Quick Answer: How Much Home Loan Can I Get On 20000 Salary In HDFC?

How much home loan can I get on 25000 salary?

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 on my salary from HDFC?

HDFC Bank Personal Loan Eligibility Calculator IndiaEligibility CriteriaSalariedSelf Employed ProfessionalsMinimum Eligible Income₹ 25,000 per month₹ 5 Lakh gross annual receiptsMaximum Eligible Loan27x of monthly income-Maximum Loan Amount Eligibility₹ 75 Lakh₹ 50 LakhMinimum Work Experience12 months48 months3 more rows

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.

Can I get personal loan of 20 lakhs?

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

What is the EMI for 20 lakhs home loan in SBI?

SBI Home Loan EMI Calculator 2021Loan Amount10 Year Loan30 Year loan₹ 20 Lakh₹ 23,170₹ 13,239₹ 30 Lakh₹ 34,755₹ 19,858₹ 50 Lakh₹ 57,925₹ 33,097Apr 5, 2021

Can I get 1 crore home loan?

Rs 1 crore home loan EMI for 15 years at interest rate of 8.5% has a monthly EMI of Rs 98,474. This means that the total interest paid is Rs 77 lac during the full loan tenure without any prepayments. Rs 1 crore home loan EMI for 10 years at interest rate of 8.5% has a monthly EMI of Rs 1.23 lakh.

How much home loan can I get on my salary from HDFC?

HDFC Home Loan Eligibility in India 2021Eligibility CriteriaHDFC Home LoanMinimum Eligible Income₹ 18,000 and aboveWork Experience for Salaried1 yearsBusiness Stability for Self Employed5 yearsLoan Amount Eligibility₹ 5 Lakh to ₹ 5 Cr4 more rows•Mar 30, 2021

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

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.

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 check my HDFC loan eligibility?

If you are a customer of the bank, you can check your eligibility for the HDFC personal loan through the netbanking portal. Once you fulfill the eligibility criteria, you can get up to Rs. 40 lakh as loan with a repayment tenure of up to 60 months. Rs.

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 is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 20 YearsRs. 15,00,00019,82314,475

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.

What is the EMI for 3 lakhs personal loan?

Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :Loan AmountRate of InterestPer Month EMI3 Lakh15.00%Rs.10399.63 Lakh16.00%Rs.10547.113 Lakh18.00%Rs.10845.723 Lakh20.00%Rs.11149.081 more row

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

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 2 lakhs loan quickly?

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…