility Calculator: You can also determine your loan eligibility using the LIC home loan eligibility calculator. As you just need to visit the LIC website and click on the eligibility calculator button. After that enter your monthly income and spends to know the amount you can borrow from LIC Housing Finance Limited. If you have an existing EMI then enter the interest rate, loan tenure, and total EMIs to know your borrowed amount. What benefits you will get if you use the LIC home loan calculators? You can easily manage the loan repayment by using the LIC home loan EMI calculator and also borrow a suitable loan amount using the LIC home loan eligibility Calculator. Apart from all these benefits, it can also make your loan process easier by giving you an approx. calculation of the borrowed amount and loan EMI which helps in speeding up the loan sanction process. On the other hand, if you don’t use the LIC home loan calculator then you might get high-interest rates on your loan amount or whether your loan application might get rejected. So, make a smart decision and before applying for LIC home loan use the loan calculators for assistance. Apply for LIC home loan via online service for an easy application process LIC home loans can be applied through offline and online both the reason is just that you will get more useful services if you use the online application method. Because in this digital era everyone is stuck to their smartphones, desktop and other gadgets that’s why the LIC home loan process becomes smarter. You can visit the LIC housing Finance Limited website and choose the appropriate home loan scheme according to your need. After that, know your eligible loan amount using LIC home loan eligibility calculator. Then know your EMIs using LIC home
loan EMI calculator and apply for the loan by submitting income proof, address proof and ID proof for the loan approval. Now, financing the house or property becomes easier with LIC home loan calculator and online services.