How much loan I can get if my salary is 12000?

Salary of 12000, Am I eligible for Loan? Check here online

Product Salary Min. loan amount
Personal Loan 12000 40000
Home Loan 12000 300000
Car Loan 12000 150000
Credit Card 12000

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Accordingly, how do you calculate loans?

Here’s how you would calculate loan interest payments.

1. Divide the interest rate you’re being charged by the number of payments you’ll make each year, usually 12 months.
2. Multiply that figure by the initial balance of your loan, which should start at the full amount you borrowed.
Just so, how much home loan can I get on 80000 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.)
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

Thereof, how much is a 5000 loan per month?

In another scenario, the \$10,000 loan balance and five-year loan term stay the same, but the APR is adjusted, resulting in a change in the monthly loan payment amount.

Your payments on a \$5,000 personal loan
Monthly payments \$156 \$101
Interest paid \$610 \$1,030

How much 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 loan can I get if my salary is 5000?

Fixed Obligation Income Ratio

Salary Figure Existing EMI of Rs. 3000 Existing EMI of Rs. 5000
Rs. 20000 Rs. 4.08 lakhs Rs. 3.60 lakhs
Rs. 30000 Rs. 7.70 lakhs Rs. 6.00 lakhs
Rs. 40000 Rs. 8.88 lakhs Rs. 8.40 lakhs
Rs. 50000 Rs. 11.28 lakhs Rs. 10.80 lakhs

How much loan can I get on 18000 salary?

With a salary of ₹ 18,000, the maximum amount he is eligible for is ₹ 3.75 Lakh. The interest he has to pay for this amount for 60 months is 10.70%.

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 my salary of 15000?

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.

How much personal loan can I get if my salary is 13000?

Salary of 13000, Am I eligible for Loan? Check here online

Product Salary Min. loan amount
Personal Loan 13000 45000
Home Loan 13000 300000
Car Loan 13000 100000
Credit Card 13000

How much personal loan can I get on my salary?

However, 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.