SBI home loan eligibility based on salary
|Age||Net Monthly Income (Rs.)|
|40 years||48.12 Lakh||72.18 Lakh|
|45 years||45.37 Lakh||68.05 Lakh|
|50 years||41.44 Lakh||62.16 Lakh|
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How much home loan can I get on 40000 salary?
25,000. In case your net monthly income is between Rs. 25,000 – Rs. 40,000, you may be eligible for loan if your fixed obligations (rent, EMI) do not exceed 50% of income.
How much home loan can I get on 50000 salary?
Normally, all banks provide home loans up to 60 times your monthly net income. You have a monthly in-hand (take home) salary as Rs 50,000 and you are looking for a home loan of about Rs 30 lakh.
How much home loan can I get on 80000 salary?
70,000 per month then in this case you will easily get a Home Loan of approximately Rs. 55 Lacs at 9% interest rate on 25 years of Loan tenure.
Can I afford a house making 50000 a year?
Two ways of looking at affordability
Conservatively, your monthly housing costs should total 28% or less of your total gross income. By this measure, a single adult with a $50,000 annual salary, or $4,167 in gross pay per month, can pay housing costs of up to $1,167 per month.
How much home loan can I get on 35000 salary?
If your salary is 35000 per month check how much loan amount you can get for Personal loan, home loan, credit card, car loan, two wheeler loans.
Home Loan Interest Rates Mar 2020.
|Bank of Baroda Home Loan||8.00% – 9.00%|
|ICICI Home Loan||8.25% – 8.70%|
|PNB Home Loan||7.95% – 8.20%|
|HDFC Ltd Home Loan||8.00% – 8.80%|
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What is the minimum salary for home loan?
The applicant’s age should be minimum 24 years and maximum 60 years at the time of applying for a home loan if the applicant is a salaried employee. Salaried applicants should have a minimum monthly income of ₹25,000 per month in a metro city, and a minimum monthly income of ₹20,000 in other cities.