Question: How Much Home Loan I Can Get If My Salary Is 20000?

What is the EMI for 60 lakhs home loan?

60 Lakh at 9% (0.75% per month) rate of interest with tenure of 20 years (240 months).

Then, EMI = [60,00,000 x 0.75% x (1+0.75%)^240]/[(1+0.75%)^ (240-1)]..

How much home loan can I get on 25000 salary?

If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary.

How much home loan can I get on 15000 salary?

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMax. loan amountPersonal Loan15000140000Home Loan15000850000Car Loan15000310000Credit Card15000

What will be the EMI for 30 lakhs home loan?

Banks which are offering 30 Lakh home loan amount at 8.00% rate of interest….Emi Calculated on 8.00%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 30 Lakh of loan amountRs.25093Rs.3022368Rs.6022368Jul 17, 2014

How much loan can I get if my salary is 18000?

Yes Bank allows a maximum FOIR of 0.45. Based on the information provided by the applicant, bank will calculate his eligibility using eligibility calculator. With a salary of ₹ 18,000, the maximum amount for which he is eligible is ₹ 3.78 Lakh. The interest he has to pay for this amount for 60 months is 10.40%.

How do you calculate loan to salary?

Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income. If your income is less than 30,000, then the maximum obligations cannot exceed 50% of your monthly income. However, for a higher income, the obligations to income ratio can go upto 65%.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 16 Lakh₹ 14,159₹ 12,166₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,8111 more row

Can I get 1 crore home loan?

Rs 1 crore home loan EMI for 20 years at interest rate of 9.0% has a monthly EMI of Rs 89,973. This means that the total interest paid is Rs 1.16 crore during the full loan tenure without any prepayments. Rs 1 crore home loan EMI for 15 years at interest rate of 9.0% has a monthly EMI of Rs 1.01 lakh.

Who is eligible for home loan?

Housing Loan Eligibility DetailsAge of the Applicant18 to 70 yearsMinimum CIBIL Score650Maximum Loan on Property ValueUp to 90%Maximum EMI as percent of income65%Eligibility with Co-applicantUp to 3 earning family members may be added to get higher loan eligibility4 more rows

What will be the EMI for 15 lakhs home loan?

14 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month5 YearsRs. 28,38710 YearsRs. 16,98615 YearsRs. 13,37920 YearsRs. 11,7102 more rows•Mar 26, 2020

How much car loan can I get on 20000 salary?

With the salary of Rs. 20,000 per month, you may become eligible for a maximum loan amount of Rs. 3 Lakhs. In case you do not qualify for a new car loan, you can also check your eligibility for a pre-owned car loan.

What is minimum salary required for home loan?

Rs. 25,000What is home loan eligibility?Home Loan eligibility criteriaAge Limit of Salaried Individuals23 to 62Work experience of Salaried ApplicantsMinimum 3 YearsBusiness ContinuityMinimum 5 YearsMinimum SalaryRs. 25,0003 more rows

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

Can I get 50 lakhs loan?

50 Lakh loan also becomes convenient with the flexibility of tenor. A salaried individual can opt for a tenure ranging between 2 and 20 years, depending on his/her repayment capacity. For a self-employed individual, the maximum available tenure is 18 years. Choose your repayment period as per your suitability.

What is the EMI for 40 lakhs loan?

What is the EMI for a 40 lakhs home loan? The EMI for a 40 lakh home loan will depend on the interest rate and the tenure period that you and your lender agree upon. For instance, if you get an interest rate of 8% and a tenure period of 20 years, your Equated Monthly Instalment(EMI) will be Rs. 33,458.