6.85% – 8.00% p.a.
Just so, which bank is best for home loan in 2020?
So, to choose the
| S.No | Bank Name | Market Percentage |
|---|---|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
Moreover, is Indian bank good for home loan?
My housing loan experience was good with Indian bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Documents were collected on time and the customer service was good. The tenure for this loan is 20 years. 0.5 5.0/5 “Blown Away!”
What is the minimum salary for home loan?
?10,000
Which Indian Bank has lowest interest rate?
Currently, the lowest home loan interest rate being offered is 6.65% p.a. by Kotak Mahindra Bank, followed by other top lenders such as ICICI Bank, Bank of Baroda, State Bank of India, Union Bank of India, Punjab National Bank and HDFC Ltd.
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% |
Which type of home loan is best?
Home
| Home Loan Interest Rates May 2021 | |
|---|---|
| Citibank | 6.65% – 7.40% |
| HDFC | 6.75% – 8.00% |
| ICICI Bank | 6.75% – 7.55% |
| Indiabulls Housing Finance Limited | 8.65% |
Which home loan is better SBI or HDFC?
For
| Category | SBI | HDFC |
|---|---|---|
| Cons | The max loan amount lower as compared with HDFC bank | Higher rates of interest compared to State Bank of India |
How much loan I can get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
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.
What is the EMI for 20 lakhs home loan in SBI?
Here’s the Lowest Calculated
| SBI | 6.80 – 7.70% |
|---|---|
| Bank of Baroda | 6.85 – 7.85% |
| Canara Bank | 6.90 – 8.90% |
| Aadhar Home loan | N.A |
How is home loan interest calculated?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
How much home loan can I get on 40000 salary?
How much home loan can I get on my salary?
| 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 check my Indian Bank PMAY status?
PMAY Application Status
Check PMAY Status by dialing the toll-free numbers 1800 11 3377, 1800 11 3388 and 1800 11 6163.