Consequently, 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.
Thereof, how can I get loan from private bank?
How To Get a Personal Loan in 5 Easy Steps?
- Step 1: Determine your requirement. Figure out why you need a Personal Loan and how much you need. …
- Step 2: Check loan eligibility. …
- Step 3: Calculate monthly instalments. …
- Step 4: Approach the bank. …
- Step 5: Submit documents.
How much EMI can I get for 5 lakhs?
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 | 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 |
How much home loan can I get on 75000 salary?
SBI Home Loan Eligibility Based on Salary
| Age | Net Monthly Income (₹) | |
|---|---|---|
| 25,000 | 75,000 | |
| 40 years | 50.63 Lakh | 1.01 Cr |
| 45 years | 47.47 Lakh | 94.94 Lakh |
| 50 years | 43.08 Lakh | 86.16 Lakh |
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 |
How much loan can I get if my salary is 10000?
Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
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 18000 salary?
With a salary of ₹ 18,000, the maximum amount he is eligible for is ₹ 3.75 Lakh. The interest he has to pay for this amount for 60 months is 10.70%.
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 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.
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 private bank gives loan easily?
Top Private Sector Banks Offering Personal Loans
| Bank | Interest Rate (p.a.) | Repayment Tenure |
|---|---|---|
| Citibank | 10.99% to 13.75% | 12 months to 60 months |
| Deutsche Bank | 24% | 12 months to 48 months |
| Federal Bank | 10.00% to 27.00% | Up to 48 months |
| RBL Bank | 12.00% to 26.00% | 12 months to 60 months |