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Question: Home loan emi calculation india?

  • To calculate exact per month emi, it is based on the loan you have taken and the interest on is calculated and the amount is paid within the decided period ie tenure. So if you take a 3000000 home loan and the interest is 8.45% for 20 years, your emi will be Rs. 25,845.

EMIs for a home loan are calculated using the following mathematical formula: EMI = P x r x (1+r) n/ ((1+r)n-1) Where, P = Loan amount r = Rate of interest

How is EMI for home loan calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

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
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What is the EMI for 50 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 50 Lakh with Different Tenors

Tenor of the Loan EMI Payment (Rs.) Total Interest Payable (Rs.)
10 years 66,075 29,29,079
15 years 53,730 46,71,511
20 years 48,251 65,80,296

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 15 Years
Rs. 15 ,00,000 19,823 16,119

What is the EMI for 30 lakhs home loan?

Current EMI for ₹ 25 Lakh loan is ₹ 16,215 and EMI for ₹ 30 Lakh loan is ₹ 19,458 for a 30 year loan at the minimum interest rate.

What is the EMI for 25 lakhs home loan?

EMI on a 25 lakh home loan for 20 years, 15 years and 10 years

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 20 Years
Rs. 25 ,00,000 Rs.33,038 Rs.24,126

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 home loan with 15000 salary?

Here taking a salary as ₹ 30k, & without any fixed monthly obligation, you can pay a maximum of ₹ 15,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 17,09,806 using a home loan eligibility calculator (assuming 3 household members).

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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 can I get on 50000 salary?

How much home loan can I get on my salary?

Net Monthly income Home Loan Amount
Rs.30,000 Rs.22,37,206
Rs.40,000 Rs.29,82,941
Rs. 50,000 Rs.37,28,676
Rs.70,000 Rs.52,20,146

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.

Can I take 2 home loans?

Yes, you can own multiple properties and Apply For a Home Loan for more than one house . However, it depends directly on your income and probability of paying off the debt. You can take the credit from the same finance company or bank, or may explore other avenues.

Can I get 10 lakh loan?

Affordable Loan Of High Value With Bajaj Finserv, you can avail a high-value Mortgage Loan of up to Rs. 10 Lakh at affordable rate of interest. Both salaried and self-employed individuals can avail the loan . For salaried individuals, the maximum loan amount can be up to Rs.

Can I get 15 lakh loan?

15 lakh with flexible repayment. Axis Bank Personal Loan Details.

Interest Rate 12% – 24% p.a.
Loan Amount Up to Rs. 15 lakh
Loan Tenure Up to 5 years
Minimum Income Required Rs.15,000 (monthly)
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How much loan can I get on my salary of 15000?

Salary of 15000, Am I eligible for Loan? Check here online

Product Salary Min. loan amount
Personal Loan 15000 40000
Home Loan 15000 300000
Car Loan 15000 100000
Credit Card 15000
1 звезда2 звезды3 звезды4 звезды5 звезд (нет голосов)
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