Calculate your exact interest savings, reduced tenure, and part-prepayment amortization for LIC HFL Griha Suvidha & Advantage Home Loans.
Interactive breakdown of balance, interest, and prepayment impact
| Period | EMI Paid | Principal Paid | Extra Prepayment | Interest Paid | Total Payment | Remaining Balance |
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LIC Housing Finance (LICHFL) is among India's largest and most trusted housing finance companies. By utilizing the 1 Extra EMI per year or 5% annual step-up prepayment method, borrowers can save over 40% of their total interest obligations.
No. For individual borrowers with floating interest rate loans, LIC Housing Finance charges 0% prepayment penalty in accordance with NHB and RBI guidelines.
LICHFL customers can make online part prepayments using the LIC HFL Customer Portal (HomY App) through NetBanking, Debit Card, or UPI, or by visiting a local LIC HFL Area Office.
The minimum part prepayment amount accepted by LIC Housing Finance is generally equivalent to 1 EMI or ₹10,000.