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FAQ: Home loan india?

  • Some of the most popular banks offering home loans in India are HDFC Bank, SBI, PNB, ICICI Bank, Bank of Baroda, Axis Bank and Canara Bank. However, the best home loan for you would be the one that matches your loan requirements. Therefore, to get the best bank for home loan first analyse your requirements.

The Bank of India and Central Bank are now offering home loans at low interest rates. These home loans start at 6.75% 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.

Which bank home loan is best in India?

Best Banks Which Offers Home Loans in India

S.No Bank Name Market Percentage
1 SBI Home Loan 34.00%
2 HDFC Ltd 24.13%
3 LIC Housing 05.83%
4 ICICI Bank 13.10%
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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 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 EMI for 50 lakhs home loan?

Details of a 50 Lakh Home Loan EMI Plan

For instance, the EMI for 50 lakhs home loan for 20 years at an interest rate of 10% is just Rs. 48,251.

Who is the No 1 bank in India?

1. HDFC Bank Ltd.

Bank Products Interest Rates
HDFC Home Loan 6.90%
HDFC Personal Loan 10.75%

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

Which type of loan is cheapest?

So, if the prices are high, you can get a higher loan amount against gold ornaments.

Gold Loan Interest Rates of Top Lenders in India.

Gold Loan Lenders Interest Rates (In Per Annum)
HDFC Bank 9.50% – 17.55%
State Bank of India (SBI) 7.50%
Manappuram Finance 12.00% – 29.00%
Union Bank of India 7.00% – 9.60%
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How much interest will I get for 20 lakhs?

Formula of Calculation of EMI

Loan amount Interest Rate EMI per month
5 Lakh 8.35% Rs. 6,159
10 Lakh 8.50% Rs. 9,847
15 Lakh 8.60% Rs. 13,112
20 Lakh 8.70% Rs. 17,610

How much loan I can 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.

Can I get 1 crore home loan?

Rs 1 crore home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 92,701. This means that the total interest paid is Rs 67 lac during the full loan tenure without any prepayments. Rs 1 crore home loan EMI for 10 years at interest rate of 7.5% has a monthly EMI of Rs 1.18 lakh.

How can I make 50 lakhs in 5 years?

  1. 1.HDFC Small Cap Fund.
  2. 2.L&T Emerging Businesses Fund.
  3. Parag Parikh Long Term Equity Fund.
  4. Mirae Asset India Equity Fund.
  5. The Moderate Investor.
  6. 1.Invesco India Contra Fund.
  7. Axis Focused 25 Fund.
  8. 3.Principal Focused Multicap Growth Fund.

How much home loan can I get if my salary is 15000?

1,80,000 per annum or Rs. 15,000 per month. While the exact loan amount that you can borrow will vary based on your income and repayment capacity, you will need to borrow at least Rs. 50,000 from IDBI Bank when taking a personal loan from them.

Can I get 50 lakh loan?

50 lakhs, a maximum loan of Rs 30 lakhs is available. For a commercial property at Rs 50 lakhs, a maximum loan of Rs 35 lakhs is available. Age: Salaried individuals should be in the age bracket of 21 to 60 years and self-employed should be between 25 to 65 years.

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Can I get 50 lakhs 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 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.

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
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