Quick Answer: How Much Home Loan Can I Get On 25000 Salary?

Can I buy a house with 50k salary?

Why your debt-to-income ratio is key With a $50,000 annual income ($4,167 per month), $1,700 in housing and other monthly payments gets you a 41 percent DTI.

With a $10,000 down payment and 4.0 percent interest rate, you could probably buy a home for a maximum price of around $200,000..

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 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

Can I get personal loan if my salary is 10000?

The more income proof you are able to provide, the higher will be the approval chances. Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs….personal loan for low salary less than 10000.BankMinimum Monthly Income RequiredPunjab National BankRs. 10,000HDFC BankRs. 15,000ICICI BankRs. 17,5002 more rows•Jun 19, 2019

How much home loan can I get on 50000 salary?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,676Rs.70,000Rs.52,20,1461 more row

Can I get 100 percent home loan?

No, you can’t get a 100% home loan from any lender, be it the bank, housing finance company (HFC). Lenders finance around 75%-90% of the property cost and the remaining 10%-25% to be borne by you.

How much home loan can I get on 30000 salary?

Suppose, your monthly income is ₹ 30,000 and the loan amount you are eligible for is ₹ 15 Lakh, If you add your spouse as co-applicant, earning ₹ 20,000 per month, can increase your eligibility to ₹ 25 Lakh.

How much home loan can I get on 20000 salary?

Salary / Income per MonthSalary / Income per MonthSBI Home Loan EligibilityLIC Home Loan Eligibility20000120000011000002500014000001200000300001700000150000035000200000018000002 more rows

How much home loan can I get on 27000 salary?

Below the eligible loan amount is given if your salary is 27000 per month….For 27000 Salary Per Month Check Loan Eligibility.Personal Loan8 lakhHome Loan20 lakhCar Loan8 lakhTwo Wheeler Loan6 lakhCredit CardCredit limit is totally based on eligibilitySep 25, 2018

How much loan can I get if my salary is 24000?

Based on the information provided by the applicant, bank will calculate his eligibility using eligibility calculator. With a salary of ₹ 24,000, the maximum amount for which he is eligible is ₹ 5.89 Lakh.

What is the EMI for 15 lakh home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different TenorsLoan AmountEMI when Tenor is 10 YearsEMI when Tenor is 20 YearsRs. 15,00,00019,82314,475

What is the minimum salary to get home loan?

₹10,000Home Loan Eligibility Criteria Age Limit for Self-Employed Individuals: 21 to 65 years. Minimum Salary: ₹10,000 p.m. Minimum business income: ₹2 lac p.a.

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

How much home 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.

What is the EMI for 20 lakhs home loan?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month10 YearsRs.2426015 YearsRs.1912020 YearsRs.1672025 YearsRs.154402 more rows•Apr 14, 2014