How much can borrow home loan

If you are searching for How much can borrow home loan then must check out tip & Tricks and guide below:

What is the maximum loan amount for home loan?

Generally, the banks provide maximum upto 85% of loan against the value of property. Therefore, if you want a home loan for buying a property of Rs. 50 lakhs, the maximum amount you can get is 85% of that ie 42.50 lakhs. Banks also consider other specific criteria before accepting the property for granting a loan.

How much home loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs.

Home loan eligibility based on salary.
Age Net monthly income (in Rs.)
25,000 – 50,000 75,000
25 Years 18.64 lakh – 37.28 lakh 55.93 lakh
30 Years 18.64 lakh – 37.28 lakh 55.93 lakh
35 Years 18.64 lakh – 37.28 lakh 55.93 lakh

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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

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How much house loan can I get on 60000 salary?

60,000, and after excluding medical allowance, LTA, etc., it goes down to Rs. 49,000. It is upon this amount; will your home loan amount be calculated.

How much home loan can I get on my salary?
Net monthly income Home loan amount
Rs.50,000 Rs. 41,70,657
Rs. 60,000 Rs. 50,04,788
Rs. 70,000 Rs. 58,38,919

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Can I get 1 crore home loan?

Various Banks and NBFCs in India offer home loans up to ₹ 1 crore. The loan amount can be used for various purposes like buying a flat, land, constructed house or an under construction property. The interest rate for home loan of ₹ 1 crore starts at 6.50% p.a .

How much loan can I get on 50000 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

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How much loan can I get on 17000 salary?

Fullerton India Personal Loan Eligibility 2022
Eligibility Criteria Salaried Self Employed Professionals
Minimum Income ₹ 17,000 per month ₹ 2 Lakh gross annual receipts
Maximum Loan Amount ₹ 50,000 – ₹ 25 Lakh ₹ 1.50 Lakh – ₹ 20 Lakh
Work Experience 1 – 12 months 36 months –
Loan Tenure 12 – 48 months 12 months – 48 months

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How much home loan can I get on 55000 salary?

If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule. Assuming, you take the Home Loan for a period of 20 years, as is the usual benchmark, at the rate of 10% per annum, a loan amount of Rs.

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

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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 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

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How much loan can I get on 24000 salary?

Illustration- Mr A who is 25 years old has a net income of ₹ 24,000. He wants to take a personal loan of ₹ 1 Lakh for 72 months. SBI allows a maximum FOIR of 0.45. Based on the information provided by the applicant the maximum amount he is eligible for is ₹ 5.89 Lakh.

How much loan can I get on 23000 salary?

Lenders will assess the personal loan amount according to your monthly salary of INR 23,000. With this income, you can pay an EMI of around 50 percent of your monthly income which is INR 11,500. Based on this, you can get a maximum loan of INR 4 lakh for a period of 5 years at an interest rate of 14 percent per annum.

How much home loan can I get on 40000 salary Quora?

If 40k is your net take home salary after income tax and pf deductions etc. first thing you are supposed to do is save/invest 30% after which you will be left with 28000. Your housing loan EMI will be Rs. 12000 at a minimum per month.

How much home loan can I get on 15000 salary?

Salary of 15000, Am I eligible for Loan? Check here online
Product Salary Max. loan amount
Personal Loan 15000 140000
Home Loan 15000 850000
Car Loan 15000 310000
Credit Card 15000

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