How much home loan can I get if my salary is 10000?
How much home loan can I get if my salary is 10000?
Here taking a salary as ₹ 20k, & without any fixed monthly obligation, you can pay a maximum of ₹ 10,000 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 10,36,246 using a home loan eligibility calculator (assuming 3 household members).
What is the rate of interest of Dhfl?
DHFL Bank Home Loan Details
| Interest Rate) | 8.75% |
|---|---|
| Processing Fees | Salaried/Self-employed professionals: 0.5% + GST Self-employed non-professionals: 0.5% + GST (Net PAT)/1.5% + GST (others) |
| Penal Interest Rate | 18% p.a. on the outstanding amount |
| Part-Prepayment/Foreclosure Charges | 2% to 3% + GST |
| Max Tenure | 30 Years |
What is the EMI for 20 lakhs home loan for 5 years?
EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:
| Tenure Options | EMI Per Month |
|---|---|
| 5 Years | Rs. 39, 414 |
| 10 Years | Rs. 23,016 |
| 15 Years | Rs. 17,754 |
| 20 Years | Rs. 15,267 |
What is the minimum salary for home loan?
What is home loan eligibility?
| Home Loan eligibility criteria | |
|---|---|
| Age Limit of Salaried Individuals | 23 to 62 |
| Work experience of Salaried Applicants | Minimum 3 Years |
| Business Continuity | Minimum 5 Years |
| Minimum Salary | Rs. 25,000 |
Which bank is best for home loan?
Best banks to get your home loan in 2021
- State Bank of India (SBI)
- SBI home loan interest rate.
- HDFC.
- HDFC home loan interest rate.
- ICICI Bank.
- ICICI Bank home loan interest rate.
- Bank of Baroda.
- Bank of Baroda home loan interest rate.
How do I check my home loan status?
A person can check the loan status by calling the number 1860 419 5555 for any financial queries including home loan.
Can I take 2 home loans?
There is no restriction on the number of home loans that a homebuyer can take like there is no restriction on the number of homes that one can buy. According to popular notion, one cannot take more than one home loan at a time but it is not so.
What is the EMI for 15 lakhs home loan?
EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors
| Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 15 Years |
|---|---|---|
| Rs. 15,00,000 | 19,823 | 16,119 |
Who is eligible to apply for DHFL home loan?
DHFL Eligibility Criteria. The eligibility criteria to apply for DHFL home loan is given as follows: The applicant must be an Indian resident or a Non-Resident Indian (NRI) The age of the applicant must be 21 years – 65 years of age. Both salaried and self-employed (businessman or professional) can apply for DHFL home loans.
How does the DHFL home loan EMI calculator work?
The home loan calculator provides an estimated figure for monthly instalments and also gives you a thorough break-up of your home loan repayment schedule. Rest assured, at DHFL we assist all our customers to ensure they have access to the right affordable options for paying their loan. Accessing this DHFL home loan interest rate calculator is easy!
Do you need to know EMI amount to buy home?
When it comes to buying a home and repaying your loan amount through EMIs, you will need to know exactly how much you can invest per month. To know the monthly repayment amount you need to pay for your home loan, you’ll need to get an approximate amount/figure from a DHFL home loan calculator.
How to reduce the interest rate on a DHFL loan?
Following are the ways to reduce DHFL Home Loan interest rate: 1 Increase EMI while keeping the tenure constant 2 Pay off a part of your home loan 3 Transfer outstanding loan to another lender offering lower rates More