What is the EMI of 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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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 respect to this, can I get personal loan if my salary is 10000? The more income proof you are able to provide, the higher will be the approval chances. Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs.

Bank Minimum Monthly Income Required
Punjab National Bank Rs. 10,000
HDFC Bank Rs. 15,000
ICICI Bank Rs. 17,500

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

  1. A borrower must be in an age group between 21 – 58 years.
  2. A borrower must have an Indian Nationality.
  3. A borrower must earn a minimum income of Rs. …
  4. A borrower must submit the last six-months bank statement.

How much home loan can I get on 50000 salary?

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
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

How much interest will I get for 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

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 Personal Loan EMI Calculator

Monthly EMI ₹19,566
Principal amount ₹10,00,000
Total interest ₹1,73,969
Total amount ₹11,73,969

What is the interest on 5 lakh loan?

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
5 Lakh 14.00% Rs.17088.81
5 Lakh 15.00% Rs.17332.66
5 Lakh 16.00% Rs.17578.52
5 Lakh 18.00% Rs.18076.2

What will be the EMI for 7 lakhs?

Personal Loan EMI Details for INR 7 Lakhs Loan Amount

Loan Amount (In ₹) Interest Rate (in % per annum) Monthly Installments (EMI In ₹)
7,00,000 10.75 32544
7,00,000 10.75 22834
7,00,000 10.75 18007
7,00,000 10.75 15133

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