LIC Housing Home Loan EMI Calculator

Understanding Home Loan EMI

At the core of a home loan is the Equated Monthly Instalment (EMI). This regular payment, made by the borrower to the lender, includes two main components: the principal amount and the interest. Initially, the interest constitutes the majority of the EMI, but over the loan tenure, the principal gradually becomes more significant.

The Utility of the LIC Housing Home Loan EMI Calculator

Manual EMI calculations can be complex and error-prone, especially for novices in financial management. The LIC Housing Home Loan EMI Calculator offers a user-friendly and precise way to calculate EMIs, saving time and minimizing errors.

Formula for EMI Calculation

The LIC Housing Home Loan EMI Calculator employs a specific formula for accurate results:

E = [P x R x (1+R) ^N] / [(1+R) ^N-1]

E = EMI amount
P = Principal amount
R = Rate of interest
N = Loan tenure

Example Using the Home Loan EMI Calculator

Consider a scenario where a borrower takes a home loan of Rs. 75 Lakhs for 18 years at an 10.5% interest rate. The LIC Housing Home Loan EMI Calculator efficiently calculates the EMI as Rs.77,417 illustrating its effectiveness in simplifying complex financial calculations.

How to Use the LIC Housing Home Loan EMI Calculator

The process is straightforward:

  1. Input Data: Enter the loan amount, interest rate, and tenure.
  2. Calculation: The calculator uses the formula for computation.
  3. Results Display: Shows the EMI amount promptly.
  4. Variations: Adjust inputs to explore different loan scenarios.

Benefits of the LIC Home Loan EMI Calculator

  • Ease of Use: Intuitively designed for effortless operation.
  • Cost-Free: Accessible to users at no charge.
  • Versatile: Suitable for various loan conditions.
  • Quick and Accurate: Essential for reliable financial planning.

Visit the official LIC Housing website.


The LIC Home Loan EMI Calculator is an essential instrument for individuals looking to manage their home loan obligations, offering an easy, precise, and cost-free method to understand and organize home loan commitments.


What is EMI?

EMI, or Equated Monthly Instalment, refers to the fixed payment amount that a borrower is required to pay to the lender each month until the loan period concludes.

How to Calculate EMI

To calculate EMI, various factors including the principal amount, interest rate, and loan duration are considered. The EMI is derived using a specific mathematical formula that takes all these elements into account.

Does the EMI amount remain fixed?

The EMI amount remains constant if the home loan is obtained at a fixed interest rate. However, for loans with a floating interest rate, the EMI can fluctuate over the loan tenure. Regardless of the interest type, making partial prepayments can result in lower EMI amounts.

Why use the online EMI calculator?

Utilizing an online EMI calculator is beneficial as it offers precise estimations of your monthly payments swiftly, thereby saving you valuable time in financial planning.

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