Question: What Will Be The EMI For 15 Lakhs Home Loan?

What will be the EMI for 25 lakhs home loan?

Current EMI for ₹ 25 Lakh loan is ₹ 16,049 and EMI for ₹ 30 Lakh loan is ₹ 19,259 for a 30 year loan at the minimum interest rate..

How can I get 2 lakh loan fast?

2 lakh loan from Bajaj Finserv.Instant approval. Meet the basic eligibility criteria to avail this short-term loan. … Loan disbursed within only 24 hours. … Simple documentation. … Up to 45% less EMIs. … Pre-approved offers. … Zero hidden charges. … Flexible repayment tenor. … Collateral free credit.More items…

Can I buy a house with 40000 salary?

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)

How can I get 30 lakh loan?

30 Lakh loan from Bajaj Finserv. The credit is available against property mortgage, and individuals can receive up to Rs. 30 Lakh as a Loan Against Property. With higher property value, Bajaj Finserv also provides a loan of up to Rs.

What is the EMI for 12 lakhs home loan?

Banks which are offering 12 Lakh home loan amount at 6.80% rate of interest….Emi Calculated on 6.80%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 12 Lakh of loan amountRs. 9160Rs. 998418Rs. 2198418

How much loan can I get if my salary is 25000?

Here taking a salary as ₹ 25k, & without any fixed monthly obligation, you can pay a maximum of ₹ 12,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 13,73,026 using a home loan eligibility calculator (assuming 3 household members).

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.

How much interest will I get for 20 lakhs?

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

Can I get 20 lakh loan?

20 Lakh loan with Bajaj Finserv to fund your big-ticket expenses. Meeting the right eligibility, you can also avail a loan amount of higher value up to Rs. 3.5 Crore. The credit is available for both salaried and self-employed individuals.

How can I get 4 lakh loan?

Bajaj Finserv offers this unsecured loan of Rs. 4 lakh which can also be availed in a higher amount of up to Rs. 25 lakh if you meet the eligibility criteria. Since it is a collateral-free low income personal loan, you do not have to worry about mortgaging any asset to avail the funds.

What is the EMI for 10 lakhs home loan?

EMI Calculation for a Home Loan of Rs. 10 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 15 YearsRs. 10,00,00013,21510,746

Can I get 15 lakh loan?

15 lakh with flexible repayment….Axis Bank Personal Loan Details.Interest Rate12% – 21% p.a.Loan AmountUp to Rs.15 lakhLoan TenureUp to 5 yearsMinimum Income RequiredRs.15,000 (monthly)

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.

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

How much loan can I get if my salary is 20000?

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….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 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 can I get a 25k loan?

You can get a $25,000 personal loan using an online lender, bank, or credit union. If you value face to face interaction, you should use a bank or credit union. In most cases, the application, approval, and funding process takes longer with a bank or credit union.

How can I get 1 lakh fast?

1 lakh personal loan from Bajaj Finserv:Fill the application form with your personal and financial details.Decide on a loan amount and repayment tenor to get instant approval.Submit all the necessary documents to the Bajaj Finserv representative.Get money in your bank account within 24 hours of approval.

How much loan can I get if my salary is 12000?

Salary of 12000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1200040000Home Loan12000300000Car Loan12000150000Credit Card12000

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 much loan can I get on 50000 salary?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.25,000Rs.18,64,338Rs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,6761 more row