Quick Answer: How Much Loan Can I Get If My Salary Is 1 Lakh?

What will be the EMI for 15 lakhs?

Check EMI Calculation for 14 Lakh home loan for 5, 10, 15, 20 Years or how much EMI you have to pay for 14 Lakh home loan amount per month?…14 Lakh Home Loan EMI Details.Repayment PeriodEMI Per Month5 YearsRs.

28,38710 YearsRs.

16,98615 YearsRs.

13,37920 YearsRs.

11,7102 more rows•Jul 19, 2014.

What is the EMI for 4 lakhs home loan?

Calculated Monthly EMI for 400000 of loan amount for 3 years at various rate of Interest :Loan AmountRate of InterestPer Month EMI4 Lakh14.00%Rs.13671.054 Lakh15.00%Rs.13866.134 Lakh16.00%Rs.14062.814 Lakh18.00%Rs.14460.961 more row

What is the interest on 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

How do you calculate loan to salary?

Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income. If your income is less than 30,000, then the maximum obligations cannot exceed 50% of your monthly income. However, for a higher income, the obligations to income ratio can go upto 65%.

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

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1500040000Home Loan15000300000Car Loan15000100000Credit Card15000

How much loan can I get on 16000 salary?

The maximum loan amount may range between 8 to 10 times your monthly income. Henceforth, you may become eligible for a maximum loan amount of Rs. 1,60,000 which can be repaid in a tenure that is comfortable to you.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,811₹ 50 Lakh₹ 44,245₹ 38,0181 more row

What is the EMI for 60 lakhs home loan?

For example, let’s consider you have availed a home loan of Rs. 60 Lakh at 9% (0.75% per month) rate of interest with tenure of 20 years (240 months). Then, EMI = [60,00,000 x 0.75% x (1+0.75%)^240]/[(1+0.75%)^ (240-1)].

Can I get 20 lakhs education loan?

Under the CGFEL scheme you can get a loan up to Rs 10 lakh for study in India and up to Rs 20 lakh for studying abroad. But, if you take a loan of more than Rs 7.5 lakh, the bank may ask for collateral for the loan amount. The bank may also ask you to deposit margin money and seek third-party guarantee.

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.

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

Can I get 20 lakh loan?

Check the loan amount you are qualified for against your income and other factors with the help of a personal loan eligibility calculator….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 years2 more rows