Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 3 Lakh | 14.00% | Rs.10253.29 |
| 3 Lakh | 15.00% | Rs.10399.6 |
| 3 Lakh | 16.00% | Rs.10547.11 |
| 3 Lakh | 18.00% | Rs.10845.72 |
In this regard, can I buy house with 10000 salary?
The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000.
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 5 Lakh | 15.00% | Rs.17332.66 |
| 5 Lakh | 16.00% | Rs.17578.52 |
| 5 Lakh | 18.00% | Rs.18076.2 |
| 5 Lakh | 20.00% | Rs.18581.79 |
In this manner, 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 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 40000 salary in HDFC?
40,000, you can avail of a loan amount of Rs. 25.69 lakh at the interest rate of 6.90% for a tenure of 25 years, provided you have no other ongoing loans, such as a car loan or a personal loan to repay.
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 personal loan can I get if my salary is 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.
What is the EMI for 2 lakhs personal loan?
Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 2 lakh | 15.00% | Rs. 6,933 |
| 2 lakh | 16.00% | Rs. 7,031 |
| 2 lakh | 18.00% | Rs. 7,230 |
| 2 lakh | 20.00% | Rs. 7,433 |
What is the interest on 1 lakh loan?
Amortization Schedule for a Personal Loan of ₹ 3.50 Lakh over the 4 years
| Year | Interest paid during the year | Total amount paid during the year (Interest + Principal) |
|---|---|---|
| Dec | ₹ 2,939 | ₹ 8,919 |
| 2022 | ₹ 31,156 | ₹ 1,07,028 |
| Jan | ₹ 2,888 | ₹ 8,919 |
| Feb | ₹ 2,836 | ₹ 8,919 |
What is the minimum salary for personal loan in HDFC Bank?
Who is eligible for personal loan?
Eligibility Criteria for Salaried
| Criteria* | Salaried |
|---|---|
| Age | 23 years – 58 years. |
| Total years in job/profession | 2 Years |
| Years in current residence | 1 Year |