How to get 8 lakh loan
What is the EMI for 8 lakh 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 |
Can I get a loan of 6 lakhs?
Yes, you can get a personal loan of 6 lakh without collateral or security because a personal loan is an unsecured loan. Most of the banks do not ask to provide any collateral if you have a decent credit history.
How much EMI can I get for 5 lakhs?
Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:
| Loan Amount | Rate of Interest | No. of Tenure / Repayment |
|---|---|---|
| 5 Lakh | 14.00% | 36 months / 3 year |
| 5 Lakh | 15.00% | 36 months / 3 year |
| 5 Lakh | 16.00% | 36 months / 3 year |
| 5 Lakh | 18.00% | 36 months / 3 year |
What is the EMI for 10 lakh loan?
₹ 10 Lakh Home Loan EMI Details: Different Tenure
| Tenure | 10 Lakhs EMI at 6.70% | 10 Lakhs EMI at 7.0% |
|---|---|---|
| ₹ 10 Lakh Home Loan EMI For 5 years | ₹ 19,660 | ₹ 19,801 |
| ₹ 10 Lakh Home Loan EMI For 10 years | ₹ 11,457 | ₹ 11,611 |
| ₹ 10 Lakh Home Loan EMI For 15 years | ₹ 8,821 | ₹ 8,988 |
| ₹ 10 Lakh Home Loan EMI For 20 years | ₹ 7,574 | ₹ 7,753 |
What is the interest of 8 lakh in SBI?
8 Lakh Home Loan Interest Rates
| SBI | 6.80 – 7.30% |
|---|---|
| ICICI Bank | 6.95 – 8.05% |
| LIC Housing Finance | 6.90 – 7.30% |
| DHFL Housing | 8.70% |
| Axis Bank | 7.75 – 8.40% |
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 |
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 |
How can I get a 150000 loan?
The eligibility criteria for a 150000 instant cash loan
- A borrower must be in an age group between 21 – 58 years.
- A borrower must have an Indian Nationality.
- A borrower must earn a minimum income of Rs. …
- A borrower must submit the last six-months bank statement.
What is the interest rate for 10 lakh per month?
₹ 10 Lakh Fixed Deposit
Also, fixed deposit monthly interest for 10 lakh in bank is 1.75% to 6.85%.
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 5.45% | For 5 years with interest of 5.5% |
|---|---|---|
| ₹ 1 lakh | ₹131243 | ₹131570 |
| ₹ 2 lakh | ₹262487 | ₹263141 |
| ₹ 5 lakh | ₹656217 | ₹657852 |
| ₹ 10 lakh | ₹1312434 | ₹1315704 |
What is the interest of 3 lakh in SBI?
SBI Personal Loan EMI for ₹ 3 Lakh
The following table shows SBI Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 9.60%.
What is the interest of 1 lakh in SBI?
Monthly Interest for Rs. 1 Lakh Fixed Deposit
| Financial Institution | Interest rates | Total Interest Amount Earned |
|---|---|---|
| SBI | 2.90% to 6.20% | Rs. 2,900 to Rs. 31,000 |
| HDFC Bank | 2.50% to 6.30% | Rs. 2,500 to Rs. 31,500 |
| Axis Bank | 2.50% to 6.50% | Rs. 2,500 to Rs. 32,500 |
| IDFC Bank | 2.50% to 5.75% | Rs. 2,500 to Rs. 28,750 |
What is the interest on 10 lakhs?
37,009 if you do not withdraw the monthly interest on the amount deposited. Likewise, for an investment of Rs 20 Lakhs, you will get Rs.
Monthly Payout.
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 526 | Rs. 37,009 |
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
Which bank gives 7% interest on savings account?
AU Small Finance Bank are offering seven per cent interest on savings account. The income slab should be between Rs 25 lakh and Rs 1 crore. Fincare Small Finance Bank offers seven per cent interest rate on savings account. Income slab should be between Rs 5 lakh and 1 crore.
Which bank is giving highest interest?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
| Axis Bank | 7 days to 10 years | 2.50% to 5.75% |
| Union Bank of India | 7 days to 10 years | 3.00% to 5.60% |
| Canara Bank | 7 days to 10 years | 2.95% to 5.50% |
Which bank gives 6% interest on savings account?
Jana Bank states that for savings accounts with balances above Rs 1 lakh and up to Rs 10 lakh, the interest rate earned will be 6%, “6.00% will be paid on incremental balances above Rs. 1 Lac & up to Rs. 10 Lacs.”
Which bank pays monthly interest in India?
Interest Rates on Monthly Income FD Schemes
| Bank | Tenure | Interest Rates |
|---|---|---|
| HDFC Bank FD | 7 days to 10 years | 2.50% to 5.50% |
| Kotak Bank FD | 7 days to 10 years | 2.50% to 5.30% |
| Axis Bank FD | 7 days to 10 years | 2.50% to 5.75% |
| Bank of Baroda FD | 7 days to 10 years | 2.80% to 5.25% |
What is the interest of 1 lakh in HDFC Bank?
HDFC Fixed Deposit (FD) Rates
| Tenor | Interest Rates of FD | ₹ 1 Lakh Fixed Deposit Interest Per Month |
|---|---|---|
| Non-Senior Citizen | Senior Citizen | |
| 1 Year | 4.90% | ₹459 |
| 2 Years | 4.90% | ₹472 |
| 3 Year | 5.15% | ₹509 |
How much interest will 5 crore earn?
Monthly Interest for Rs. 5 Crores Fixed Deposit
| Financial Institution | Interest Rates |
|---|---|
| Axis Bank | 2.50% to 6.50% |
| IDFC Bank | 2.50% to 5.75% |
| Bank of India | 2.85% to 5.55% |
| Canara Bank | 2.90% to 5.75% |
Can I deposit 1 crore in savings account?
Earn interest on ₹ 1 crore fixed deposit up to 7.05%.
₹ 1 Crore FD: Details.
| Banks | FD Interest on ₹ 1 Crore | Senior Citizen Rates on ₹ 1 Crore FD |
|---|---|---|
| HDFC | 6.20% – 6.65% | 6.00% – 6.50% |
| PNB Housing Finance | 5.75% – 6.85% | 6.00% – 6.95% |
| Bajaj Finance | 5.65% – 6.80% | 5.90% – 7.05% |
| SBI | 2.90% – 5.50% | 3.40% – 6.30% |
Which is better FD or RD?
Returns: When returns in FD or RD are compared, then FD seems to give higher returns. The reason is that in RD, the account holder deposits monthly and therefore, the interest is also earned accordingly. Usually, the FD amount is deposited once, and is a lump sum that earns a higher interest rate.
What is bank sip?
Systematic Investment Plans or SIPs are one of the most popular ways of investing in Mutual Funds. SIPs help inculcate financial discipline and build wealth for the future. With SIPs, you can start small and gradually build a corpus in a systematic and planned manner.
Is FD tax free?
FDs offer flexibility in the deposit amount based on the investor’s convenience. Investors can get income tax deductions up to Rs. 1,50,000 per annum under Section 80C of the Income Tax Act, 1961. Premature withdrawal may not be available.