How much loan can I get if my salary is 20000?

How much loan can I get if my salary is 20000?

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

Can I get loan for salary 15000?

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

How can I get 5lakhs loan?

Eligibility Criteria for Rs. 5 Lakh Personal Loan

• You should be between 21 years and 57 years old.
• You will have to receive a minimum monthly income of Rs. 13,500 or more*
• Income must be credited directly to your bank account.
• Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650.

What is the EMI for 5lakh loan?

For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120.

How much loan can I get on 17000 salary?

Fullerton India Personal Loan Eligibility 2022

Which bank gives instant personal loan?

Top Instant Personal Loans from Banks

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

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 :

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.

What is the interest of 5 Lacs?

Monthly Payout

How to get instant loan in 5 minutes?

Required mandatory documents to get instant loan approval in less than 5 mins

• KYC documents for identity verification include Aadhar card/ Smart card driving license.
• PAN card to check your financial histories like income status and credit score.

How can I get personal loan with low salary?

Personal Loan Documentation

• Filled-in personal loan application form.
• KYC documents (PAN Card, AADHAR and Voter ID)
• Form 16 and last 2 months salary slip (for salaried)
• Income proof/ IT Returns ( for self-employed)
• Last three months bank account statement of salary account/ current account (for self-employed)

What is the EMI of 12 lakhs?

EMI for an Rs. 12 lakh home loan for 20 years

What is the EMI for 300000?

Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :

What is the EMI for 3 lakh personal loan?

EMI for Personal Loan of Rs 3 lakh for Tenures of 1-5 years

How much loan can I get 25000 salary?

For instance, if your take-home salary is Rs. 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.)

Can we get personal loan in 18000 salary?

To avail Yes Bank personal loan you need to have a minimum net income of ₹ 18,000 per month.

Who is eligible for SBI home loan?

SBI Home Loan Eligibility Criteria

Can I get a loan in one day?

It's possible to get a loan and have the funds in hand the same day you apply — under certain circumstances. Some online lenders offer same-day loans, and you may even be able check your rates without impacting your credit scores by applying for prequalification.

Which bank gives loan in 24 hours?

Bajaj Finserv offers personal loans that are instantly approved and disbursed within just 24 hours.

Which bank gives personal loan without salary slip?

Hero FinCorp Instant Personal Loan enables paperless documentation without any salary slip or bank statement. The only documents required are an Aadhar card and a PAN card for E-KYC verification.

How much loan can I get if my salary is 20000?