What will be the EMI for 50 lakhs home loan?

What will be the salary for 50 lakh home loan?

Home Loan Eligibility Based on Salary

Eligible Home Loan Amount Net Monthly Income (₹)
Age 25,000 50,000
40 years 43.59 Lakh 65.39 Lakh
45 years 37.31 Lakh 55.96 Lakh
50 years 28.62 Lakh 42.93 Lakh

Can I get 50 crore home loan?

Loans up to R 50 crore for start-ups would be treated as PSL exposure for banks. … For individual households, the loan limit will be Rs 10 lakh per borrower, according to RBI’s to revised guidelines.

What is minimum salary required for home loan?

What is the Minimum Salary for a Home Loan? Your salary should be above Rs. 15,000 per month to qualify for a home loan.

Which bank is best for housing loan?

Best banks to get your home loan in 2021

  • Union Bank of India.
  • Union Bank home loan interest rate.
  • Kotak Mahindra Bank.
  • Kotak Mahindra home loan interest rate.
  • Bank of Baroda.
  • Bank of Baroda home loan interest rate.
  • Punjab National Bank.
  • Punjab National Bank home loan interest rate.
IT IS INTERESTING:  Can you negotiate with Midland Credit?

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 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 much loan I can get if my salary is 60000?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.

Multiplier Method.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

Is 100 home loan possible?

No, you can’t get a 100% home loan from any lender, be it the bank, housing finance company (HFC). Lenders finance around 75%-90% of the property cost and the remaining 10%-25% to be borne by you.

How much loan can I get on 27000 salary?

With a salary of ₹ 27,000, the maximum amount he is eligible for is ₹ 5.93 Lakh. The interest he has to pay for this amount for 60 months is 12.99%.

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.

IT IS INTERESTING:  Does Vanguard lend shares to short sellers?