EMI Calculation for 10 Lakh Home Loan amount for Various Tenure Options:
|Tenure Options||EMI Per Month|
Also know, can I get 10 lakh business loan?
Under PM Mudra Yojana, the government gives loans up to Rs. 50000 to Rs. 10 lakh to those who want to start their own business. The loan is available without guarantee and the repayment period can be extended up to 5 years.
In this manner, how can I check my SBI loan eligibility?
Alternatively, you can check your eligibility for this SBI personal loan by sending an SMS “PAPL<space><last 4 digits of SBI Savings Bank Account No.>” to 567676. With instant loan processing, minimum documentation and a low processing fee, SBI pre-approved loans are credited to the applicant’s account instantly.
How can I get a 150000 loan?
The eligibility criteria for a 150000 instant cash loan
- A borrower must be in an age group between 21 – 58 years.
- A borrower must have an Indian Nationality.
- A borrower must earn a minimum income of Rs. …
- A borrower must submit the last six-months bank statement.
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|
|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|
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 Personal Loan EMI Calculator
Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:
|Loan Amount||Rate of Interest||Per Month EMI|
Personal Loan EMI Details for INR 7 Lakhs Loan Amount
|Loan Amount (In ₹)||Interest Rate (in % per annum)||Monthly Installments (EMI In ₹)|