How Much Loan I Can Get If My Salary Is 18000?

How much loan can I get if my salary is 16000?

The maximum loan amount may range between 8 to 10 times your monthly income.

Henceforth, you may become eligible for a maximum loan amount of Rs.

1,60,000 which can be repaid in a tenure that is comfortable to you..

Can I get a loan of 1 lakh?

1 lakh personal loan from Bajaj Finserv. Enjoy instant approval and disbursal within only 24 hours, hassle-free application process and easy to meet eligibility criteria for instant financing. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

How can I get a 20000 loan?

How to get a $20,000 personal loanCheck your credit score and report. If you have a FICO credit score of 670 or higher, you may have a good shot at a loan with favorable rates and terms. … Learn how to get preapproved for a loan. … Consider your own bank or credit union. … Look into alternatives. … Get your paperwork together and apply. … The bottom line.

How can I get a loan if my salary is less than 15000?

Axis Bank offers a personal loan to individuals who earn a minimum monthly income of Rs. 15,000. Keep in mind that you need to be over the age of 21 years to borrow a loan from Axis Bank.

How can I get loan without salary slip?

To help you get the funding you desire without proof of employee wages, here are 5 tips to obtain a personal loan without a salary slip.Produce an Alternate Proof of Income. … Maintain a Healthy Credit Score. … Offer to Pledge an Asset as Security. … Sign up for Funding with a co-applicant.More items…

How is loan eligibility calculated for salary?

Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income. If your income is less than 30,000, then the maximum obligations cannot exceed 50% of your monthly income. However, for a higher income, the obligations to income ratio can go upto 65%.

How much loan can I get if my salary is 17000?

RBI keeps Repo Rate unchanged at 4%Eligibility CriteriaSalariedSelf Employed ProfessionalsApplicant Age21 – 58 years27 – 65 yearsMinimum Eligible Income₹ 17,000 per month₹ 2 Lakh gross annual receiptsMaximum Eligible Loan15x of monthly income-Maximum Loan Amount Eligibility₹ 25 Lakh₹ 20 Lakh3 more rows•Sep 2, 2020

What is the EMI for 2 lakhs personal loan?

Calculated Monthly EMI for 2 lakh of loan amount for 3 years at various rate of Interest :Loan AmountRate of InterestPer Month EMI2 lakh14.00%Rs. 6,8362 lakh15.00%Rs. 6,9332 lakh16.00%Rs. 7,0312 lakh18.00%Rs. 7,2301 more row•Aug 17, 2009

How can I get 2 lakh loan?

Features & Benefits of Rs. 2 Lakh Cash LoanInstant approval. Meet the basic eligibility criteria to avail this short-term loan. … Loan disbursed within only 24 hours. … Simple documentation. … Up to 45% less EMIs. … Pre-approved offers. … Zero hidden charges. … Flexible repayment tenor. … Collateral free credit.More items…

What is the EMI for 20 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years20 years₹ 20 Lakh₹ 17,698₹ 15,207₹ 25 Lakh₹ 22,123₹ 19,009₹ 30 Lakh₹ 26,547₹ 22,811₹ 50 Lakh₹ 44,245₹ 38,0181 more row

Can we get 100% home loan?

A 100% home loan allows you to borrow the full purchase price of a property without saving for a deposit. Typically you do not need to demonstrate a savings history, and only require funds to cover the transaction costs such as legal fees and any statutory charges such as stamp duty.

How much loan can I get if my salary is 24000?

Based on the information provided by the applicant, bank will calculate his eligibility using eligibility calculator. With a salary of ₹ 24,000, the maximum amount for which he is eligible is ₹ 5.89 Lakh.

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

Can I get 10 lakhs personal loan?

Personal Loan of Rs. 10 Lakh. Personal Loans are that form of financial assistance that you can avail of in case of any unexpected expense which goes over and above your normal expenses.

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

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1500040000Home Loan15000300000Car Loan15000100000Credit Card15000