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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
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Key Takeaways
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.
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.
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.
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.
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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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
