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

Can I buy house with 10000 salary?

The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000. … The income criteria for self employed professionals or businessmen may vary in Karnataka Bank.

How much home loan can I get on 15000 salary?

Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).

How much do I need to make to buy a $300 K House?

What income is needed for a 300k mortgage? + A $300k mortgage with a 4.5% interest rate over 30 years and a $10k down-payment will require an annual income of $74,581 to qualify for the loan.

How much income do you need to qualify for a $800 000 mortgage?

For homes in the $800,000 range, which is in the medium-high range for most housing markets, DollarTimes’s calculator recommends buyers bring in $119,371 before tax, assuming a 30-year loan with a 3.25% interest rate. The monthly mortgage payment is estimated at $2,785.

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Is 10000 a good salary in India?

Salaries to a great extent depend on education, city, gender, age, experience and obviously the country too. … According to the research done by the experts, it was reported that 57% of regular Indian employees earn less than Rs. 10, 000.

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 housing loan can I get on 50000 salary?

Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh.

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.25,000 Rs.18,64,338
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs.50,000 Rs.37,28,676

What is the minimum salary to get 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. However, it may vary from profession to profession.

What salary do you 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. (This is an estimated example.)

What salary do I need for a 500K mortgage?

The Income Needed To Qualify for A $500k Mortgage

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A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income. This means that if you wanted to purchase a $500K home or qualify for a $500K mortgage, your minimum salary should fall between $165K and $200K.

Can I afford a 300k house on a 60k salary?

To afford a single-family home in LA County, realtors suggest an annual income of about $127,000. … If you want to qualify for a single-family home at the median cost in Los Angeles County, your annual income will have to ring in around $127,000, a new report from the California Association of Realtors found.