How much home loan can I get on 40000 salary in Axis Bank?

Axis Bank Home Loan Eligibility Based on Salary

Monthly Income Loan Amount
Rs.25,000 Rs.15,18,372
Rs.30,000 Rs.20,49,802
Rs.35,000 Rs.23,91,436
Rs.40,000 Rs.27,33,070

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Also question is, can I buy a house with 40k salary?

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. … Furthermore, the lender says the total debt payments each month should not exceed 36%, which comes to $1,200.

Accordingly, can I buy a house with 45K salary? It’s definitely possible to buy a house on $50K a year. For many borrowers, low-down-payment loans and down payment assistance programs are making homeownership more accessible than ever. But everyone’s budget is different.

Moreover, 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.

How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

How much home loan can I get on 42000 salary?

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

How much home loan can I get on 75000 salary?

SBI Home Loan Eligibility Based on Salary

Age Net Monthly Income (₹)
25,000 75,000
40 years 50.63 Lakh 1.01 Cr
45 years 47.47 Lakh 94.94 Lakh
50 years 43.08 Lakh 86.16 Lakh

How much home loan can I get on 90000 salary?

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.)
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

How much loan can I get from Axis?

You can get a Personal Loan from Rs. 50,000 upto Rs. 15,00,000 with minimal documentation and speedy approval from Axis Bank.

How much loan can I get on 35000 salary?

Here taking a salary as ₹ 35k, & without any fixed monthly obligation, you can pay a maximum of ₹ 17,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 20,46,586 using a home loan eligibility calculator (assuming 3 household members).

How much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

What is the eligibility for loan?

Check Personal Loan Eligibility for Top Lenders in 2021

Bank Age Limit Minimum Income (Per Month)
IndusInd 21 to 60 years Rs.25,000
Ujjivan Small Finance 22 to 58 years Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years Rs.35,000
HDBFS 21 to 65 years Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed

What is the EMI for 20 lakhs home loan?

EMIs on a 20 lakh home loan for 30 years

Loan Amount Interest rate EMI
Rs.20 lakh 6.70%* Rs.17,551

What is the EMI for 50 lakhs home loan?

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

What is the minimum cibil score for home loan in Axis Bank?

650

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