LOAN/PRIVATE FINANCE Available From Rs 100 Crores to Rs 25,000 Crores With Low Interest Rate, Against Properties Like Commercial Buildings, Shopping Malls, Factories, Warehouses, Star Hotels, Multiplex Theatres, Any Companies, Solar and Power Projects also, With/Without Collateral Property Support.
Besides, can I get 5 crore loan?
The Reserve Bank of India (RBI) has raised the limit of personal loan amount that can be granted by lenders to directors of other banks and their families at not more than ₹5 crore from ₹25 lakh.
In this way, can I get loan of 1.5 crore?
1. SBI allows a minimum loan amount of ₹ 20 lakh and a maximum of ₹ 1.5 crore under its Global Ed-Vantage scheme. 2. The expenses that are eligible for loan amount include college fee, examination fee, travel expenses, purchase of books and equipment, according to the SBI website.
Can I get loan upto 1 crore?
MSME Loans up to 1 crore in 59 minutes. Recently, the Government of India has made an announcement to offer MSME loans up to 1 crore with interest rates starting from 8% within 59 minutes. This historic initiative is aimed at developing the MSME sector and this will improve the credit availability to a greater extent.
Some of the government loans you can avail are:
- Mudra Loan Scheme.
- MSME Business Loans in 59 Minutes.
- The Credit Guarantee Scheme (CGS)
- Stand Up India Scheme.
- Coir Udyami Yojana.
- National Bank for Agriculture and Rural Development (NABARD)
- Credit Link Capital Subsidy Scheme.
- National Small Industries Corporation Subsidy.
For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.
|Net Monthly Income (Rs.)||Home Loan Amount (Rs.)|
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
Net Monthly Income : Your net monthly income should be more than ₹ 25,000. If your net monthly income is between ₹ 25,000 – ₹ 40,000, you may be eligible for a loan if your fixed obligations (rent, EMI) do not exceed 50% of income.
- Agricultural Loans.
- Education Loans.
- Housing Loans.
- Loan Repayment.
- Veterans Loans.
An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.
CIBIL Score is a 3-digit numeric summary of your credit history, rating and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.
Monthly Interest on ₹ 1 Crore Fixed Deposit
|1 Crore FD Interest Per Month||Annual Income on 1 Crore Fixed Deposit||Monthly Interest on 1 Crore FD|
|7%||₹ 7 Lakhs||₹ 58,333|
|6.5%||₹ 6.5 Lakhs||₹ 54,167|
|6%||₹ 6 Lakhs||₹ 50,000|
|5%||₹ 5 Lakhs||₹ 41,667|
Gold Loan Interest Rates Comparison
|Name of the Bank||Interest Rate||Loan Amount|
|Canara Bank Gold Loan||7.35% p.a.||Rs.5,000 to Rs.35 lakh|
|Muthoot Gold Loan||12% p.a. to 26% p.a.||Rs.1,500 onwards|
|SBI Gold Loan||7.00% p.a. onwards||Rs.20,000 to Rs.50 lakh|
|Kotak Mahindra Gold Loan||10.00% p.a. – 17.00% p.a.||Rs.20,000 to Rs.1.5 crore|
Eligibility Criteria for Mudra Loan
The minimum age of the applicant must be 18 years and the maximum Mudra Loan age limit is set to 65 years. Loans can be availed by non-farm income-generating businesses in trading, manufacturing and services. The requirement of credit must be ₹ 10 Lakh or lower.