HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.
One may also ask, how do I know if I qualify for a loan?
Home Loan Eligibility Criteria
- Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. …
- 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.
People also ask, how much loan I can get if my salary is 50000?
Also, you must improve your CIBIL score. A credit score of 750 or above makes you more eligible for the
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.25,000 | Rs.18,64,338 |
| Rs.30,000 | Rs.22,37,206 |
| Rs.40,000 | Rs.29,82,941 |
| Rs.50,000 | Rs.37,28,676 |
How can I get 2 lakhs loan quickly?
2 lakh loan
- 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.
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?
Here taking a salary as ? 35k, & without any fixed monthly obligation, you can pay a maximum of ? 17,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ? 20,46,586 using a home loan eligibility calculator (assuming 3 household members).
What is the EMI for 20 lakhs home loan?
EMIs on a 20 lakh home loan for 30 years
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
How can I get 30000 loan?
Documents Required for ? 30,000 Personal Loan
- Pan Card.
- KYC (Identity and Address proof)
- Salary slips.
- Income Proof – Latest 3 months salary slips, Receipts, Form 16 etc (for self-employed professionals)
- Bank Statements – 6 months bank statements.
- House ownership proof (if any)
Which type of loan is cheapest?
To know
| Car Loan Lender | Interest Rate (in per annum) |
|---|---|
| ICICI Bank | 9.30% – 12.85% |
| HDFC Bank | 7.70% – 13.55% |
| Bank of India | 7.35% – 7.95% |
| IDBI Bank | 8.10% – 8.70% |
What is the EMI for 25 lakhs home loan?
EMI on a 25 lakh home loan for 20 years, 15 years and 10 years
| Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 20 Years |
|---|---|---|
| Rs.25,00,000 | Rs.33,038 | Rs.24,126 |
Can I get personal loan if my salary is 10000?
The more income proof you are able to provide, the higher
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
Can I get a loan of 20 lakhs?
Be it business investments or funding your child’s higher education, avail Rs. 20 Lakh loan from Bajaj Finserv and fulfil all your funding requirements with ease. The simplified application process and minimal documentation requirements make availing these loans quick and easy.
How is loan eligibility calculated for 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 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.