Your question: How many months can you get a personal loan for?

How long of a term can you get for a personal loan?

A personal loan term length is the amount of time you have to pay back the loan. You can find personal loans with term lengths anywhere from 12 to 60 months and sometimes longer. A longer term length means lower monthly payments, but higher interest costs in the long run.

Can you get a personal loan for 20 years?

A Long And Flexible Tenure Of Repayment

Salaried persons can opt for a loan tenure between 2 and 20 years as per their suitability.

What is the monthly payment on a $30000 loan?

For example, the total interest on a $30,000, 60-month loan at 4% would be $3,150. So, your monthly payment would be $552.50 ($30,000 + $3,150 ÷ 60 = $552.50).

How much personal loan can I get if my salary is 20000?

Consider – how much personal loan can I get on a 20,000 salary? Sans any other financial obligations, you can expect to be eligible for a loan of Rs. 5,40,000.

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
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How much personal 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.

How much should you put down on a $12000 car?

The vehicle’s price determines how much cash you should put down

Vehicle Price 15% Down 25% Down
$12,000 $1,800 $3,000
$14,000 $2,100 $3,500
$16,000 $2,400 $4,000
$18,000 $2,700 $4,500

Is personal loan good or bad?

Getting a personal loan is a good idea if you have a stable income and a good credit score because you will then be offered a low rate of interest.

Personal loan – advantages and disadvantages.

Advantages Disadvantages
No security or collateral is required as it is an unsecured loan Requires good credit scores

Is a personal loan cash?

Personal loans are a form of installment credit. Unlike a credit card, a personal loan delivers a one-time payment of cash to borrowers. Then, borrowers pay back that amount plus interest in regular, monthly installments over the lifetime of the loan, known as its term.