What is the EMI for 10 lakh loan?

EMI Calculation for 10 Lakh Home Loan amount for Various Tenure Options:

Tenure Options EMI Per Month
5 Years Rs.19707
10 Years Rs.11508
15 Years Rs.8877
20 Years Rs.7633

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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.

Keeping this in consideration, can I get personal loan for 7 years? In Fullerton India, Personal loan with tenure 7 years or more does not exist, since the maximum tenure is up to 5 years. If you are looking for a loan with tenure longer than 5 years, you may have to pledge security such as property or financial assets.

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.

  1. Minimum age of 21 years and maximum age of 65 years.
  2. Applicant should be salaried.
  3. Employed for at least 2 years.
  4. 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).

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 loan will I get on my salary?

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 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 EMI for 10 lakhs in SBI?

SBI Home Loan EMI Calculation

Amount 10 years 30 years
Rs.10 lakh Rs.11,508 Rs.6,519
Rs.20 lakh Rs.23,016 Rs.13,039
Rs.40 lakh Rs.46,032 Rs.26,077
Rs.50 lakh Rs.57,540 Rs.32,596

What is the EMI for personal loan?

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

What is the interest on 10 lakh loan?

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%.

What is the monthly interest on 10 lakhs?

Monthly Payout

Investment amount Monthly interest Cumulative interest for 5 years
1 lakh Rs. 526 Rs. 37,009
5 lakh Rs.2,629 Rs. 185,043
10 lakh Rs.5,258 Rs.3,70,087
15 lakh Rs. 7,887 Rs.5,55,130

Which bank is best for personal loan?

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
Axis Bank 10.49% Rs.4,999

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