How much can i borrow personal loan calculator

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How much personal loan I can get on my salary?

In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income. Additionally, to minimise the risk of default, lenders keep the EMIs of the loan to about 45-60% of your monthly income.

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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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.
Bank Minimum Monthly Income Required
Punjab National Bank Rs. 10,000
HDFC Bank Rs. 15,000
ICICI Bank Rs. 17,500

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

Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.

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 loan can I get on 40 000 salary?

How much personal loan can I get on a ₹40000 salary? According to the Multiplier method, on a salary of ₹40000, you will be eligible for ₹13.50 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹8.80 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

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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 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 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.

Which bank gives personal loan easily?

 HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.

How much loan can I get if my salary is 13000?

Salary of 13000, Am I eligible for Loan? Check here online
Product Salary Min. loan amount
Personal Loan 13000 45000
Home Loan 13000 300000
Car Loan 13000 100000
Credit Card 13000

How much loan can I get on 30000 salary?

On an Rs. 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 if my salary is 18000?

To avail Yes Bank personal loan you need to have a minimum net income of ₹ 18,000 per month.

Yes Bank Personal Loan Eligibility 2022.
Eligibility Criteria Salaried Self Employed Professionals
Minimum Income ₹ 18,000 per month ₹ 12 Lakh gross annual receipts

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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.

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