Question: How Much Loan Can I Get If My Salary Is 6000?

Then, the maximum amount you can pay as EMI is Rs.

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.

1,000*

Loan AmountCashback
Rs.

12 lakh and above

Rs.

1,000

Rs.

8 lakh – less than Rs.

12 lakh

Rs.

500

Rs.

6 lakh – less than Rs.

8 lakh

Rs.

400

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How much loan can I get if my salary is 5000?

Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.

personal loan for low salary less than 10000.

BankMinimum Monthly Income Required
SBIRs. 5000
Indian Overseas BankRs. 5000
Punjab National BankRs. 10,000
HDFC BankRs. 15,000

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How much loan I 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.

What is the minimum salary to get personal loan?

Although, individuals with minimum monthly income of Rs. 25,000 are preferred more by the banks. And for self- employed individuals, a gross annual income of minimum Rs. 5 lakh is usually needed to qualify for a personal loan.

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

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

ProductSalaryMax. loan amount
Personal Loan15000140000
Home Loan15000850000
Car Loan15000310000
Credit Card15000

How can I get a 20000 loan?

Availing a personal loan of INR 20,000 is easy when you approach a flexible lending institution.

Some of the documents required are:

  • Photo Identity Proof.
  • Residence Address Proof.
  • Residence Ownership Proof.
  • Income Proof.
  • Job Continuity Proof.
  • Bank Statement.
  • Investment Proof.
  • 1 passport size color photograph.

What is the maximum personal loan I can get?

However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.

Is it hard to get a bank loan?

It’s becoming increasingly difficult to qualify for a personal loan through your bank or credit union, especially if you want a larger amount, but it is possible to get a reasonable loan if you meet the requirements.

How is EMI calculated?

The mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

How much home loan can I get on 15000 salary?

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

ProductSalaryMax. loan amount
Personal Loan15000140000
Home Loan15000850000
Car Loan15000310000
Credit Card15000