Quick Answer: What Will Be The EMI For 15 Lakhs?

What is the EMI for 15 lakh 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.

What is the EMI for 14 lakhs home loan?

14 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month5 YearsRs. 2759010 YearsRs. 1611115 YearsRs. 1242820 YearsRs. 106872 more rows•May 11, 2015

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.

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)

What will be the EMI for 20 lakhs?

EMI on a 20 lakh home loan for 20 yearsLoan AmountInterest rateEMIRs.20 lakh10%Rs.19,300

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

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 much interest will 10 lakhs earn?

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 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).

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 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 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