How Much Loan I Can Get If My Salary Is 12000?

How much loan can I get if my salary is 10000?

The more income proof you are able to provide, the higher will be the approval chances.

Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs….personal loan for low salary less than 10000.BankMinimum Monthly Income RequiredPunjab National BankRs.

10,000HDFC BankRs.

15,000ICICI BankRs.

17,5002 more rows•Jun 19, 2019.

Can I get home loan with 15000 salary?

How much loan amount you can get at 15000 per month income so here’s the complete list of banks with minimum loan amount, maximum loan amount….Home Loan Interest Rates Apr 2021.SBI6.70 – 6.75%PNB Housing7.35 – 9.05%Axis Bank6.90% – 8.40%Bank of Baroda6.85 – 7.85%Canara Bank6.90 – 8.90%4 more rows

Which type of loan is best?

Unsecured personal loans. Personal loans are used for a variety of reasons, from paying for wedding expenses to consolidating debt. … Secured personal loans. … Payday loans. … Title loans. … Pawn shop loans. … Payday alternative loans. … Home equity loans. … Credit card cash advances.More items…•Jan 11, 2021

How is loan eligibility calculated for salary?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 20,000*12*5 = ₹ 12,00,000. However, the multiplier is 20, then the loan amount will be ₹ 40,000*20 = ₹ 8,00,000. Therefore, the amount you will get on ₹ 40,000 salary is ₹ 8,00,000.

Can I get loan without payslip?

Can I get a loan without payslip? Sure you can! All you need to get a loan is to have a regular job and, receive the pay through a bank statement. So, even though you can’t present a pays lip, you can show your income through the bank statement for the bank to approve your loan application.

What will be the EMI for 10 lakhs home loan?

Banks which are offering 10 Lakh home loan amount at low rate of interest….Emi Calculated on 6.80%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 10 Lakh of loan amountRs.7633Rs.832015Rs.1832015

What is the minimum salary for home loan?

₹10,000Home Loan Eligibility Criteria Age Limit for Salaried Individuals: 21 to 65 years . Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a.

How much home loan can I get on 35000 salary?

“How much home loan can I get on my salary?” If you are a salaried employee and you plan to own a house, this is the first question that pops up in your mind….Understand your salary:Net Monthly Income (₹)Loan Amount (₹)₹ 30,000₹ 17,09,806₹ 35,000₹ 20,46,586₹ 40,000₹ 23,83,366₹ 50,000₹ 30,56,9262 more rows

Can I get personal loan if my salary is 12000?

12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. If you are looking to avail a Bajaj Finserv Personal Loan, you can start by sharing your basic details in the pre-approved loan form and checking if you have an offer.

How much loan can I get on 30000 salary?

5,40,000. On the other hand, if you are wondering – how much personal loan can I get on a 40,000 salary, the loan sanction amount will be close to Rs….Multiplier Method.SalaryExpected Personal Loan AmountRs. 20,000Rs. 5.40 lakhsRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhs1 more row•Apr 8, 2020

How can I get a loan for 50000?

How to Apply for Rs. 50,000 Loan?Provide your personal and financial details while filling the application form online.Choose a loan amount and suitable tenor to get instant approval.A Bajaj Finserv representative will get in touch with you. … Receive the approved loan amount in your account shortly.

How much home loan can I get on 20000 salary in HDFC?

Salary / Income per MonthSalary / Income per MonthSBI Home Loan EligibilityHDFC Home Loan Eligibility20000120000012000002500014000001350000300001700000160000035000200000019000002 more rows

Can I get 100 percent home loan?

Lending institutions provide Loan Against Property approval for a specific percentage of the mortgaged property’s value. For certain security purposes, lenders do not sanction a Mortgage Loan with LTV of 100%. You can avail a maximum of 90% of the property’s present market value from any lender.

Can I get 10 lakh loan?

With Bajaj Finserv, you can avail a high-value Mortgage Loan of up to Rs. 10 Lakh at affordable rate of interest. Both salaried and self-employed individuals can avail the loan. … For salaried individuals, the maximum loan amount can be up to Rs.

How much loan can I get if my salary is 15000?

1,80,000 per annum or Rs. 15,000 per month. While the exact loan amount that you can borrow will vary based on your income and repayment capacity, you will need to borrow at least Rs. 50,000 from IDBI Bank when taking a personal loan from them.

What is the EMI for 20 lakhs home loan?

EMIs on a 20 lakh home loan for 30 yearsLoan AmountInterest rateEMIRs.20 lakh10%Rs.17,551

Can I get a loan of 1 lakh?

1 lakh personal loan from Bajaj Finserv. Enjoy instant approval and disbursal within only 24 hours, hassle-free application process and easy to meet eligibility criteria for instant financing. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

How can I get loan easily?

How To Get a Personal Loan in 5 Easy Steps?Step 1: Determine your requirement. Figure out why you need a Personal Loan and how much you need. … Step 2: Check loan eligibility. Once you know how much you need, you should check whether you are eligible. … Step 3: Calculate monthly instalments. … Step 4: Approach the bank. … Step 5: Submit documents.