Furthermore, what is the interest on 20 lakh home loan?
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
| Loan Details | Tenor of 20 Years | Tenor of 15 Years |
|---|---|---|
| 35 lakh home loan EMI | Rs.33,776 | Rs.37,611 |
| 32 lakh home loan EMI | Rs.30,881 | Rs.34,387 |
| 30 lakh home loan EMI | Rs.28,951 | Rs.32,238 |
Also question is, what is the EMI for 7 lakhs home loan?
Note*;
| Repayment Period | EMI Per Month |
|---|---|
| 25 Years | Rs. 5404 |
| 30 Years | Rs. 5138 |
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% |
What is the EMI for 20 lakhs home loan in SBI?
Here’s the Lowest Calculated
| SBI | 6.80 – 7.70% |
|---|---|
| LIC Housing Finance | 6.90 – 7.30% |
| Axis Bank | 7.75 – 8.40% |
| Bank of Baroda | 6.85 – 7.85% |
| Canara Bank | 6.90 – 8.90% |
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.
How much loan I can get if my salary is 60000?
The answer is as per the bank rules, an applicant can get up to 60 times of his/her in-hand salary as a loan amount. So, if your salary is Rs 60,000, then you can get up to Rs 36 lakh as a loan amount. However, remember that loan can be available for only up to 80-85% of the property cost.
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 interest of 1 lakh in SBI?
SBI
| Tenure | Rates | Maturity Amount for ? 1 Lakh |
|---|---|---|
| 46 days to 179 days | 3.90% to 4.40% | ? 1,00,492 – ? 1,02,169 |
| 180 days to 210 days | 4.40% to 4.90% | ? 1,02,181 – ? 1,02,842 |
What is the interest for 7 lakhs?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 2 Lakh | 12.50% | Rs. 5,316 |
| 4 Lakh | 14.00% | Rs. 9,307 |
| 5 Lakh | 12.00% | Rs. 9,775 |
| 7 Lakh | 13.00% | Rs. 14,052 |
How much home loan can I get if my salary is 30000?
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 much loan can I get if my salary is 20000?
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 |