How much personal loan can I get if my salary is 16000?

How much loan can I get on 16000 salary?

The maximum loan amount may range between 8 to 10 times your monthly income. Henceforth, you may become eligible for a maximum loan amount of Rs. 1,60,000 which can be repaid in a tenure that is comfortable to you. In case you are looking for a loan at better terms, you may check your eligibility here.

How much loan can I get if my salary is 15000?

A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.

Can I get personal loan if my salary is 15000?

Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.

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How much loan can I get on 18000 salary?

With a salary of ₹ 18,000, the maximum amount he is eligible for is ₹ 3.75 Lakh. The interest he has to pay for this amount for 60 months is 10.70%.

Can I get home loan with 17000 salary?

You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs. 60,000.

How much personal loan can I get on my salary?

However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.

Can I get personal loan if my salary is 12000?

If you earn a salary of less than Rs. 12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. … After speaking to a Bajaj Finserv representative, you can may be able to get your personal loan approved.

Can I get loan with 14000 salary?

Unlike most lenders who require applicants to have a high monthly income, Money View’s eligibility criteria includes more than just your income. Therefore, even if your salary is less than Rs. 15,000 per month, you can still apply for a loan from us.

Can I get personal loan if my salary is 14000?

Are you looking for loans at income of 14000 per month?

Personal Loan Interest Rates Nov 2021.

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ICICI Bank 10.99 – 16.50%
Kotak Mahindra 10.50 – 17.25%
Standard Chartered 11.00 – 12.50%
HDFC Bank 10.75 – 20.75%
Bajaj Finserv 11.99% onwards

How much home loan can I get on 20000 salary?

Understand your salary:

Net Monthly Income (₹) Loan Amount (₹)
₹ 20,000 ₹ 10,36,246
₹ 25,000 ₹ 13,73,026
₹ 30,000 ₹ 17,09,806
₹ 35,000 ₹ 20,46,586

How much home loan can I get on 20000 salary in HDFC?

Salary / Income per Month

Salary / Income per Month SBI Home Loan Eligibility HDFC Home Loan Eligibility
20000 1200000 1200000
25000 1400000 1350000
30000 1700000 1600000
35000 2000000 1900000

Can I get personal loan if my salary is 13000?

Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.