Question: What Is The EMI For 8 Lakhs Home Loan?

How much loan can I get on 60000 salary?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 36,000*12*5 = ₹ 21,60,000.

However, the multiplier is 20, then the loan amount will be ₹ 60,000*20 = ₹ 12,00,000.

Therefore, the amount you will get on ₹ 60,000 salary is ₹ 12,00,000..

What is the EMI for 20 lakhs home loan?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month15 YearsRs.1912020 YearsRs.1672025 YearsRs.1544030 YearsRs.146802 more rows•Aug 27, 2013

What is the EMI for 50 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 50 Lakh with Different TenorsTenor of the LoanEMI Payment (Rs.)Total Interest Payable (Rs.)10 years66,07529,29,07915 years53,73046,71,51120 years48,25165,80,296

What is the EMI for 10 lakhs home loan?

EMI Calculation for 10 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs.2028010 YearsRs.1213015 YearsRs.956020 YearsRs.83602 more rows

What is the EMI for 12 lakhs home loan?

Check EMI Calculation for 12 Lakh home loan for 5, 10, 15, 20 Years or How much EMI you have to pay for 12 Lakh home loan amount per month?…EMI Calculation for 12 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month5 YearsRs. 2433610 YearsRs. 1455615 YearsRs. 1147220 YearsRs. 100322 more rows

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 can I get if my salary is 15000?

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1500040000Home Loan15000300000Car Loan15000100000Credit Card15000

How is loan amount calculated?

USING MATHEMATICAL FORMULA EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

What is the EMI for 7 lakhs home loan?

Note*; EMI Calculated on 8.00% Rate of Interest….7 Lakh Home Loan EMI Details.Repayment PeriodEMI Per Month25 YearsRs. 540430 YearsRs. 51384 more rows

What is the EMI for 25 lakhs home loan?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 yearsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 20 YearsRs.25,00,000Rs.33,038Rs.24,126

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 can I get if my salary is 1 lakh?

Home LoanBanksMinimum Income CriteriaMaximum Loan AmountLIC HFLFor Salaried: ₹15,000 per month For Self-employed: ₹2,00,000 per annumMinimum ₹1 lakh to 85% of total cost of the propertyState Bank of India (SBI)For Salaried: ₹1,20,000 (p.a.) For Self-employed: ₹2,00,000 (p.a.)Up to ₹2 crores3 more rows