Quick Answer: How Much Home Loan Can I Get On 50000 Salary?

SBI home loan eligibility based on salary

AgeNet Monthly Income (Rs.)
25,00050,000
35 years48.12 Lakh72.18 Lakh
40 years48.12 Lakh72.18 Lakh
45 years45.37 Lakh68.05 Lakh

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How much 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 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 45000 salary?

It depends on your life style amd how much you spend out of the 45000/- salary. As a rule of thumb the financial institutions will consider 40–50% of your salary as your EMI payability (the amount you can pay as EMI) and grant you a loan of 20–25 lakhs (Home Loan) for a period of 20–25 years.

How much home loan can I get on 50000 salary Quora?

While many home loan eligibility calculators are available online, simply put, if your salary is 50k and you do not have any existing loans then the bank assumes you can pay around 25k a month as home loan EMI. Per the current ongoing rate of 8.6% for 20 years, your existing salary can get you a loan of around Rs.

Which home loan is best?

  • #1. ICICI Bank Home Loan.
  • #2. State Bank of India Home Loan.
  • #3. HDFC Bank Home Loan.
  • #4. Axis Bank Home Loan.
  • #5. Dewan Housing Finance Ltd. ( DHFL)
  • #6. Indiabulls Home Finance.
  • #7. LIC Housing Finance Home Loan.
  • #8. PNB Housing Finance.

Which bank is best for personal loan?

HDFC Bank, Tata Capital, RBL Bank, Citibank, ICICI Bank are the best banks for personal loan, if you are looking for an instant personal loan with in 1-2 days. The interest rates of these banks are in the range of 10.5% to 18%.

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.

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 Loan8.00% – 9.00%
ICICI Home Loan8.25% – 8.70%
PNB Home Loan7.95% – 8.20%
HDFC Ltd Home Loan8.00% – 8.80%

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What is the maximum home loan I can get?

Your Home Loan Eligibility will be calculated after deductions of the EMIs that you are paying. 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.

Can I buy a house making 45k?

Multiply Your Annual Income By 2.5 or 3

Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere between $250,000 and $300,000.

How much home loan can I get on 27000 salary?

If your salary is 27000 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 Loan8.15% – 9.15%
SBI Home Loan7.90% – 8.25%
ICICI Home Loan8.25% – 8.70%
PNB Home Loan7.95% – 8.20%

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How much home loan can I get on 21000 salary?

If your salary is 21000 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 Feb 2020.

Bank of Baroda Home Loan8.15% – 9.15%
ICICI Home Loan8.25% – 8.70%
PNB Home Loan7.95% – 8.20%
HDFC Ltd Home Loan8.00% – 8.80%

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How much loan a salaried person can get?

If you are a salaried person, you need to have a minimum income of Rs. 20,000 per month. You would be eligible for a maximum loan of Rs. 15, 00,000.

How much home loan can I get on 90000 salary?

Re: How much mortgage does a 90,000 salary qualify for

This would include property taxes, HOA, and insurance. So on $90,000, they likely wouldn’t get approved for much more than $2,700/month. At current rates, they might get approved for around $500K on a 30 year loan, assuming $500/month for taxes and insurance.

How much loan can I get on 65000 salary?

Annual income of $65,000 is $5,417 monthly. A buyer with a score of 740 or higher and a 20% down payment will qualify for a purchase of about $525,000, assuming they have no other debt and get a rate of 4.25%. If they have, say, $500 in other payments, they’ll qualify for about $425,000 at the same DTI.