What is the interest on 1 lakh 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

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Secondly, how do I calculate interest rate?

The principal amount is Rs 10,000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as: A = 10,000 (1+0.1*6) = Rs 16,000. Interest = A – P = 16000 – 10000 = Rs 6,000.

Herein, how do I calculate interest? Simple Interest Formulas and Calculations:

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

Hereof, how is EMI calculated on loan?

The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the personal loan.

How is HDFC EMI calculated?

Use the HDFC EMI calculator and know the exact EMI amount you are liable to pay for different loan amounts.

E Equated Monthly Instalment or EMI
P Principal amount
R Interest rate
N Tenure

How much home loan can I get on 50000 salary?

How much home loan can I get on my salary?

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 home loan can I get on 80000 salary?

For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.

Net Monthly Income (Rs.) Home Loan Amount (Rs.)
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

How much loan can I get on 17000 salary?

With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.

How much loan can I get on 40000 salary?

Consider – how much personal loan can I get on a 20,000 salary? Sans any other financial obligations, you can expect to be eligible for a loan of Rs. 5,40,000.

Salary Expected Personal Loan Amount
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

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 I can 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.)

What is pre EMI interest on personal loan HDFC Bank?

HDFC Personal Loan Interest Rates

Particulars Salaried/Self Employed
Pre-Payment/Foreclosure Charges Allowed after 12 EMI’s 13 to 24 months: 4% of outstanding principal balance 25-36 months: 3% of outstanding principle Above 36 months: 2% of outstanding principle
Overdue EMI Interest 2% per month on EMI

What is the EMI for 20 lakhs personal loan?

How to Calculate EMI for 20 Lakh Personal Loan?

Loan Amount (Rs.) Interest Rate (p.a.) Monthly EMI Payout (Rs.)
20 lakh 12.00% 1,77,698
20 lakh 13.00% 1,78,635
20 lakh 15.00% 1,80,517
20 lakh 20.00% 1,85,269

What is the EMI for 50000 loan?

Calculated Monthly EMI for 50000 of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
50000 14.00% Rs. 1,709
50000 15.00% Rs. 1,733
50000 16.00% Rs. 1,758
50000 18.00% Rs. 1,808

What is the interest on 5 lakh rupees per month?

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

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