What is the eligibility for personal loan in IDBI Bank?

Salaried class individuals having Savings bank account with any of the branch of IDBI Bank can apply for personal loan. Salaried Individuals having saving bank account i.e. liability relation with bank for 3 years or preferred customers having one year banking relation with us.

The EMI for 1-year loan tenure at 11.99% is ₹17,769. For 2-year tenure is ₹9,414, 3-year tenure is ₹ 6,642, 4-year tenure is ₹ 5,266 and 5-year tenure is ₹4,448.

What is the eligibility for 5 lakh personal loan?

Eligibility Criteria for Personal Loan of Rs 5 lakh Minimum income required is Rs 15,000 p.m. for salaried borrowers. CIBIL score of 750 and above usually increases the possibility of availing personal loan of Rs 5 lakh. It might also help in availing personal loan at lower interest rates.

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

What is the EMI for 3 lakhs 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.

What is the EMI for 6 lakhs personal loan?

The table below mentions the EMI calculation for loan amount of ₹ 6 lakh for different tenures at the lowest personal loan interest rate of 10.49% pa.Rs. 6 Lakh Personal Loan EMI with Different Tenors.

Rs. 1 Lakh Personal Loan EMI for 1-5 Years Tenure

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.

10 Lakh Personal Loan EMI for 1-5 Years Tenure. For Rs 10 lakh personal loan, the EMI amount for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 88,844.

What is the EMI for 15 lakhs personal loan?

The EMI amount for 1-year loan tenure on a Rs 15 lakh personal loan at an 11.99% rate of interest per annum is ₹ 1,33,266. Similarly, for 2-year tenure is ₹ 70,603, 3-year tenure is ₹49,814, 4-year tenure is ₹39,493 and 5-year tenure is ₹ 33,359.

You can avail personal loans from Banks and NBFCs for amounts ranging from Rs 10,000 to Rs 40 lakh.

Can I get loan with salary 12000?

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.

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 borrow salary on 13000?

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.

With a loan amount of $30,000, an interest rate of 8%, and a loan repayment period of 60-months, your monthly payment is around $700.18-Dec-2021

What is the EMI for 8 lakh personal loan?

8 lakh as a personal loan at the interest rate of 15% for a repayment tenor of four years, you will need to pay Rs. 22,265 as EMI.

The monthly payment on a $50,000 loan ranges from $683 to $5,023, depending on the APR and how long the loan lasts. For example, if you take out a $50,000 loan for one year with an APR of 36%, your monthly payment will be $5,023.31-Aug-2021

What is the EMI for 3.5 lakhs?

Calculated Monthly EMI for 350000 of loan amount for 3 years at various rate of Interest:

7 lakh on an annual interest of 14% for a tenor of two years, the EMI amount will be Rs. 33,609.

How to get 5 lakh loan from SBI?

How to Apply for SBI's Emergency Loan?

- Go to YONO APP, click on Pre-approved loans.
- Select the tenure and loan amount (Limit is Rs. 5 lakh)
- An OTP will be sent to the registered mobile number, submit it.
- The loan amount will be credited into the account with less than an hour.

What is the eligibility for personal loan in IDBI Bank?