Asked By: Owen Moore Date: created: Dec 15 2021

Can I get 50 lakhs home loan

Answered By: Joseph Carter Date: created: Dec 16 2021

Your Home Loan Eligibility will be calculated after deductions of the EMIs that you are paying.

Generally, the banks provide maximum upto 85% of loan against the value of property.

Therefore, if you want a home loan for buying a property of Rs.

50 lakhs, the maximum amount you can get is 85% of that ie 42.50 lakhs..

Asked By: Aaron Patterson Date: created: Oct 21 2021

How much loan can I get on 30000 salary

Answered By: Edward White Date: created: Oct 24 2021

For example, if you are wondering how much personal loan can I get on a 30,000 salary….Multiplier Method.SalaryExpected Personal Loan AmountRs. 20,000Rs. 5.40 lakhsRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhs1 more row•Apr 8, 2020

Asked By: Nicholas Cook Date: created: May 20 2021

Can I get 100 percent home loan

Answered By: Jackson Richardson Date: created: May 23 2021

Lending institutions provide Loan Against Property approval for a specific percentage of the mortgaged property’s value. For certain security purposes, lenders do not sanction a Mortgage Loan with LTV of 100%. You can avail a maximum of 90% of the property’s present market value from any lender.

Asked By: Jose Patterson Date: created: May 31 2021

How is loan amount calculated

Answered By: Wyatt Butler Date: created: Jun 02 2021

The bank uses the latest interest rate to calculate this. So if your monthly net savings is Rs 12,600, the bank assumes that that is the amount available to pay off the EMI. If the prevailing interest rate is 10 per cent and you have applied for a loan tenure of 10 years, you will be eligible for a loan of Rs 9.5 lakh.

Asked By: Ryan Cooper Date: created: Dec 19 2021

How much home loan can I get on 40000 salary

Answered By: Ian Mitchell Date: created: Dec 22 2021

40,000, then your EMI should not exceed 50% of your income. However, if your monthly salary is greater than Rs. 40,000, then your EMI should not exceed 65% of your monthly salary. Most lenders offer home loan up to 80% of home value, and the rest 20% has to be borne by you.

Asked By: Jordan Ramirez Date: created: Jul 10 2021

What is the EMI for 4 lakhs home loan

Answered By: Adrian Collins Date: created: Jul 12 2021

Formula of Calculation of EMILoan amountInterest RateEMI per month2 Lakh12.50%Rs. 5,3164 Lakh14.00%Rs. 9,3075 Lakh12.00%Rs. 9,7757 Lakh13.00%Rs. 14,052

Asked By: Devin Price Date: created: Dec 27 2021

What will be the EMI for 50 lakhs

Answered By: Cole Phillips Date: created: Dec 28 2021

We get, PMT (0.006667, 300, 5000000) = Rs 38,591 per month (in EMI). That is, the monthly EMI of Rs 50 lac loan taken for 25 years at 8% is Rs 38,591 per month or housing loan EMI per lakh of Rs 772 per lakh.

Asked By: Gavin Evans Date: created: May 16 2022

What is the minimum salary to get home loan

Answered By: Bryan White Date: created: May 19 2022

₹10,000Home Loan Eligibility Criteria 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. Minimum business income: ₹2 lac p.a.

Asked By: Landon Young Date: created: Nov 29 2021

What is the EMI for 40 lakhs loan

Answered By: Lewis Cox Date: created: Dec 02 2021

EMI Calculations for a Home Loan of Rs. 40 Lakh with varying TenorsLoan DetailsMonthly Instalment40 lakh home loan EMI for 30 yearsRs. 35,10340 lakh home loan EMI for 20 yearsRs. 38,60140 lakh home loan EMI for 15 yearsRs. 42,98440 lakh home loan EMI for 10 yearsRs. 52,860

Asked By: Clifford Lewis Date: created: Aug 18 2021

How much home loan can I get on 15000 salary

Answered By: Walter Evans Date: created: Aug 21 2021

1,80,000 per annum or Rs. 15,000 per month. While the exact loan amount that you can borrow will vary based on your income and repayment capacity, you will need to borrow at least Rs. 50,000 from IDBI Bank when taking a personal loan from them.

Asked By: David Moore Date: created: Oct 18 2021

Can I get 1 crore home loan

Answered By: Dennis Bailey Date: created: Oct 19 2021

Rs 1 crore home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 92,701. This means that the total interest paid is Rs 67 lac during the full loan tenure without any prepayments. Rs 1 crore home loan EMI for 10 years at interest rate of 7.5% has a monthly EMI of Rs 1.18 lakh.

Asked By: Seth Long Date: created: Sep 27 2021

Which type of loan is cheapest

Answered By: Angel Foster Date: created: Sep 29 2021

To know which type of loan is cheapest in India, we are showing some of the top secured loans so that you can make the decision….Car Loan Interest Rates of Top Lenders.Car Loan LenderInterest Rate (in per annum)ICICI Bank9.30% – 12.85%HDFC Bank7.70% – 13.55%Bank of India7.35% – 7.95%IDBI Bank8.10% – 8.70%6 more rows

Asked By: Richard Peterson Date: created: Sep 02 2021

How much income do you need to qualify for a 200000 mortgage

Answered By: Curtis Miller Date: created: Sep 04 2021

Example Required Income Levels at Various Home Loan AmountsHome PriceDown PaymentAnnual Income$100,000$20,000$30,905.31$150,000$30,000$40,107.97$200,000$40,000$49,310.63$250,000$50,000$58,513.2815 more rows

Asked By: Jesus Harris Date: created: Jul 25 2022

Can I buy a house with 40k salary

Answered By: Gregory Brooks Date: created: Jul 28 2022

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)

Asked By: Stanley Collins Date: created: Apr 30 2021

What will be the EMI for 25 lakhs home loan

Answered By: Andrew Watson Date: created: May 03 2021

Current EMI for ₹ 25 Lakh loan is ₹ 16,132 and EMI for ₹ 30 Lakh loan is ₹ 19,358 for a 30 year loan at the minimum interest rate.

Asked By: Carl Alexander Date: created: Apr 05 2022

Can I get personal loan of 20 lakhs

Answered By: Christopher Wood Date: created: Apr 05 2022

Take note of the personal loan eligibility criteria mentioned below before applying….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 yearsNationalityResiding Indian citizenCIBIL score750 and above

Asked By: Oliver Hall Date: created: Apr 06 2022

How much home loan can I get on 30000 salary

Answered By: Gavin James Date: created: Apr 07 2022

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.25,000Rs.18,64,338Rs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,6761 more row

Asked By: Juan Reed Date: created: Apr 18 2021

How much home loan can I get on 35000 salary Quora

Answered By: Reginald Richardson Date: created: Apr 19 2021

35, 000, the maximum loan amount will be Rs. 2, 80, 000 since 80% of the monthly salary is Rs. 28, 000. Multiplying this by 10 gives you the loan amount mentioned above.

Asked By: Noah Sanchez Date: created: Mar 09 2022

How much home loan can I get on 25000 salary

Answered By: Chase Ross Date: created: Mar 12 2022

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.

Asked By: Jeremiah Perry Date: created: Aug 03 2021

What is the EMI for 20 lakhs home loan

Answered By: Philip Russell Date: created: Aug 03 2021

EMIs on a 20 lakh home loan for 30 yearsLoan AmountInterest rateEMIRs.20 lakh10%Rs.17,551

Asked By: Oscar Diaz Date: created: Apr 25 2022

What is the EMI for 15 lakhs home loan

Answered By: Brandon Price Date: created: Apr 27 2022

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 20 YearsRs. 15,00,00019,82314,475

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