How to get 2 lakh loan
The 2 lakh loan can be availed by any individual aged between 21-60, who must be gainfully employed, either salaried or self-employed. You can use a personal loan eligibility calculator to check your eligibility.
How can I get 2 lakh loan easily?
Steps to get Rs. 2 Lakh Personal Loan from Money View
- Check your eligibility. Visit the Money View website or loan app. …
- Choose your loan plan. Based on the options provided, select the loan amount and repayment term of your choice.
- Upload required documents. …
- Loan transfer to your bank account.
What is the EMI for 2 lakhs personal loan?
Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 2 lakh | 14.00% | Rs. 6,836 |
| 2 lakh | 15.00% | Rs. 6,933 |
| 2 lakh | 16.00% | Rs. 7,031 |
| 2 lakh | 18.00% | Rs. 7,230 |
How much loan can I get if my salary is 15000?
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
How can I get lakh loan?
Documents required to get Rs 20 lakh Personal Loan
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement of the previous 3 months (Passbook of the previous 6 months)
What is the monthly interest on 2 lakhs?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 2 Lakh | 12.50% | Rs. 5,316 |
| 4 Lakh | 14.00% | Rs. 9,307 |
| 5 Lakh | 12.00% | Rs. 9,775 |
| 7 Lakh | 13.00% | Rs. 14,052 |
How much 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.
How Much Home Loan Can I Get?
| Net Monthly Income (₹) | Loan Amount (₹) |
|---|---|
| ₹ 30,000 | ₹ 17,09,806 |
| ₹ 35,000 | ₹ 20,46,586 |
| ₹ 40,000 | ₹ 23,83,366 |
| ₹ 50,000 | ₹ 30,56,926 |
How much loan can I get if my salary is 1 lakh?
For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with Rs 40,000 EMI. But for someone with the same Rs 1 lakh salary, but having Rs 75,000 in expenses, will find the Rs 40,000 EMI unaffordable.
What is the interest on 1 lakh loan?
Factors Affecting Personal loan EMI
| Loan Tenure | 2 years | 3 years |
|---|---|---|
| EMI amount for loan amount ₹ 1 Lakh at 10.25% | ₹ 4,626 | ₹ 3,238 |
| Total amount you pay back to the bank including principal and interest | ₹ 1.22 Lakh | ₹ 1.35 Lakh |
| Interest you have to pay over loan tenure | ₹ 22,436 | ₹ 35,476 |
What is the EMI for 3 lakhs personal loan?
Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 3 Lakh | 15.00% | Rs.10399.6 |
| 3 Lakh | 16.00% | Rs.10547.11 |
| 3 Lakh | 18.00% | Rs.10845.72 |
| 3 Lakh | 20.00% | Rs.11149.08 |
How can I get a loan for 1 hour?
Documents Required to Apply for an Instant cash loan in 1 hour
- Identity Proof (Aadhaar / Driving License / Passport / Voter ID)
- PAN card.
- Address Proof (Driving License / Utility Bills / Aadhaar / Passport / Bank Statements / Voter ID)
- Last 3 months payslips.
- Photo with the applicant’s face clearly visible.
What is the interest of 3 lakh in SBI?
Illustration
| Loan amount | Rs.3 lakh | |
|---|---|---|
| Month | Principal Paid(A) (in Rs.) | Interest Paid(B) (in Rs.) |
| 1 | Rs.23,257 | Rs.3,913 |
| 2 | Rs.23,560 | Rs.3,609 |
| 3 | Rs.23,868 | Rs.3,302 |
What is the interest of 3 lakh loan in SBI?
SBI Personal Loan EMI for ₹ 3 Lakh
| Loan Amount | Interest Rate |
|---|---|
| ₹ 3,00,000 | 9.60% |
What is the interest of 2 lakh in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.4% | For 5 years with interest of 5.4% |
|---|---|---|
| ₹ 50,000 | ₹65459 | ₹65459 |
| ₹ 1 lakh | ₹130917 | ₹130917 |
| ₹ 2 lakh | ₹261834 | ₹261834 |
| ₹ 5 lakh | ₹654586 | ₹654586 |
How much loan can I get on 60000 salary?
However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.
Multiplier Method.
| Salary | Expected Personal Loan Amount |
|---|---|
| Rs. 40,000 | Rs. 10.80 lakhs |
| Rs. 50,000 | Rs. 13.50 lakhs |
| Rs. 60,000 | Rs. 16.20 lakhs |
How much loan can I get on 40000 salary?
How much personal loan can I get on a ₹40000 salary? According to the Multiplier method, on a salary of ₹40000, you will be eligible for ₹13.50 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹8.80 lakhs.
How much home loan can I get on 75000 salary?
SBI Home Loan Eligibility Based on Salary
| Monthly Income | Loan Amount |
|---|---|
| Rs. 60,000 | Rs.45,32,079 |
| Rs. 65,000 | Rs.49,09,752 |
| Rs. 70,000 | Rs.52,87,425 |
| Rs. 75,000 | Rs.56,65,098 |
How much home loan can I get on 16000 salary?
The maximum loan amount may range between 8 to 10 times your monthly income. Henceforth, you may become eligible for a maximum loan amount of Rs. 1,60,000 which can be repaid in a tenure that is comfortable to you. In case you are looking for a loan at better terms, you may check your eligibility here.
How much home loan can I get on 90000 salary?
For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.
How to calculate your home loan eligibility?
| Net Monthly Income (Rs.) | Home Loan Amount (Rs.) |
|---|---|
| 70,000 | 54,81,756 |
| 80,000 | 63,20,142 |
| 90,000 | 71,58,529 |
How much home loan can I get if my salary is 70000?
How much home loan can I get on my salary?
| Net monthly income | Home loan amount |
|---|---|
| Rs. 45,000 | Rs. 37,53,591 |
| Rs.50,000 | Rs. 41,70,657 |
| Rs. 60,000 | Rs. 50,04,788 |
| Rs. 70,000 | Rs. 58,38,919 |
How much loan can I get on 17000 salary?
With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
How much loan can I get if my salary is 18000?
With a salary of ₹ 18,000, the maximum amount he is eligible for is ₹ 3.75 Lakh. The interest he has to pay for this amount for 60 months is 10.70%.
Yes Bank Personal Loan Eligibility 2022.
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Minimum Work Experience | 24 months | 36 months |
How much loan can I get if my salary is 10000?
Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.
Personal Loan For Low Salary Less Than 10000.
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
Can I Get home loan with 18k salary?
The minimum salary required to avail home loan from HDFC is ₹ 18,000.