How Much Loan Can I Get If My Salary Is 55000?

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 loan I will get on my salary?

SBI home loan eligibility based on salary

For instance, if your salary is Rs. 25,000 and the value of house you are buying is Rs. 40 lakh, then at interest rate of 7.90% offered by SBI, the loan amount that you will be eligible for (assuming you have no other EMI’s to pay) would be Rs. 39.15 Lakh to Rs.

How much loan I can get if my salary is 60000?

60,000*60% = Rs. 36,000. If you take a personal loan for a maximum of 5 years, then your loan amount will be Rs. 36,000*12*5 = Rs.

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.