Quick Answer: Can I Get Personal Loan Of 20 Lakhs?

How much loan I can get if my salary is 25000?

Here taking a salary as ₹ 25k, & without any fixed monthly obligation, you can pay a maximum of ₹ 12,500 as EMI considering 50% FOIR.

If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 13,73,026 using a home loan eligibility calculator (assuming 3 household members)..

How can I get 2 lakh loan fast?

2 lakh loan from Bajaj Finserv.Instant approval. Meet the basic eligibility criteria to avail this short-term loan. … Loan disbursed within only 24 hours. … Simple documentation. … Up to 45% less EMIs. … Pre-approved offers. … Zero hidden charges. … Flexible repayment tenor. … Collateral free credit.More items…

How can I get 25 lakh loan?

Personal Loan up to Rs. 25 lakh – only with Bajaj FinservHighlights.A Flexi Personal Loan lowers your EMIs by up to 45%Bajaj Finserv Personal Loan comes with flexible repayment tenor.Bajaj Finserv disburses the loan amount in just 24 hours.

Can I get 15 lakh loan?

15 lakh with flexible repayment….Axis Bank Personal Loan Details.Interest Rate12% – 21% p.a.Loan AmountUp to Rs.15 lakhLoan TenureUp to 5 yearsMinimum Income RequiredRs.15,000 (monthly)

Can I get a loan of 1 lakh?

1 lakh personal loan from Bajaj Finserv. Enjoy instant approval and disbursal within only 24 hours, hassle-free application process and easy to meet eligibility criteria for instant financing. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

What will be the EMI for 15 lakhs?

14 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month10 YearsRs. 1611115 YearsRs. 1242820 YearsRs. 1068725 YearsRs. 97172 more rows

What will be the EMI for 50 lakhs?

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

How can I make 5 lakhs immediately?

It just takes three simple steps to get an instant personal loan online!Check eligibility and select a personal loan plan. Fill in a few basic details to check your eligibility. … To get your personal loan approval, you have to. upload a few documents to complete your. … Once your personal loan is approved and the.

How can I get 4 lakh loan?

Bajaj Finserv offers this unsecured loan of Rs. 4 lakh which can also be availed in a higher amount of up to Rs. 25 lakh if you meet the eligibility criteria. Since it is a collateral-free low income personal loan, you do not have to worry about mortgaging any asset to avail the funds.

How is loan eligibility calculated for salary?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 20,000*12*5 = ₹ 12,00,000. However, the multiplier is 20, then the loan amount will be ₹ 40,000*20 = ₹ 8,00,000. Therefore, the amount you will get on ₹ 40,000 salary is ₹ 8,00,000.

Can I get 10 lakhs personal loan?

10 Lakh Personal Loan: Features and Benefits. Enjoy instant approval and same-day disbursal on Rs. 10 lakh personal loan from Bajaj Finserv. Simply meet the necessary eligibility criteria to borrow the funds without pledging any collateral.

How much loan can I get if my salary is 15000?

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.

How is loan amount calculated?

The bank uses the latest interest rate to calculate this. So if your monthly net savings is Rs 12,600, the bank assumes that that is the amount available to pay off the EMI. If the prevailing interest rate is 10 per cent and you have applied for a loan tenure of 10 years, you will be eligible for a loan of Rs 9.5 lakh.

What will be the EMI for 25 lakhs home loan?

Current EMI for ₹ 25 Lakh loan is ₹ 16,132 and EMI for ₹ 30 Lakh loan is ₹ 19,358 for a 30 year loan at the minimum interest rate.

What is the EMI for 20 lakhs personal loan?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

How much personal loan can I get if my salary is 40000?

On the other hand, if you are wondering – how much personal loan can I get on a 40,000 salary, the loan sanction amount will be close to Rs. 10.80 lakhs….Multiplier Method.SalaryExpected Personal Loan AmountRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhsRs. 60,000Rs. 16.20 lakhs2 more rows•Apr 8, 2020

What is the EMI for 40 lakhs loan?

EMI Calculations for a Home Loan of Rs. 40 Lakh with varying TenorsLoan DetailsMonthly Instalment40 lakh home loan EMI for 30 yearsRs. 35,10340 lakh home loan EMI for 20 yearsRs. 38,60140 lakh home loan EMI for 15 yearsRs. 42,98440 lakh home loan EMI for 10 yearsRs. 52,860

Can I get 20 lakh loan?

20 Lakh loan with Bajaj Finserv to fund your big-ticket expenses. Meeting the right eligibility, you can also avail a loan amount of higher value up to Rs. 3.5 Crore. The credit is available for both salaried and self-employed individuals.