What is the interest rate of personal loan in Allahabad bank?

Allahabad Bank Personal Loan Interest Rates

Particulars Salaried
Interest rate MCLR + 4.0% = 13.00% p.a.
Loan Amount 24 times of current Gross Monthly Salary Minimum: Rs.50,000 Maximum: Rs.7.5 lakh
Loan Tenure Maximum: 60 months.

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Likewise, people ask, can I buy house with 10000 salary?

The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000. … The income criteria for self employed professionals or businessmen may vary in Karnataka Bank.

Hereof, can I get personal loan if my salary is 15000? Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.

Just so, how can I check my loan status in Allahabad Bank?

Allahabad Bank Home Loan Customer Care

A person can check the loan status by calling the number 1800220363 for any financial queries including home loan.

How is personal loan EMI calculated monthly?

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 much loan can I get on 24000 salary?

With a salary of ₹ 24,000, the maximum amount he is eligible for is ₹ 5.89 Lakh. The interest he has to pay for this amount for 72 months is 9.60%.

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 personal loan can I get if my salary is 40000?

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

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

What is personal loan interest rate in SBI?

9.60%
Particulars Salaried/Self Employed
Interest rate 9.60% p.a.- 15.65% p.a.
Loan Amount Minimum: Rs.25,000 Maximum: Rs.20 lakh
Loan Tenure Up to 72 months
Processing Fee 1.5% of loan amount + tax

What is the cibil score?

CIBIL Score is a 3-digit numeric summary of your credit history, rating and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.

What is the EMI for 3 lakhs personal loan?

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 15.00% Rs.10399.6
3 Lakh 16.00% Rs.10547.11
3 Lakh 18.00% Rs.10845.72
3 Lakh 20.00% Rs.11149.08

Which bank has the easiest personal loan approval in India?

Personal Loan Banks

  • State Bank of India (SBI) SBI Saral – Personal Loan is the answer when you need finances. …
  • ICICI Bank. ICICI Bank Personal Loans are easy to get and absolutely hassle free. …
  • Standard Chartered. …
  • Axis Bank. …
  • TATA Capital. …
  • Reliance Consumer Finance. …
  • HDB Financial Services.

Which bank personal loan is cheapest?

Cheapest Personal Loan Interest Rates on Balance Transfer

Bank Interest Rates 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

Which bank will gives personal loan easily?

HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it.

Which private bank is best for personal loan?

Top Private Sector Banks Offering Personal Loans

Bank Interest Rate (p.a.) Repayment Tenure
ICICI Bank 11.25% onwards 12 months to 60 months
Axis Bank 16% to 24% 12 months to 60 months
HDFC Bank 15.50% to 21.50% 12 months to 60 months
Kotak Mahindra Bank 10.99% to 24% Up to 60 months

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