What will be the salary for 50 lakh home loan?

What is the monthly EMI for 50 lakhs home loan?

Therefore, ensure that as you calculate the EMI on a 50 lakh home loan for various tenors, you check both, your monthly and overall interest outgo.

EMI Calculations for a Home Loan of Rs. 50 Lakh with Different Tenors.

Tenor of the Loan EMI Payment (Rs.) Total Interest Payable (Rs.)
10 years 66,075 29,29,079

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 90000 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.)
70,000 54,81,756
80,000 63,20,142
90,000 71,58,529

How much loan can I get on 40000 salary?

Multiplier Method

Salary Expected Personal Loan Amount
Rs. 20,000 Rs. 5.40 lakhs
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs

What is the EMI for 50 lakhs home loan for 30 years?

Rs 50 lakh home loan EMI for 30 years at interest rate of 8.0% has a monthly EMI of Rs 36,688. This means that the total interest paid is Rs 82 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 25 years at interest rate of 8.0% has a monthly EMI of Rs 38,591.

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 housing loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

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%.

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How much home loan can I get if my salary is 70000?

You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs. 60,000. Now, a lender will not consider allowances like medical and leave travel when assessing your income.

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.50,000 Rs.37,28,676
Rs.70,000 Rs.52,20,146

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

What salary is good for home loan?

EMIs you can afford

Banks and financial institutions ensure that loan EMIs don’t exceed 40-45 per cent of your net salary. How is this information useful? Let’s say your monthly take-home is Rs 1 lakh. So, banks will lend only if your EMIs amount to not more than Rs 40,000-45,000.