Guide to LIC HOME LOAN EMI CALCULATOR:
- Step 1. Feed in the amount of loan you want to borrow in the 'LOAN AMOUNT REQUIRED' section of the calculator.
- Step 2. After that feed the duration for which you want to acquire the loan in 'REPAYMENT TERM REQUIRED' section.
- Step 3. Then enter then rate of interest you opt for to repay the loan in the 'INTEREST RATE' section.
- Step 4. Now click the 'CALCULATE' button and you will get the amount of EMI you will have to cough up to pay off your loan.
If you feel any particular loan scheme is not suitable for you then you can always click the 'RESET' button and enter the desired amount, loan period and rate of interest.
Most often people seeking the home loan are clueless about the intricacies of the home loan sector and thus get confused in picking the right home loan scheme as pre-calculated EMIs are inaccurate and erroneous.