Question: How Much Home Loan Can I Get On 15000 Salary?

How much home loan can I get on 14000 salary?

Salary of 14000, Am I eligible for Loan.

Check here onlineProductSalaryMax.

loan amountPersonal Loan1400080000Home Loan14000700000Car Loan14000270000Credit Card14000.

What is the EMI for 20 lakhs home loan?

EMI on a 20 lakh home loan for 20 yearsLoan AmountInterest rateEMIRs.20 lakh6.75%*Rs.19,300

What is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 15 YearsRs. 15,00,00019,82316,119

What will be the EMI for 25 lakhs home loan?

Housing Loan EMI are equal monthly installments that you pay to the bank to repay your loan. … EMI for ₹ 16 Lakh home loan is ₹ 14,070 taken for a shorter period of 15 years. Current EMI for ₹ 25 Lakh loan is ₹ 16,049 and EMI for ₹ 30 Lakh loan is ₹ 19,259 for a 30 Years year loan at the minimum interest rate.

How much loan I can get if my salary is 25000?

Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.

What is the EMI for 20 lakhs home loan in SBI?

SBI Home Loan CalculatorLoan Amount10 Year Loan30 Year loan₹ 20 Lakh₹ 22,914₹ 12,906₹ 30 Lakh₹ 34,370₹ 19,358₹ 50 Lakh₹ 57,284₹ 32,264May 21, 2021

How much home loan can I get on 20000 salary?

Salary / Income per MonthSalary / Income per MonthSBI Home Loan EligibilityHDFC Home Loan Eligibility20000120000012000002500014000001350000300001700000160000035000200000019000002 more rows

How is EMI for home loan calculated?

You can calculate your home loan EMI amount with the help of the mathematical formula: EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1], where, P, R, and N are the variables.

What will be the EMI for 50 lakhs?

Details of a 50 Lakh Home Loan EMI Plan For instance, the EMI for 50 lakhs home loan for 20 years at an interest rate of 10% is just Rs. 48,251.

Can I get home loan with 15000 salary?

If you are looking for a home loan at an income of Rs. 15,000, then you should keep in your mind that how much amount you can borrow or eligible to borrow is totally at the banks discretion. … Also, an applicant is eligible for a loan amount of up to 30 times of their monthly income.

What will be the EMI for 10 lakhs home loan?

Banks which are offering 10 Lakh home loan amount at low rate of interest….Emi Calculated on 6.80%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 10 Lakh of loan amountRs.7633Rs.832015Rs.1832015

Do banks give 100 percent home loans?

No, you can’t get a 100% home loan from any lender, be it the bank, housing finance company (HFC). Lenders finance around 75%-90% of the property cost and the remaining 10%-25% to be borne by you.

How is loan amount calculated?

USING MATHEMATICAL FORMULA EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

Can I take 2 home loans?

You may apply for more than one Home Loan, and the amount you spent on legalities may go up, but you are eligible just for a maximum rebate of 1.5 Lakhs. However, you can avail this benefit only after the house in under your possession, and you have not yet initiated the payment of the principal amount to the lender.

How much home loan can I get on 35000 salary?

Understand your salary:Net Monthly Income (₹)Loan Amount (₹)₹ 30,000₹ 17,09,806₹ 35,000₹ 20,46,586₹ 40,000₹ 23,83,366₹ 50,000₹ 30,56,9262 more rows

What is the EMI for 14 lakh?

14 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month5 YearsRs. 2759010 YearsRs. 1611115 YearsRs. 1242820 YearsRs. 106872 more rows•Aug 27, 2013

How much loan I can get if my salary is 12000?

Salary of 12000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1200040000Home Loan12000300000Car Loan12000150000Credit Card12000

How much loan can I get if my salary is 15000?

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000. Those who reside in metro cities like Ahmedabad, Chennai, Bengaluru, Kolkata, Delhi, Pune, Mumbai, and Hyderabad are required to earn at least Rs.

How much home loan can I get on 16000 salary?

The maximum loan amount may range between 8 to 10 times your monthly income. Henceforth, you may become eligible for a maximum loan amount of Rs. 1,60,000 which can be repaid in a tenure that is comfortable to you. In case you are looking for a loan at better terms, you may check your eligibility here.

What is the minimum salary for home loan?

Home Loan Eligibility Criteria Age Limit for Salaried Individuals: 21 to 65 years . Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a.

What car payment can I get on 15000 salary?

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1500040000Home Loan15000300000Car Loan15000100000Credit Card15000

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