The Bank of India and Central Bank are now offering home loans at low interest rates. These home loans start at 6.85% p.a. and LIC Housing Finance offers home loans which start at 6.90% p.a. Now, India has five housing finance companies which offer home loans below 8% p.a.
Contents
- 1 Which home loan is best in India?
- 2 What is the EMI for 20 lakhs home loan?
- 3 What is the EMI for 30 lakhs home loan?
- 4 How much home loan can I get on 50000 salary?
- 5 What is the EMI for 15 lakhs home loan?
- 6 How can I get a 100% home loan?
- 7 Which type of loan is cheapest?
- 8 Can I get 50 lakhs loan?
- 9 How much loan I can get if my salary is 25000?
- 10 Can I get 30 lakh loan?
- 11 How much loan can I get on 35000 salary?
- 12 What is the EMI for 6 lakhs home loan?
- 13 Can I get 1 crore home loan?
- 14 What is the EMI for 40 lakhs home loan?
- 15 What is the minimum salary for home loan?
Which home loan is best in India?
Best Bank for Home Loan in India 2021 #1. ICICI Bank Home Loan. #2. State Bank of India Home Loan. #3. HDFC Ltd. Home Loan. #4. Axis Bank Home Loan. #5. Union Bank of India Home Loan. #6. Indiabulls Housing Finance Home Loan. #7. LIC Housing Finance Home Loan. #8. PNB Housing Finance Home Loan.
What is the EMI for 20 lakhs home loan?
EMIs on a 20 lakh home loan for 30 years
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs. 20 lakh | 10% | Rs.17,551 |
What is the EMI for 30 lakhs home loan?
Current EMI for ₹ 25 Lakh loan is ₹ 16,132 and EMI for ₹ 30 Lakh loan is ₹ 19,358 for a 30 year loan at the minimum interest rate.
How much home loan can I get on 50000 salary?
How much home loan can I get on my salary?
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.25,000 | Rs.18,64,338 |
| Rs.30,000 | Rs.22,37,206 |
| Rs.40,000 | Rs.29,82,941 |
| Rs. 50,000 | Rs.37,28,676 |
What is the EMI for 15 lakhs home loan?
EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors
| Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 20 Years |
|---|---|---|
| Rs. 15,00,000 | 19,823 | 14,475 |
How can I get a 100% home loan?
No Banks provide 100 % Home Loan. Most lenders require 10-20% of the home’s purchase price as a down payment from you. It is also called ‘one’s own contribution’ by some lenders. The rest, which is 80-90% of the property value, is financed by the lender.
Which type of loan is cheapest?
To know which type of loan is cheapest in India, we are showing some of the top secured loans so that you can make the decision. Car Loan Interest Rates of Top Lenders.
| Car Loan Lender | Interest Rate (in per annum) |
|---|---|
| ICICI Bank | 9.30% – 12.85% |
| HDFC Bank | 7.70% – 13.55% |
| Bank of India | 7.35% – 7.95% |
| IDBI Bank | 8.10% – 8.70% |
Can I get 50 lakhs loan?
50 Lakh loan also becomes convenient with the flexibility of tenor. A salaried individual can opt for a tenure ranging between 2 and 20 years, depending on his/her repayment capacity. For a self-employed individual, the maximum available tenure is 18 years. Choose your repayment period as per your suitability.
How much loan I can get if my salary is 25000?
If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary.
Can I get 30 lakh loan?
Banks which are offering 30 Lakh home loan amount at low rate of interest. 30 Lakh Home Loan Interest Rates.
| SBI | 6.80 – 7.70% |
|---|---|
| LIC Housing Finance | 6.90 – 7.30% |
| Axis Bank | 7.75 – 8.40% |
| Bank of Baroda | 6.85 – 7.85% |
| Canara Bank | 6.90 – 8.90% |
How much loan can I get on 35000 salary?
Understand your salary:
| 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 EMI for 6 lakhs home loan?
Note*; EMI Calculated on 8.00% Rate of Interest. 6 Lakh Home Loan EMI Details.
| Repayment Period | EMI Per Month |
|---|---|
| 25 Years | Rs. 4632 |
| 30 Years | Rs. 4404 |
Can I get 1 crore home loan?
Rs 1 crore home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 80,559. This means that the total interest paid is Rs 93 lac during the full loan tenure without any prepayments. Rs 1 crore home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 92,701.
What is the EMI for 40 lakhs home loan?
EMI Calculations for a Home Loan of Rs. 40 Lakh with varying Tenors
| Loan Details | Monthly Instalment |
|---|---|
| 40 lakh home loan EMI for 30 years | Rs. 35,103 |
| 40 lakh home loan EMI for 20 years | Rs. 38,601 |
| 40 lakh home loan EMI for 15 years | Rs. 42,984 |
| 40 lakh home loan EMI for 10 years | Rs. 52,860 |
What is the minimum salary for home loan?
Home 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.
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