HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours.
Moreover, can I borrow money from another country?
Australian banks can’t take a foreign property as security for a home loan. However, they can help you fund your future investment plans if you have an existing property with enough equity. Having a good understanding of what you want to do when you have the funds is key.
- Filled and signed loan application form.
- Proof of address and identity.
- Proof of age.
- Bank statement of the last 6 months (salary account)
- Proof of income (salary slips of the last 3 months)
- Proof of Income Tax Return or Form 16.
Likewise, can a government employee lend money?
Government employees can avail loans from banks such as Oriental Bank of Commerce, HDFC Bank, Axis Bank, and State Bank of India for interest rates starting from as low as 10.6% p.a. While Union Bank of India levies no processing charges, a few others levy 0.5% to 3.99% of the loan amount as processing charges.
Can we take loan from foreign company?
An Indian entity can acquire a loan from a foreign company under two routes of investment. Automatic Route- Under the automatic route, prior approval is not required for any form of investment. Therefore a borrower can get a loan from a foreign company without the prior approval from the Government of India.
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 will I get on my salary?
The loan amount you can avail depends on criteria like your credit score, salary, age, location, current obligations, etc. Lenders usually offer a home loan that is 60 times your salary.
What is the minimum salary to apply for personal loan?
When it comes to personal loans, there is no set minimum salary for your application to be approved. Some banks may keep a minimum limit (say Rs. 15,000 – Rs. 20,000 per month).
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%.
Who is eligible for personal loan?
You have to be at least 21 years old when you apply for a loan, and a maximum of 65 years of age, at the time of loan maturity. Select your net monthly income (or yearly profit after tax if you are self-employed). Please note that this amount should be after all tax deductions.
How much personal loan can I get if my salary is 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 can I get if my salary is 17000?
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%.
Can I take loan from foreign individual?
Lending By a Foreigner/ Non-Resident Indian to an Indian Person. A requirement of funds for private use can come at any point in time in a person’s life. … The borrow can receive the loan amount only by way of inward remittance from outside India or from an NRE, NRO, FCNR, NRNR, NRSR.
Can government employees take personal loans?
The loan for government employees helps cater to their personal needs. The Personal Loan is available to employees of public sector undertakings (PSUs), including central, state and local bodies. The Personal Loan for government employees offered by HDFC bank comes with tenure of up to 6 years.
How can I get loan from foreign bank?
Approval Route: Under the approval route, in order to get a loan from a foreign entity, the borrower is required to submit an application with the RBI in the prescribed form through authorized dealer as specified by the RBI.