Quick Answer: What Is The EMI For 40 Lakhs Loan?

Can I get 30 lakh loan?

30 Lakh loan from Bajaj Finserv.

The credit is available against property mortgage, and individuals can receive up to Rs.

30 Lakh as a Loan Against Property.

3.5 Crore to individuals..

Is Bajaj Finance good for home loan?

My home loan is running Bajaj Finserv, the interest rate is good around 8.90 for per annum its a floating one, the process was very good and quick. I took the loan amount of Rs. 30 lakhs for the duration of 15 years. They do have balance transfer, part payment option.

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.

What is the EMI for 30 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.

Can I get 40 lakhs home loan?

7.5 Lakhs as the down payment. You can then go ahead to take a Home Loan for the remaining amount of Rs. 42.5 Lakhs to Rs. 45 Lakhs….LenderInterest rate (Min)Interest rate (Max)PNB Housing8.80%9.30%SBI7%7.85%Bank of Baroda6.85%8.25%HDFC6.90%9.25%6 more rows•Nov 25, 2020

What is the EMI for 30 lakhs home loan for 20 years?

Emi Calculated on 6.80%.Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 30 Lakh of loan amountRs.22900Rs.2496045Rs.5496045

How much loan can I get on 50000 salary?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,676Rs.70,000Rs.52,20,1461 more row

Can I get personal loan if my salary is 15000?

Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.

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.

Can I get 50 lakhs loan?

50 lakhs, a maximum loan of Rs 30 lakhs is available. For a commercial property at Rs 50 lakhs, a maximum loan of Rs 35 lakhs is available. Age: Salaried individuals should be in the age bracket of 21 to 60 years and self-employed should be between 25 to 65 years.

Can I get 30 lakh home loan?

If you are looking for a home loan of up to 30 lakhs, then you can easily obtain one here and also enjoy a range of value-added features such as a PMAY subsidy and a flexible tenor.

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).

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

How can I make 50 lakhs in 5 years?

1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•Oct 10, 2019

How much loan can I get if my salary is 30000?

5,40,000. 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….Multiplier Method.SalaryExpected Personal Loan AmountRs. 20,000Rs. 5.40 lakhsRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhs1 more row•Apr 8, 2020

How much loan can I get on 40000 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 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)

Which bank is best for housing loan?

Best Banks Which Offers Home Loans in IndiaS.NoBank NameMarket Percentage1SBI Home Loan34.00%2HDFC Ltd24.13%3LIC Housing05.83%4ICICI Bank13.10%4 more rows