Comparison of Best Personal Loan Providers in India
|Lender||Interest Rate (p.a.)||Processing Fee|
|HDFC Bank||10.25% – 21%||Up to 2.5% (Maximum Rs. 25,000)|
|Kotak Mahindra Bank||10.25% onwards||Up to 2.5%|
|Federal Bank||10.49% – 17.99%||Up to 3%|
|IDFC FIRST Bank||10.49% onwards||Up to 3.5% (Minimum Rs. 2,999)**|
Then, can I buy house with 10000 salary?
The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000.
In this manner, does State Bank give loan?
SBI offers personal loans of up to Rs. 20 lakh with interest rates starting from 9.60% p.a. onwards. The bank offers various types of personal loans such as Xpress Credit Loan, SBI Pension Loan, Xpress Elite and Pre-approved Personal Loans that cater to the needs of different borrowers.
How can I get a loan quickly?
Just visit the MobiKwik App or website and get your instant personal loan in just three steps:
- Download the MobiKwik app and apply for the loan by filling in an online loan application.
- Fill in the details and instant loan approval will be received shortly.
- The amount will reflect in the wallet instantly.
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.)
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.
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%.
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%.
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).
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|
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%|
|₹ 1 lakh||₹130267||₹130917|
|₹ 2 lakh||₹260534||₹261834|
|₹ 5 lakh||₹651335||₹654586|
7 Lakh Home Loan Interest Rates
|SBI||6.80 – 7.30%|
|ICICI Bank||6.95 – 8.05%|
|LIC Housing Finance||6.90 – 7.30%|
|Axis Bank||7.75 – 8.40%|
ICICI Bank Personal Loans. Avail of a Personal Loan of up to Rs 25 lakh at interest rates starting from 10.5% per annum and meet personal urgencies that can crop up anytime in life. The quick approval process of Personal Loans from ICICI Bank ensures you have an easy borrowing experience.
Top Home Loan Schemes & Offers
- Kotak Mahindra Bank – Best for Low Interest Rate. …
- SBI Bridge Home Loan – Best for Short-Term Requirements. …
- ICICI Bank Extra Home Loans– Best for Long Term Requirements. …
- Canara Bank Housing Loan – Best Interest Rate for Women. …
- Axis Bank Home Loan – Best Interest Rate for Salaried Employees.