How to get 4 lakh loan
What is the EMI for 4 lakhs personal loan?
Calculated Monthly EMI for 400000 of loan amount for 3 years at various rate of Interest :
| Loan Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 4 Lakh | 14.00% | Rs.13671.05 |
| 4 Lakh | 15.00% | Rs.13866.13 |
| 4 Lakh | 16.00% | Rs.14062.81 |
| 4 Lakh | 18.00% | Rs.14460.96 |
Can I get 5 lakhs personal loan?
Eligibility Criteria for Personal Loan of ₹ 5 Lakh
In general, you can apply for a personal loan upto ₹ 5 Lakh if your age falls within the range of 18 years to 65 years. Income: A ₹ 5 Lakh personal loan application gets approved in no time for salaried employees earning a minimum of ₹ 25,000 monthly.
How much EMI can I get for 5 lakhs?
EMI Calculation for 5 Lakh Home Loan amount for Various Tenure Options:
| Tenure Options | EMI Per Month |
|---|---|
| 5 Years | Rs. 9,853 |
| 10 Years | Rs. 5,754 |
| 15 Years | Rs. 4,438 |
| 20 Years | Rs. 3,817 |
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 | No. of Tenure / Repayment |
|---|---|---|
| 3 Lakh | 14.00% | 36 months / 3 year |
| 3 Lakh | 15.00% | 36 months / 3 year |
| 3 Lakh | 16.00% | 36 months / 3 year |
| 3 Lakh | 18.00% | 36 months / 3 year |
How much loan will I get on my 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 |
What is EMI full form?
An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.
Can I get 5 lakhs loan without collateral?
You can get a Rs 5 lakh Personal Loan from HDFC Bank without having to pledge any asset or provide any collateral. Opting for a Rs 5 lakh loan also helps you avoid having to disrupt your savings to fund urgent needs. Moreover, paying of the Rs 5 lakh loan EMI is easy and can be done as per your repayment capacity.
Can I get 5 lakh loan from SBI?
SBI Emergency Loans
India’s largest public sector bank – State Bank of India is giving relief to the SBI account holders by giving Rs. 5 lakh loan within an hour. The largest lender is offering emergency loans in the amid of COVID-19. The loans can be availed online from the YONO APP.
How can I make 5 lakhs fast?
How To Get 5 Lakh Loan
- You should be in the 21 and 60 years age group.
- You should be a salaried employee with monthly salary slips as income proof or a self-employed individual with evidence of a regular income source.
- Your credit score should be above 600 (minimum).
Can I get loan of about 3 lakh?
Yes, you can get a personal loan of ₹ 3 lakh without collateral because a personal loan is an unsecured financing option. An unsecured loan is a type of loan where you are not asked to pledge your asset as collateral.
How much loan can I get on 30000 salary?
30,000 monthly salary, the maximum loan eligibility will range between Rs. 8.10 lakh and 9 lakh for a loan tenure of 60 months.
How much loan can I get on my salary of 15000?
If you are a salaried individual, then you can be eligible to get a housing loan up to 60x your net monthly income as a rule of thumb. So, if your net monthly salary is Rs. 15,000, you can get a home loan up to approximately Rs. 9,00,000.
Can I get loan if my salary is 17000?
The minimum income for a salaried employee should be at least ₹ 17,000 per month to secure a personal loan from Fullerton India.
Can I get loan with 14000 salary?
You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
Can I buy house with 10000 salary?
The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000.
How much loan can I get on 90000 salary?
You are eligible for a home loan up to 60 times of your net salary or monthly income. 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.) |
|---|---|
| 90,000 | 71,58,529 |
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 |