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

What is the minimum salary required for home loan?

₹ 25,000 per monthHousing Loan Eligibility DetailsAge of the Applicant18 to 70 yearsEligible Salary₹ 25,000 per month and aboveWork Experience for Salaried3 years and aboveBusiness Stability for Self Employed5 years and aboveMinimum CIBIL Score6504 more rows.

What is the EMI for 60 lakhs home loan?

60 Lakh at 9% (0.75% per month) rate of interest with tenure of 20 years (240 months). Then, EMI = [60,00,000 x 0.75% x (1+0.75%)^240]/[(1+0.75%)^ (240-1)]….FAQs.LTVProperty value90%Less than Rs. 30 Lakh80%Rs. 30 Lakh to up to Rs. 75 Lakh75%Above Rs. 75 Lakh

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…

How can I check my loan eligibility in HDFC Bank?

Personal Loan Eligibility Criteria You can check your personal eligibility in no time online If you are an existing HDFC Bank account holder, you can check your eligibility for a pre-approved loan via NetBanking. If you are not an existing customer, our processes are transparent, quick and hassle-free.

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

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.

What is the maximum limit of personal loan?

Rs.25 lakhHowever, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.

Which bank is best for home loan?

These 10 banks are offering the lowest home loan interest rates for salaried individuals.BANK NAMERLLRMaximum Interest Rate (%)ICICI Bank6.958.05Indian Bank6.807.40Kotak Mahindra Bank7.408.60Indian Overseas Bank6.857.306 more rows•5 days ago

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

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

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

Can I get 10 lakhs personal loan?

10 Lakh Personal Loan: Features and Benefits. Enjoy instant approval and same-day disbursal on Rs. 10 lakh personal loan from Bajaj Finserv. Simply meet the necessary eligibility criteria to borrow the funds without pledging any collateral.

How much loan can I get if my salary is 23000?

Lenders will assess the personal loan amount according to your monthly salary of INR 23,000. With this income, you can pay an EMI of around 50 percent of your monthly income which is INR 11,500. Based on this, you can get a maximum loan of INR 4 lakh for a period of 5 years at an interest rate of 14 percent per annum.

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.

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 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 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.

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