SBI Home Loan Eligibility Criteria
| Age | 18 to 70 years |
|---|---|
| Employment Type | Salaried individuals Non-salaried business people or professionals |
| Loan-to-Value (LTV) Ratio | 80% to 90% |
Keeping this in view, can I get home loan for 5 years?
SBI Flexipay Home loan provides an eligibility for a greater loan. It offers customer the flexibility to pay only interest during initial 3-5 years and thereafter in flexible EMIs. This variant of SBI home loan is very useful for young salaried between 21-45 years.
Keeping this in consideration, how much home loan can I get on 15000 salary?
Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).
How much home loan can I get on 40000 salary SBI?
Salary / Income per Month
| Salary / Income per Month | SBI Home Loan Eligibility | HDFC Home Loan Eligibility |
|---|---|---|
| 25000 | 1400000 | 1350000 |
| 30000 | 1700000 | 1600000 |
| 35000 | 2000000 | 1900000 |
| 40000 | 2300000 | 2200000 |
How much home loan can I get on 50000 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 |
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 loan can I get on 17000 salary?
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%.
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 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 90000 salary?
For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.
| Net Monthly Income (Rs.) | Home Loan Amount (Rs.) |
|---|---|
| 70,000 | 54,81,756 |
| 80,000 | 63,20,142 |
| 90,000 | 71,58,529 |
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 interest of 30 lakh in SBI?
For First Five Years EBR 6.65%
| LOAN AMOUNT | Applicable Interest Rate |
|---|---|
| Up to Rs 30 Lacs | EBLR+ 85 bps ER: 7.50% |
| Above Rs 30 Lacs to Rs 75 Lacs | EBR +95 bps ER: 7.60% |
| Above Rs 75 Lac | EBR + 105 bps ER: 7.70% |
What is the minimum salary for SBI home loan?
State Bank of India (SBI) Home Loan Eligibility Criteria
| Eligibility Criteria | Salaried and Self-Employed |
|---|---|
| Income Criteria | Minimum salary for State Bank of India (SBI) Home Loan Rs.25000 |
| Age Criteria | Minimum: 21 years Maximum: 60 years |
| Loan Tenure | Up to 30 years |
| Loan Amount | No cap, depending on your repayment capacity |
Which bank gives cheapest home loan?
5 Best Private Sector Banks With The Cheapest Interest Rates On Home Loans
| Banks | Interest Rates |
|---|---|
| ICICI Bank | 6.75% to 7.30% |
| HDFC Bank | 6.75% to 7.30% |
| IDBI Bank | 6.95% to 10.05% |
| Axis Bank | 6.90% to 8.55% |