Average mortgage interest rate by state
|State||15-Year Fixed||5/1 ARM|
Beside this, how much home loan can I get if my salary is 15000?
Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).
Moreover, how much home loan can I get on 50000 salary?
Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh.
|Net Monthly income||Home Loan Amount|
Is a 2.8 interest rate good?
Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
SBI Bank FD Interest Rate 2021
|Tenure||General Public FD Rate||Senior Citizens FD Rate|
|180 – upto 1 yr||4.40%||4.90%|
|1 yr – upto 2 yrs||5.00%||5.50%|
|2 yrs – upto 3 yrs||5.10%||5.60%|
|3 yrs – upto 5 yrs||5.30%||5.80%|
Best banks to get your home loan in 2021
- Union Bank of India.
- Union Bank home loan interest rate.
- Kotak Mahindra Bank.
- Kotak Mahindra home loan interest rate.
- Bank of Baroda.
- Bank of Baroda home loan interest rate.
- Punjab National Bank.
- Punjab National Bank home loan interest rate.