LIC Personal Loan EMI Calculator: Calculate EMI Instantly

Key Takeaways 

• You can quickly find out your monthly EMI based on your policy value with the LIC personal loan calculator. It helps you plan your repayments easily, without having to use other tools like the SBI personal loan EMI calculator.
   
• You can adjust the loan tenure to choose an EMI that fits your monthly income.
   
• Check your EMIs in advance while applying for a loan against your LIC policy. It saves you from repayment confusion later.

Policy ke against loan lene se pehle EMI kitni hogi? The LIC Personal Loan EMI Calculator helps answer this question before taking a loan. It allows you to plan your monthly expenses without assuming future repayments.

The EMI calculator is an online tool available on the official LIC website under loan services. Enter the loan amount, select the repayment tenure, and check the applicable interest rate to use it. The loan on LIC policy calculator shows your monthly EMI to understand how much you need to pay every month and plan your repayments.

When I planned a loan of ₹2,00,000 for 36 months, the EMI appeared immediately. This helped me understand how to calculate EMI for personal loan amounts and choose a repayment period that fits my monthly income.

LIC Personal Loan EMI Examples

1. Loan Against Policy Instead of Surrender

A policyholder shared a situation where they were confused between surrendering an LIC endowment policy or taking a loan against it.

A user with an LIC endowment policy had already paid premiums for several years. Instead of surrendering the policy and losing value, the user checked the LIC Personal Loan EMI Calculator to plan a loan.
 

The calculator showed an EMI that could be managed within a salaried income for a loan amount of ₹2,50,000 over 36 months. This helped the user continue the policy while meeting immediate expenses.

2. LIC Policy Loan for Emergency Needs

A discussion highlighted the use of LIC policy loans during urgent situations instead of taking high-interest unsecured personal loans.

A user needed urgent funds for a medical expense and did not want to apply for a bank personal loan. The user used the LIC Personal Loan EMI Calculator to check repayment for a ₹1,80,000 loan over 24 months.
 

The EMI shown by the calculator fit within the monthly income, which helped the user proceed with the policy loan confidently.

3. Policy Loan Used for Business Cash Flow

A small business owner required working capital for inventory. The user checked the LIC Personal Loan EMI Calculator instead of surrendering the policy or taking a high interest loan. 

The idea was to use a loan against the LIC policy to meet short-term money needs. This helped avoid unsecured loans that come with much higher interest rates.
 

The EMI was lower than typical unsecured loan EMIs for a loan of ₹4,00,000 over 48 months. This makes repayment easier during slow business months.

These examples show how real policyholders benefit by checking their EMIs before borrowing against their LIC policies, helping them plan repayments and avoid surrendering their policy at a loss.

Benefits of Using the LIC Personal Loan EMI Calculator 

The LIC Personal Loan EMI Calculator helped me understand my loan better before applying. Here are three situations from my own experience where the calculator made loan planning easy and clear:

1. Monthly Budget Planning with LIC EMI Calculator

I once planned a loan of ₹3,00,000 against my LIC policy for family expenses. 

When I checked the EMI, a 36-month tenure showed an EMI of around ₹9,800. When I increased the tenure to 48 months, the EMI reduced to nearly ₹7,600. 

This difference helped me decide on a tenure that fit my monthly income and allowed me to manage rent, groceries, and savings smoothly.

2. Loan Tenures comparison using LIC EMI Calculator

At another time, I needed ₹2,00,000 urgently. 

I was confused between a 24-month and a 36-month repayment period. The calculator showed an EMI of about ₹9,400 for 24 months and nearly ₹6,800 for 36 months. 

Both figures clearly helped me choose the option that suited my regular expenses and avoided monthly pressure.

3.  Long-Term Loan Cost Through EMI Calculation

I also checked higher loan values, like what is the EMI for 5 lakh personal loan, and what is the EMI for 20 lakhs personal loan. These EMI changes helped me understand how tenure and interest affect long-term cost.

Conclusion

You can use the LIC Personal Loan EMI Calculator to check your EMI before taking a loan against your policy. It helps you plan your budget and choose the right tenure. The LIC Personal Loan EMI calculator allows you to take a loan with better clarity and control over your finances.

FAQs Related to LIC Personal Loan EMI Calculator 

1. How does LIC calculate EMI for a personal loan?

LIC calculates EMI based on the loan amount taken against the policy, the applicable interest rate, and the selected repayment tenure. The EMI remains fixed for the chosen period and can be checked using the LIC Personal Loan EMI Calculator.

2. What is the LIC Personal Loan EMI Calculator?

The LIC Personal Loan EMI Calculator is an online tool available on the official LIC website. It shows the monthly EMI in advance and helps policyholders understand loan repayment before applying.

3. How can I use the LIC Personal Loan EMI Calculator?

Enter the loan amount, choose the repayment tenure, and check the applicable interest rate to use the LIC Personal Loan EMI Calculator. The calculator instantly displays the monthly EMI.

4. Why should policyholders check the LIC EMI calculator before applying?

The LIC EMI calculator helps policyholders know their monthly repayment in advance. This makes expense planning easier and reduces the risk of choosing a loan that becomes difficult to repay later.

5. Does the LIC EMI calculator help in choosing the right tenure?

Yes, the LIC EMI calculator allows comparison of different tenures. Policyholders can see how EMI changes and select a repayment period that suits their monthly income.