Quick Answer: How Much Loan Can I Get On 50000 Salary?

Can I get personal loan of 20 lakhs?

Take note of the personal loan eligibility criteria mentioned below before applying….Eligibility Criteria for Rs.

20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 yearsNationalityResiding Indian citizenCIBIL score750 and above.

Can I get 10 lakh loan?

With Bajaj Finserv, you can avail a high-value Mortgage Loan of up to Rs. 10 Lakh at affordable rate of interest. Both salaried and self-employed individuals can avail the loan.

What is the EMI for 20 lakhs home loan?

EMIs on a 20 lakh home loan for 30 yearsLoan AmountInterest rateEMIRs.20 lakh10%Rs.17,551

What is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 15 YearsRs. 15,00,00019,82316,119

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 is cc limit?

Cash credit limit or CC limit is a kind of current account with cheque book facility. … CC limit holders offers stock and debtors as primary security to the bank. A CC limit or cash credit limit allows you to withdraw money or issue cheque up to the approved CC limit, even if there is no balance in the account.

Which type of loan is cheapest?

To know which type of loan is cheapest in India, we are showing some of the top secured loans so that you can make the decision….Car Loan Interest Rates of Top Lenders.Car Loan LenderInterest Rate (in per annum)ICICI Bank9.30% – 12.85%HDFC Bank7.70% – 13.55%Bank of India7.35% – 7.95%IDBI Bank8.10% – 8.70%6 more rows

Can I get a mortgage with 50k salary?

With a $50,000 annual income ($4,167 per month), $1,700 in housing and other monthly payments gets you a 41 percent DTI. So if $400 of your monthly debt payments go to a car loan, a student loan and minimum payments on your credit card debt, you would have $1,300 to spend for housing.

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

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 much home loan can I get on 50000 salary?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.25,000Rs.18,64,338Rs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,6761 more row

How much can I borrow on 50000 a year?

On a $50,000 salary (before tax), you can borrow between $200,000 and $350,000 for the purpose of purchasing a property to live in to be repaid over a 30 years loan term.

How much loan can I get on 55000 salary?

55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule.

How much do I need to earn to borrow 500k?

Gill McLean: An applicant who is single, with no debts and no dependent children would need to earn approximately $87,000 per annum to qualify for a loan of this amount. The deposit required on a loan amount of $500,000 would be approximately $52,000 if a client were purchasing a property to the value of $530,000.

How much do u need to earn to get a mortgage?

How Much Do You Need to Earn to Get a Mortgage? The rule of thumb is that your mortgage should not make up more than 28% of your gross income. Most mortgage providers will use this figure when deciding whether to offer you a mortgage.

What is the minimum salary to get home loan?

₹10,000Home Loan Eligibility Criteria Age Limit for Salaried Individuals: 21 to 65 years . Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a.

How much home loan can I get on 35000 salary?

“How much home loan can I get on my salary?” If you are a salaried employee and you plan to own a house, this is the first question that pops up in your mind….Understand your salary:Net Monthly Income (₹)Loan Amount (₹)₹ 30,000₹ 17,09,806₹ 35,000₹ 20,46,586₹ 40,000₹ 23,83,366₹ 50,000₹ 30,56,9262 more rows

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)