Question: How Much Loan Can I Get On 30000 Salary?

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs.

20,16,481 at say an 8.5% interest rate for a tenure of 20 years.

In this situation, the home loan EMI amount you would pay is not more than Rs.

17,500..

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

The take-home salary will determine the EMI amount you can afford and thus the total loan amount you can borrow. For instance, if your take-home salary is Rs. 25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs.

How much loan I can get if my salary is 12000?

Salary of 12000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1200040000Home Loan12000300000Car Loan12000150000Credit Card12000

What is the EMI for 25 lakhs home loan?

25 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month15 YearsRs. 2390020 YearsRs. 2090025 YearsRs. 1930030 YearsRs. 183502 more rows

How much housing loan can I get on 40000 salary?

Housing Loan Eligibility Criteria Net monthly income should be more than ₹ 25,000. In case your net monthly income is between ₹ 25,000 – ₹ 40,000, you may be eligible for loan if your fixed obligations (rent, EMI) do not exceed 50% of income.

Is 27000 a year a good salary?

It’s a low / decent wage, but not very low. When you get to 30,000 a year, then you will hit the lower middle class. 27,000 is very workable money though, especially if your single. Generally speaking, $25,000 and $100,000 a year is middle class.

How much loan can I get on 27000 salary?

Based on the information provided by the applicant, bank will calculate his eligibility using eligibility calculator. With a salary of ₹ 27,000, the maximum amount for which he is eligible is ₹ 5.93 Lakh.

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 16 Lakh₹ 14,159₹ 12,166₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,8111 more row

What will be the EMI for 40 lakhs home loan?

The EMI for a 40 lakh home loan will depend on the interest rate and the tenure period that you and your lender agree upon. For instance, if you get an interest rate of 8% and a tenure period of 20 years, your Equated Monthly Instalment(EMI) will be Rs. 33,458.

Can I buy a house with 30000 Income?

This was the basic rule of thumb for many years. Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere between $250,000 and $300,000.

Does Bajaj Finance check cibil?

Yes, Bajaj Finserv checks the CIBIL score of personal loan applicants. … A credit score of 750 and above is considered ideal for obtaining a personal loan.

How much home loan can I get on 30000 salary Quora?

approximately Rs. 16 lakhsWith a salary of Rs. 30,000 you can avail the loan of approximately Rs. 16 lakhs and you can pay off the loan in a matter of about fifteen years. The eligibility may vary slightly from one lender to another.

How do you calculate loan to salary?

Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income. If your income is less than 30,000, then the maximum obligations cannot exceed 50% of your monthly income. However, for a higher income, the obligations to income ratio can go upto 65%.

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 loan can I get on 24000 salary?

Based on the information provided by the applicant, bank will calculate his eligibility using eligibility calculator. With a salary of ₹ 24,000, the maximum amount for which he is eligible is ₹ 5.89 Lakh.