What Will Be The EMI For 30 Lakhs Home Loan?

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.

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.

Which job pays 2 lakhs monthly?

5. Commercial Pilot. Commercial pilot’s job can be extremely glamourous and exciting. While training, entry level commercial pilots earn about 2 lakhs per annum.

What is the EMI for 25 lakhs home loan?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 yearsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 20 YearsRs.25,00,000Rs.33,038Rs.24,126

What is the EMI for 30 lakhs home loan for 20 years?

Emi Calculated on 6.80%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 30 Lakh of loan amountRs.22900Rs.2496045Rs.5496045Apr 3, 2014

How much loan can I get if my salary is 1 lakh?

Banks and financial institutions ensure that loan EMIs don’t exceed 40-45 per cent of your net salary. How is this information useful? Let’s say your monthly take-home is Rs 1 lakh. So, banks will lend only if your EMIs amount to not more than Rs 40,000-45,000.

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

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

What is the EMI for 30 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 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 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.

Is 50000 a good salary in India?

India is a poor country with very low per capita income. So in general, it is a very good salary. … You can fulfil all your goals in life with a starting salary of Rs. 50,000.

Can I buy a house with 20000 salary?

Hate to break it to you, but no. Most banks look to lend money (give mortgages) to borrowers with a debt to income ratio lower than 43% of their pre-tax income. At $20,000 a year in income, you are making $1,666 a month. … Hate to break it to you, but no bank is going to lend to you at 60% Debt to income.

Can I get 30 lakh home loan?

If you are looking for a home loan of up to 30 lakhs, then you can easily obtain one here and also enjoy a range of value-added features such as a PMAY subsidy and a flexible tenor.

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

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 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 50 lakhs loan?

50 lakhs, a maximum loan of Rs 30 lakhs is available. For a commercial property at Rs 50 lakhs, a maximum loan of Rs 35 lakhs is available. Age: Salaried individuals should be in the age bracket of 21 to 60 years and self-employed should be between 25 to 65 years.

How much EMI can I get for 5 lakhs?

So, if you opt for a loan of ₹ 5 Lakh at 12.50% flat rate of interest for a period of 3 years, the EMI to be paid will be ₹ 19,097. And the total interest per year will be 500,000* (12.50/100) = 62,500.

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

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.