How Much Personal Loan Can I Get If My Salary Is 40000?

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.

How is loan amount calculated?

The mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

How much personal loan can I get if my salary is 30000?

For example, if you are wondering how much personal loan can I get on a 30,000 salary….Multiplier Method.SalaryExpected Personal Loan AmountRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhsRs. 60,000Rs. 16.20 lakhs1 more row•Apr 8, 2020

How much loan can I get on 40000 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.

How much loan can I get on 35000 salary?

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).

How can I get 50000 rupees fast?

Insta Loan is an instant online personal loan by Finance Buddha in 180 Cities across India. Now you can apply for a personal loan online and get money in the bank account in as soon as 2 Hours. Anyone can avail an instant loan online from ₹50,000 to ₹50 Lakhs without any physical paperwork.

What is the EMI for 20 lakhs personal loan?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

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

Which type of loan is cheapest?

To know which type of loan is cheapest in India, we are showing some of the top secured loans so that you can make the decision….Car Loan Interest Rates of Top Lenders.Car Loan LenderInterest Rate (in per annum)ICICI Bank9.30% – 12.85%HDFC Bank7.70% – 13.55%Bank of India7.35% – 7.95%IDBI Bank8.10% – 8.70%6 more rows

What will be the EMI for 50 lakhs?

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

Can I get 20 lakhs personal loan?

Take note of the personal loan eligibility criteria mentioned below before applying….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 yearsNationalityResiding Indian citizenCIBIL score750 and above

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.

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.

What is the EMI for 2 lakhs personal loan?

Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :Loan AmountRate of InterestPer Month EMI2 lakh15.00%Rs. 6,9332 lakh16.00%Rs. 7,0312 lakh18.00%Rs. 7,2302 lakh20.00%Rs. 7,4331 more row

How can I get a 50000 loan fast?

Meet urgent funding requirements with an instant personal loan of 50,000 Rupees from Bajaj Finserv. Fulfil minimum eligibility criteria and complete a hassle-free application process to receive instant approval and quick disbursal of Rs. 50,000 loan. Avail the advance without providing any collateral.

How can I get a 50000 loan online?

Process to Apply for a Rs 50000 Personal Loan?Check Your Eligibility. Find out the maximum loan amount you’re eligible for online in 2 minutes.Select Your Plan. Choose a custom loan amount and the repayment period that suits your financial needs.Upload Your Documents. … Get the Loan Amount.

What is the minimum salary to get personal loan?

The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).

How can I get 40000 rupees loan?

Apply for a Rs. 40,000 loan with Bajaj Finserv in the following few steps. Step 1 – Browse the online application form and fill it with essential personal and employment details. Step 2 – Provide the loan amount you are applying for and select a suitable repayment tenure..