What is the minimum salary for personal loan in IDFC bank?
₹20,000
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 can I check my personal loan eligibility IDFC First Bank?
With IDFC FIRST Bank, you can call the helpline number 1860 500 9900 to know your loan status.20-Oct-2022
What are the Eligibility Criteria for Personal Loan with 25,000 Salary?
What is the EMI for 2.5 lakhs personal loan?
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.
The documents required to apply for a personal loan for salaried individuals is usually minimal and hassle-free. The documents required are as follows: Past 3 months' salary slips. Last 6 months bank account statements.
What is the EMI for 2 lakh?
The EMI amount will vary on the interest rate and repayment tenor. For instance, if you apply for Rs. 2 lakh personal loan for a tenor of three years at 13% interest, you will need to pay an EMI of Rs. 6,739.
EMI for Personal Loan of Rs 3 lakh for Tenures of 1-5 years
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 most common reason a lender may reject your Personal Loan application is low income. If your income is less than the minimum income requirement set by the lender, the lender may reject your loan request.
Who are all eligible for personal loan?
You need to be a residing citizen of India. You should be aged between 21 years and 67 years* You need to be employed with a private, public limited company, or an MNC. You should have a minimum CIBIL score of 750.
Personal loan amounts range from Rs. 50,000 up to Rs. 50 lakhs. The loan amount is determined based on factors like your age, income, credit score and job type.
Can I get personal loan with 15000 salary?
Banks and non-banking finance companies offer easy personal loans to those with a decent credit repayment history and a minimum monthly salary of Rs 15,000.30-Oct-2022
So, if your salary is less than Rs. 12,000, assure the lender that you have other sources of income to repay your personal loan on time. However, ensure that you meet the rest of the eligibility parameters and submit the basic documents required to increase your chances of being approved for a personal loan.
Which bank gives instant personal loan?
Top Instant Personal Loans from Banks
EMI for Personal Loan of Rs 5 lakh for Tenures of 1-5 years
What is the interest of 3 lakh loan in SBI?
SBI Personal Loan EMI for ₹ 3 Lakh
Personal loans for loan amounts of Rs 4 lakh are usually offered at interest rates starting from 10.49% p.a. onwards for tenures of up to 5 years.
Can I take personal loan 2 times?
Yes, you can take more than one personal loan, as there are no restrictions. But, you would need to meet the eligibility criteria like income, job stability, age, credit score, existing loans etc., to avail the second loan.
Banks like Citibank allow you to take personal loans of up to Rs. 30 lakh in a span of 48 hours, without any documentation such as income proof, and address proof, provided your residence and office address is updated in the Citibank account. A personal loan, free of documentation, is a dream for most borrowers.
Can I get loan in 20k 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
What is the minimum salary for personal loan in IDFC bank?