Quick Answer: How Much Loan Can I Get If My Salary Is 24000?

What is the EMI for 15 lakh home loan?

What is home loan EMI?Loan AmountTenure10 Years15 YearsRs.

30 LakhRs.

35,611Rs.

27,810Rs.

40 LakhRs.

47,481Rs.

37,080Rs.

50 LakhRs.

59,351Rs.

46,3511 more row.

How is loan amount calculated?

Divide your interest rate by the number of payments you’ll make in the year (interest rates are expressed annually). So, for example, if you’re making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

How much home loan can I get on 55000 salary?

If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule. Assuming, you take the Home Loan for a period of 20 years, as is the usual benchmark, at the rate of 10% per annum, a loan amount of Rs.

How can I check my SBI loan eligibility?

SBI Smart Home Top Up Loan EligibilityResident Type: Resident Indian & NRI.Minimum Age: 18 years.Maximum Age: 70 years.CIBIL Score: 550 or above.Satisfactory repayment track record of 1 year or more, after completion of moratorium.No other Home Top-up or Insta Home Top-up loans should be active.

How much home loan I can get if my salary is 20000?

Salary / Income per MonthSalary / Income per MonthSBI Home Loan EligibilityLIC Home Loan Eligibility20000120000011000002500014000001200000300001700000150000035000200000018000002 more rows

What is the EMI for 10 lakhs personal loan?

Personal Loan EMI Calculator:PERIODRATE OF INTERESTCALCULATED EMI24 months15%48,487/-32 months11.99%36,666/-48 months20%30,430/-

How can I get a 20000 loan?

How to get a $20,000 personal loanCheck your credit score and report. If you have a FICO credit score of 670 or higher, you may have a good shot at a loan with favorable rates and terms. … Learn how to get preapproved for a loan. … Consider your own bank or credit union. … Look into alternatives. … Get your paperwork together and apply. … The bottom line.

How much home loan can I get on 80000 salary?

For the couple making $80,000 per year, the Rule of 28 limits their monthly mortgage payments to $1,866. Ideally, you have a down payment of at least 10 percent, and up to 20 percent, of your future home’s purchase price.

Can I get home loan with 15000 salary?

How much loan amount you can get at 15000 per month income so here’s the complete list of banks with minimum loan amount, maximum loan amount….Home Loan Interest Rates Nov 2020.SBI6.95 – 7.70%LIC Housing Finance6.90 – 7.30%DHFL Housing8.70%Axis Bank7.75 – 8.40%Bank of Baroda6.85 – 7.85%4 more rows

How can I get 6 lakh loan?

6 lakh Personal Loan, follow these simple steps mentioned below:Enter your employment, financial, and personal information.Select the loan amount and repayment tenor to avail the funding rapidly.Submit the required documents with our representative, who will get in touch with you.More items…

What will be the EMI for 10 lakhs home loan?

Check EMI Calculation for 10 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 10 Lakh home loan amount per month?…EMI Calculation for 10 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month10 YearsRs.1213015 YearsRs.956020 YearsRs.836025 YearsRs.77202 more rows

Can I get 20 lakh loan?

Check the loan amount you are qualified for against your income and other factors with the help of a personal loan eligibility calculator….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsCIBIL score750 and above3 more rows

How much loan can I get based on my salary?

The loan amount you can avail depends on criteria like your credit score, salary, age, location, current obligations, etc. Lenders usually offer a home loan that is 60 times your salary….How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.25,000Rs.18,64,338Rs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,6761 more row

Can I get a loan of 1 lakh?

1 lakh personal loan from Bajaj Finserv. Enjoy instant approval and disbursal within only 24 hours, hassle-free application process and easy to meet eligibility criteria for instant financing. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

How can I get 2 lakh loan?

2 lakh cash loan from Bajaj Finserv.Instant approval. Meet the basic eligibility criteria to avail this short-term loan. … Loan disbursed within only 24 hours. … Simple documentation. … Up to 45% less EMIs. … Pre-approved offers. … Zero hidden charges. … Flexible repayment tenor. … Collateral free credit.More items…

What is the EMI for 25 lakhs home loan?

Current EMI for ₹ 25 lakhs loan is ₹ 16,381 and EMI for ₹ 30 lakh loan is ₹ 19,658 for a 30 year loan at the minimum interest rate.

Which bank is best for property loan?

Loan Against Property Interest rates offered by Top Financial LendersLender’s NameInterest RateHDFC Bank9.90% – 12.40% p.a.Bajaj Finserv10.10% – 11.50% p.a. (For salaried individuals) 10.50% to 14.50% p.a. (For self-employed individuals)ICICI Bank9.80% – 11.90% p.a.State Bank of India9.90% – 11.45% p.a.1 more row

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

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

If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary.

How much loan can I get if my salary is 28000?

Below the eligible loan amount is given if your salary is 28000 per month….For 28000 Salary Per Month Check Loan Eligibility.Personal Loan8 lakhHome Loan20 lakhCar Loan9 lakhTwo Wheeler Loan7 lakhCredit CardCredit limit is totally based on eligibilitySep 25, 2018

What is the eligibility for personal loan?

✅What should be the minimum and maximum age to get personal loan? The minimum age limit to apply for a loan should be 21 years. Maximum age can go up to 60 years (salaried employees) and 65 years (self employed professionals) at the time of loan maturity. However, age varies from bank to bank.