Can I get loan for 16000 salary?
16,000 will qualify with certain lenders, some may not approve your loan application especially if you live in metro cities. You need to check with the respective lender about the details. The loan amount is purely decided by the lender based on your eligibility and credit profile.25-Feb-2020
Broadly, banks and NBFCs would offer personal loans up to Rs 150,000 for those with salary of less than Rs 15,000 per month. However, some lenders may offer even higher amount based on some factors, including other sources of income such as rent etc.30-Oct-2022
Can I get loan for 20000 salary?
How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.13-Sept-2021
You can enter loan amounts from 50,000 to 4,000,000 and term from 1 to 5 years.
What is the EMI for 1.5 lakhs personal loan?
Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :
Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
Can I get loan with salary of 10000?
Your salary is a major factor that determines your loan eligibility. Most lenders do not entertain candidates with income less than Rs. 10,000. However, the chances are not completely ruled out.17-Jun-2019
Individuals between 21 and 60 years of age. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer. Those who earn a minimum of 25,000 net income per month.
Can I get personal loan if my salary is 14000?
What is the minimum salary required to get a personal loan? The minimum salary fixed by most lenders is Rs. 20,000 while a few private-sector lenders may give you a personal loan even with a salary of Rs. 15,000.
Fullerton India Personal Loan Eligibility 2022
How much loan can I get 25000?
25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)
Top Instant Personal Loans from Banks
What is the interest of 3 lakh in HDFC?
HDFC Bank Personal Loan EMI for ₹ 3 Lakh
What's a limit? The limit is the total loan amount you've borrowed, and it will reduce over the remaining contract period. If you make extra repayments, it will be reflected on your balance.
What is the EMI for 50000 loan?
50,000 personal loan is 3 years and 14%, respectively, the EMI will stand at Rs. 1,709.
EMI for Personal Loan of Rs 5 lakh for Tenures of 1-5 years
What is the EMI for 3 lakh personal loan?
EMI for Personal Loan of Rs 3 lakh for Tenures of 1-5 years
4 lakh at 14% interest with a repayment tenor of two years. In that case, you need to pay an EMI of Rs. 19,205 with a total interest payable of Rs. 60,925.
How to get loan on low salary?
Personal Loan Documentation
You can apply for a loan without a salary slip by producing an alternative income proof. These documents are the proof of your income and validate your claim that you earn a good amount stated. Some of the commonly used alternative income proofs include ITR, income certificate, lender account statement, etc.16-May-2022
Can I get personal loan if my salary is 13,000?
Your minimum and maximum age limit must be 21 and 58 years respectively to apply for personal loan. Your minimum net monthly salary must be Rs. 13,000 per month and above.
Can I get loan for 16000 salary?