EMI Calculation for 10 Lakh Home Loan amount for Various Tenure Options:
|Tenure Options||EMI Per Month|
Simply so, can I get 10 lakhs without collateral?
10 lakh, even as a low-income applicant. Thanks to the collateral-free nature, all you have to do is meet the simple criteria and furnish minimal documentation.
In this regard, how can I get 10 lakh loan from Quora?
Maximum-10 lakhs. 2% of outstanding principal. Maximum-20 lakhs. 14% per annum.
- Minimum age of 21 years and maximum age of 65 years.
- Applicant should be salaried.
- Employed for at least 2 years.
- Minimum income 4000-20,000 ( varies according to area higher in cities DELHI, MUMBAI, PUNE ,KOLKATA, H.
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).
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.
For example, if you are wondering how much personal loan can I get on a 30,000 salary. If you have no other EMIs, you can multiply your monthly salary by 27 to get the maximum loan amount you would be eligible for. In this case, it would be ₹8,10,000 with a tenure of 60 months.
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.
SBI Home Loan EMI Calculation
|Amount||10 years||30 years|
Factors Affecting Personal loan EMI
|Loan Tenure||2 years||3 years|
|EMI amount for loan amount ₹ 1 Lakh at 10.25%||₹ 4,626||₹ 3,238|
|Total amount you pay back to the bank including principal and interest||₹ 1.22 Lakh||₹ 1.35 Lakh|
|Interest you have to pay over loan tenure||₹ 22,436||₹ 35,476|
Karur Vysya Bank, PNB and Bank of Maharashtra are the best banks for ₹ 10 Lakh personal loans based on interest rate of 8.70%, 8.90% and 9.45%.
|Investment amount||Monthly interest||Cumulative interest for 5 years|
|1 lakh||Rs. 526||Rs. 37,009|
|5 lakh||Rs.2,629||Rs. 185,043|
|15 lakh||Rs. 7,887||Rs.5,55,130|
5 Best Online Personal Loans in India Dec 2021
|Bank||Interest Rate||Processing Fee|
|ICICI Bank||10.25%||Upto 2.25% of Loan Amount|
|Kotak Bank||10.25%||Starting from Rs.999|
|HDFC Bank||10.25%||Upto 2.50% Min ₹ 999|