Question: What Is The EMI For 10 Lakhs Home Loan?

How much loan I can get if my salary is 60000?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 36,000*12*5 = ₹ 21,60,000.

However, the multiplier is 20, then the loan amount will be ₹ 60,000*20 = 12,00,000.

Therefore, the amount you will get on ₹ 60,000 salary is ₹ 12,00,000..

Can I get 15 lakh loan?

15 lakh with flexible repayment….Axis Bank Personal Loan Details.Interest Rate12% – 24% p.a.Loan AmountUp to Rs.15 lakhLoan TenureUp to 5 yearsMinimum Income RequiredRs.15,000 (monthly)

How can I get 6 lakh loan?

6 lakh Personal Loan, follow these simple steps mentioned below:Enter your employment, financial, and personal information.Select the loan amount and repayment tenor to avail the funding rapidly.Submit the required documents with our representative, who will get in touch with you.More items…

How much interest will I get for 10 lakhs?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

What is the EMI for 12 lakhs home loan?

Check EMI Calculation for 12 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 12 Lakh home loan amount per month?…EMI Calculation for 12 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs. 2433610 YearsRs. 1455615 YearsRs. 1147220 YearsRs. 100322 more rows•Feb 13, 2014

What is the EMI for 15 lakh home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years30 years₹ 20 Lakh₹ 17,698₹ 12,972₹ 25 Lakh₹ 22,123₹ 16,215₹ 30 Lakh₹ 26,547₹ 19,458₹ 50 Lakh₹ 44,245₹ 32,4301 more row

Can I get home loan with 15000 salary?

How much loan amount you can get at 15000 per month income so here’s the complete list of banks with minimum loan amount, maximum loan amount….Home Loan Interest Rates Dec 2020.SBI6.95 – 7.70%LIC Housing Finance6.90 – 7.30%DHFL Housing8.70%Axis Bank7.75 – 8.40%Bank of Baroda6.85 – 7.85%4 more rows

What is the EMI for 60 lakhs home loan?

60 Lakh at 9% (0.75% per month) rate of interest with tenure of 20 years (240 months). Then, EMI = [60,00,000 x 0.75% x (1+0.75%)^240]/[(1+0.75%)^ (240-1)].

Is Bajaj Finance good for home loan?

Bajaj Finserv is a HFC with its home loan rates benchmarked to PLR. HDFC Bank has an average customer ratings of 4.5, while Bajaj Finserv has an average customer rating of 3.5, based on which it is clear that HDFC Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

What is the interest of 10 lakh in SBI?

Balances above Rs 1 lakh and up to Rs 10 lakh will fetch 6 per cent per annum. For savings account balances above Rs 10 lakh, interest rate of 6.75 per cent per annum will be applicable. Therefore, to earn the higher interest rate you will be required to maintain the balance in the savings account.

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 on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

How much loan can I get if my salary is 1 lakh?

You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs….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

Can I get loan of 10 lakhs?

Affordable Loan Of High Value With Bajaj Finserv, you can avail a high-value Mortgage Loan of up to Rs. 10 Lakh at affordable rate of interest. Both salaried and self-employed individuals can avail the loan. … For salaried individuals, the maximum loan amount can be up to Rs.

How is loan amount calculated?

USING MATHEMATICAL FORMULA 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.

What is the EMI for 10 lakhs home loan in SBI?

Calculated Results for SBI Home Loan EMI5 years10 yearsSBI EMI for a loan amount ₹ 1 lakh at 6.95%₹ 1,978₹ 1,159Total amount you pay back to the bank including principal and interest₹ 1.19 Lakh₹ 1.39 LakhInterest you have to pay during the loan tenure₹ 18,680₹ 39,080Dec 2, 2020