Canara Consumer Loan Eligibility Criteria
| Criteria | Salaried individual |
|---|---|
| Income | Minimum of Rs.6,000 after payment of installments or EMI should be a maximum of 40% of the gross salary for salaried individuals Non-salaried individuals should have a minimum income of Rs.1.5 lakh per annum as ITR form |
Hereof, can I get personal loan from Canara Bank?
Canara Bank offers personal loans of up to Rs. 3 lakh under the Canara Budget and Canara Teachers Loan schemes. The loans can be availed at interest rates starting at 12.05% p.a. with nominal processing fee. Loan repayment tenure can go up to 5 years.
Beside above, how much loan can I get if my salary is 10000?
Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
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 if my salary is 24000?
With a salary of ₹ 24,000, the maximum amount he is eligible for is ₹ 5.89 Lakh. The interest he has to pay for this amount for 72 months is 9.60%.
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 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 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 |
How much salary is eligible for personal loan?
Banks ask for a minimum income of ₹ 25,000 for a personal loan. However, some banks give loans for a salary less than ₹ 25,000. Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income.
What are the 4 types of loans?
- Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. …
- Credit Card Loans: …
- Home Loans: …
- Car Loans: …
- Two-Wheeler Loans: …
- Small Business Loans: …
- Payday Loans: …
- Cash Advances:
What is Canara Bank credit score?
Here are the commonly used eligibility criteria for Canara bank personal loan: Age between 21 and 60 years. A good credit score – 750 is an ideal credit score accepted by Canara Bank for processing personal loan applications. The minimum score should be 650.
What is the eligibility criteria for personal loan?
Personal Loan Eligibility Criteria for Salaried Applicant
| Eligible Age Group | 21 years to 60 years |
|---|---|
| Minimum Net Monthly Income | Rs. 15,000 |
| Minimum Total Work Experience | 1 year |
| Minimum Work Exp. with current organisation | 6 months |
| Minimum Prior Relationship with lender | 6 months |
What is the minimum salary to get personal loan?
The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).