Abstract This research examines the multifaceted impacts of housing loans offered by the Life Insurance Corporation of India (LIC) to salaried individuals in 2025. Through mixed-methods analysis of 500 borrowers and qualitative interviews, the study evaluates economic, social, and psychological effects of LIC housing loans. Findings reveal that while these loans facilitate crucial asset creation and homeownership, they also create significant financial stress, particularly when EMI-to-income ratios exceed 35%. The research provides insights into borrower experiences, challenges, and recommendations for stakeholders in India's housing finance sector.
Prakash et al. (Sat,) studied this question.