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

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

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

How much loan can I get if my salary is 55000?

55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule.

How much do I need to make to afford a 250k house?

How much income is needed for a 250k mortgage? + A $250k mortgage with a 4.5% interest rate for 30 years and a $10k down-payment will require an annual income of $63,868 to qualify for the loan.

How much home loan can I get on 80000 salary?

For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.

How to calculate your home loan eligibility?

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Net Monthly Income (Rs.) Home Loan Amount (Rs.)
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

How much home loan can I get on 75000 salary?

SBI Home Loan Eligibility Based on Salary

Age Net Monthly Income (₹)
25,000 75,000
40 years 50.63 Lakh 1.01 Cr
45 years 47.47 Lakh 94.94 Lakh
50 years 43.08 Lakh 86.16 Lakh

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).

How much home 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.

What is the eligibility for loan?

Check Personal Loan Eligibility for Top Lenders in 2021

Bank Age Limit Minimum Income (Per Month)
IndusInd 21 to 60 years Rs.25,000
Ujjivan Small Finance 22 to 58 years Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years Rs.35,000
HDBFS 21 to 65 years Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed

Can I buy a house with 20k income?

How Much Mortgage Do I Qualify for If I Make $20,000 a Year? As discussed above, a home loan lender does not want your monthly mortgage to surpass 28% of your monthly income, which means if you make $20,000 a year or $1,676 a month, your monthly mortgage payment should not exceed $469.

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How much income do I need for a 400k house?

What income is required for a 400k mortgage? To afford a $400,000 house, borrowers need $55,600 in cash to put 10 percent down. With a 30-year mortgage, your monthly income should be at least $8200 and your monthly payments on existing debt should not exceed $981.

How much loan can I get if my salary is 17000?

With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.

How can I check my SBI loan eligibility?

c) SBI Personal Loan for Pensioners

Can be availed by central or state government pensioners, defence pensioners as well as family pensioners maintaining SBI pension account. Maximum loan amount that can be sanctioned under the SBI Pension Loan scheme is Rs. 14 lakh.

How much loan can I get if my salary is 10000?

Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.

Personal Loan For Low Salary Less Than 10000.

Bank Minimum Monthly Income Required
Punjab National Bank Rs. 10,000
HDFC Bank Rs. 15,000
ICICI Bank Rs. 17,500