GIC Home Loan EMI
- Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to GIC Housing Finance against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
- With GIC Housing Finance offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 982 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by GIC Housing Finance on Home Loan is 10.25%.
- This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.
|Loan Amount (Rs.)||15 years||20 years||30 years|