Can I get loan for merchant navy?

The Eligibility Criteria required of a Personal Loan for Merchant Navy. The Applicant should be a citizen of India. A job continuity of 1 year or more is necessary. The CIBIL score should be above the minimum basis points required by the Bank.

>> Click to

In respect to this, how can I get 50000 personal loan?

How to Apply for Rs.

  1. Provide your personal and financial details while filling the application form online.
  2. Choose a loan amount and suitable tenor to get instant approval.
  3. A Bajaj Finserv representative will get in touch with you. …
  4. Receive the approved loan amount in your account shortly.
Besides, which bank is best for merchant navy? HDFC Bank

Also to know is, which bank is best for personal loan?

Comparison of Best Personal Loan Providers in India

Name of the Lender Loan Amount Interest Rate (p.a.)
State Bank of India (SBI) Up to Rs. 20 lakh. 9.60% onwards
HDFC Bank Up to Rs. 40 lakh. 10.50% onwards
ICICI Bank Up to Rs. 25 lakh. 10.50% onwards
Axis Bank Up to Rs. 15 lakh. 11% onwards

Can OCI take loan India?

Profiles: The different profiles that are eligible to apply for housing loans are: Non-Resident Indian (NRI) Person of Indian Origin (PIO) Overseas Citizen of India (OCI) – except citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Bhutan or Nepal.

Can I get education loan merchant navy?


A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

What is the monthly payment on a 50000 loan?

15 Year $50,000 Mortgage Loan

Loan Amount 2.50% 6.00%
$50,000 $333.39 $421.93
$50,050 $333.73 $422.35
$50,100 $334.06 $422.77
$50,150 $334.39 $423.19

How much loan can I get on 30000 salary?

Consider –

Salary Expected Personal Loan Amount
Rs. 20,000 Rs. 5.40 lakhs
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs

How can I get a 20000 instant loan?

How To Apply For Personal Loan With Salary Less Than Rs.

  1. Share your phone number.
  2. Enter your email id.
  3. Specify your personal loan amount.
  4. Check the ‘I authorize’ tick-box.
  5. Click on ‘Apply Now’.
  6. Have our customer care representative get in touch with your offer details.

Is merchant navy income tax free?

There is no specific provision of exemption or taxation under Income Tax Act for ‘Seafarer’ or ‘Merchant Navy‘. … – Generally, seafarers (or merchant navy workers) are Citizens of India, and based on their number of days stay in India, are classified as Non-Resident or NRI.

Do seafarers have to pay tax 2020?

June 25, 2020, is the Day of the Seafarer, an annual and international event day coordinated by the International Maritime Organisation (IMO). … As per Income Tax on Seafarer up to Financial Year 2019-20, the salary received by a resident seafarer will be taxable as per the laws of the Incometax department.

Are seafarers rich?

All Seafarers Are Rich

Many also start out in low positions and have to work their way through the high ranks and receive a much higher salary. This just means that we shouldn’t expect them to spend their money recklessly. Whether they’re really rich or not, their money is still theirs to spend as they see fit.

What is the EMI for 20 lakhs personal loan?

Formula of Calculation of EMI

Loan amount Interest Rate EMI per month
5 Lakh 8.35% Rs. 6,159
10 Lakh 8.50% Rs. 9,847
15 Lakh 8.60% Rs. 13,112
20 Lakh 8.70% Rs. 17,610

Which bank gives cheapest personal loan?

Lowest Interest Rate on Personal Loan

As per the current rates, HDFC Bank, Kotak Bank offers the lowest interest rate of 10.25%.

What are the 4 types of loans?

  • Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. …
  • Credit Card Loans: …
  • Home Loans: …
  • Car Loans: …
  • Two-Wheeler Loans: …
  • Small Business Loans: …
  • Payday Loans: …
  • Cash Advances:

Leave a Reply