# What is the rate of interest of home credit?

Home Credit Personal Loan – Interest Rate & Features – Nov 2021
Interest Rate Starting from 2.00% per month
Loan Amount Up to Rs. 2.4 Lakh (Existing Customers) Up to Rs. 2 Lakh (Non-Home Credit Customers)
Loan Tenure 9 to 51 months (Existing Customers) 6 to 48 months (Non-Home Credit Customers)

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## Also, what is the interest on 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
Keeping this in view, how is EMI calculated for home credit? Equated Monthly Installment (EMI) Formula

The EMI flat-rate formula is calculated by adding together the principal loan amount and the interest on the principal and dividing the result by the number of periods multiplied by the number of months.

## Moreover, what is the maximum finance amount offered by home credit?

What is the minimum and maximum loan amount offered by Home Credit India?

Minimum Loan Amount Maximum Loan Amount
Existing Home Credit Customers ₹ 10,000 ₹ 2,40,000
New to Home Credit Customers ₹ 25,000 ₹ 2,00,000

## What is the interest of 5 lakh in SBI?

State Bank of India Fixed Deposit Returns Based on Investment Amount

Investment Amount For 3 years with interest of 5.3% For 5 years with interest of 5.4%
₹ 50,000 ₹65134 ₹65459
₹ 1 lakh ₹130267 ₹130917
₹ 2 lakh ₹260534 ₹261834
₹ 5 lakh ₹651335 ₹654586

## 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 the interest of 3 lakh in SBI?

SBI Personal Loan EMI for ₹ 3 Lakh

Loan Amount Interest Rate Tenure(Year)
₹ 3,00,000 9.60% 1

## What is the interest on 1 lakh loan?

1 Lakh Personal Loan Interest Rates 2021

Banks Interest Rates
HDFC Bank 10.99 – 20.75%
ICICI Bank 11.70 – 18.85%
Bajaj Finserv 11.99 – 16.00%
Fullerton India 14.00 – 33.00%

## 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 14.00% Rs.10253.29
3 Lakh 15.00% Rs.10399.6
3 Lakh 16.00% Rs.10547.11
3 Lakh 18.00% Rs.10845.72

## What is the rate of interest charged on personal loan?

Current Interest Rate on Personal Loans

Bank Interest Rate (p.a.) Processing Fee
HDFC Bank 10.5% p.a. – 21.00% p.a. Up to 2.50%
Yes Bank 13.99% p.a. – 16.99% p.a. Up to 2.50%
Citibank 9.99% p.a. – 16.49% p.a. Up to 3%
Kotak Mahindra Bank 10.25% and above Up to 2.5%

## How much home loan can I get on 40000 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