HDFC Ltd. Home Loan Eligibility Based on Salary
Monthly Income | Loan Amount |
---|---|
Rs. 30,000 | Rs.20,49,802 |
Rs. 35,000 | Rs.23,91,436 |
Rs. 45,000 | Rs.30,74,703 |
Rs. 50,000 | Rs.34,16,337 |
In respect to this, can I buy a house if I make 25k a year?
HUD, nonprofit organizations, and private lenders can provide additional paths to homeownership for people who make less than $25,000 per year with down payment assistance, rent-to-own options, and proprietary loan options.
People also ask, can I buy a house with 50000 salary?
On a $50,000 salary (before tax), you can borrow between $200,000 and $350,000 for the purpose of purchasing a property to live in to be repaid over a 30 years loan term.
How much home loan can I get if my salary is 25000?
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 40000 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 loan can I get if my salary is 17000?
With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
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 40000 salary?
Multiplier Method
Salary | Expected Personal Loan Amount |
---|---|
Rs. 20,000 | Rs. 5.40 lakhs |
Rs. 30,000 | Rs. 8.10 lakhs |
Rs. 40,000 | Rs. 10.80 lakhs |
Rs. 50,000 | Rs. 13.50 lakhs |
What is minimum salary required for home loan?
What is the Minimum Salary for a Home Loan? Your salary should be above Rs. 15,000 per month to qualify for a home loan.
What is the cibil score?
CIBIL Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIBIL Report (also known as CIR i.e Credit Information Report). A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time.
What is the EMI for 10 lakhs home loan for 10 years?
EMI Calculation for a Home Loan of Rs. 10 Lakh with Different Tenors
Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 15 Years |
---|---|---|
Rs. 10,00,000 | 13,215 | 10,746 |
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 25 lakhs home loan for 10 years?
EMI on a 25 lakh home loan for 20 years, 15 years and 10 years
Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 20 Years |
---|---|---|
Rs.25,00,000 | Rs.33,038 | Rs.24,126 |