10 March 2022 19:50

How to get 7 lakh loan


Can I get personal loan of 7 lakhs?

Yes, you can get ₹7 lakh personal loan without collateral as a personal loan is an unsecured financing option. Note that since a personal loan is unsecured, the income requirements are high.

What is the EMI of 7 lakh loan?

7 Lakh Home Loan EMI Details

Repayment Period EMI Per Month
5 Years Rs. 14196
10 Years Rs. 8491
15 Years Rs. 6692
20 Years Rs. 5852

What is the EMI for 8 lakhs personal loan?

₹ 8 lakh Personal Loan EMI with Different Tenors

Loan Amount EMI
EMI when Tenor is 1 year ₹ 8 Lakh ₹ 70,426
EMI when Tenor is 2 year ₹ 8 Lakh ₹ 37,008
EMI when Tenor is 3 year ₹ 8 Lakh ₹ 25,908
EMI when Tenor is 4 year ₹ 8 Lakh ₹ 20,386

What is the interest for 7 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

Can I get personal loan for 7 years?

In Fullerton India, Personal loan with tenure 7 years or more does not exist, since the maximum tenure is up to 5 years. If you are looking for a loan with tenure longer than 5 years, you may have to pledge security such as property or financial assets.

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

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 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.

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.

What is the interest of 5 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%
₹ 1 lakh ₹130917 ₹130917
₹ 2 lakh ₹261834 ₹261834
₹ 5 lakh ₹654586 ₹654586
₹ 10 lakh ₹1309171 ₹1309171

How much interest will I get for 10 lakhs?

For example, at an interest rate of 5.15%, a non-cumulative, 12-month tenor for ₹10 lakh Bank FD will fetch you ₹4,291.67 per month. At the same rate of interest, you will earn ₹12,875 every three months, ₹25,750 every six months, and ₹51,500 annually.

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 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 home loan can I get on 80000 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.)
50,000 38,04,983
60,000 46,43,370
70,000 54,81,756
80,000 63,20,142

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 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 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

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

Can I Get home loan with 18k salary?

The minimum salary required to avail home loan from HDFC is ₹ 18,000.

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.

Can I get personal loan if my salary is 13000?

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.

Which bank gives loan for low salary?

Best Personal Loans for Individuals with Low Salaries

Bank Interest Rate Minimum Monthly Income
Axis Bank 12% – 21% p.a. Rs.15,000
State Bank of India 9.60% p.a. Rs.15,000
HDFC Bank 10.75% – 21.30% p.a. Rs.25,000
HDB Financial Services Up to 36% p.a. Rs.15,000 for all locations and Rs.20,000 for metro cities

Can we get loan without salary slip?

If you are self-employed, a freelancer, earning in cash, or working on a contract, you may seek a personal loan with no salary slip. In such cases, you need to produce other financial documents to validate your income. This may take the form of an income certificate, bank account statements, ITR or Form 16.

Can I get loan if my salary is 12000?

So, if your salary is less than Rs. 12,000, assure the lender that you have other sources of income to repay your personal loan on time. However, ensure that you meet the rest of the eligibility parameters and submit the basic documents required to increase your chances of being approved for a personal loan.

How can I get loan with low salary?

The documents required are:

  1. Filled-in personal loan application form.
  2. KYC documents (PAN Card, AADHAR and Voter ID)
  3. Form 16 and last 2 months salary slip (for salaried)
  4. Income proof/ IT Returns ( for self-employed)
  5. Last three months bank account statement of salary account/ current account (for self-employed)

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

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)