Question: How Much Home Loan Can I Get On 50000 Salary?

How much home loan can I get on 65000 salary?

SBI Home Loan Eligibility Based on SalaryMonthly IncomeLoan AmountRs.

50,000Rs.33,99,059Rs.

55,000Rs.41,54,405Rs.

60,000Rs.45,32,079Rs.

65,000Rs.49,09,7526 more rows.

How much loan can I get on 50000 salary?

Multiplier MethodSalaryExpected Personal Loan AmountRs. 20,000Rs. 5.40 lakhsRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhs1 more row•Apr 8, 2020

How much home loan can I get on 75000 salary?

Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 85,82,056 to ₹ 1,00,73,178 for same property at same rate depending on your age at the time of loan application.

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

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

Can I buy a house with 60k salary?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000. … Lenders want your principal, interest, taxes and insurance – referred to as PITI – to be 28 percent or less of your gross monthly income.

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 much home loan can I get on 50000 salary Quora?

Simply saying as per RBI guidelines one may get loan upto 60% of gross monthly income as EMI. Going by this if you earn 50k per month you will get loan upto 30k as your EMI. If this EMI is basis for home loansay home loan EMI these days goes in the range of 1000 per 1lack you will get 30 lacs for 30k EMI.

How much loan can I get on 60000 salary?

You can get upto 60% of your monthly take home as EMI. It means at Rs. 60000/pm you can pay up to 36000/pm as EMI so @9.4% for 20 years you can avail Rs. 37-40 lakhs loan.

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

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

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.

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