# Quick Answer: What Is The EMI For 20 Lakhs Personal Loan?

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

Multiplier MethodSalaryExpected Personal Loan AmountRs.

20,000Rs.

5.40 lakhsRs.

30,000Rs.

8.10 lakhsRs.

40,000Rs.

10.80 lakhsRs.

50,000Rs.

13.50 lakhs1 more row•Apr 8, 2020.

## How much loan can I get if my salary is 1 lakh?

Home LoanBanksMinimum Income CriteriaMaximum Loan AmountLIC HFLFor Salaried: ₹15,000 per month For Self-employed: ₹2,00,000 per annumMinimum ₹1 lakh to 85% of total cost of the propertyState Bank of India (SBI)For Salaried: ₹1,20,000 (p.a.) For Self-employed: ₹2,00,000 (p.a.)Up to ₹2 crores3 more rows

## How much loan I can get if my salary is 25000?

The take-home salary will determine the EMI amount you can afford and thus the total loan amount you can borrow. 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.

## How is loan amount calculated?

USING MATHEMATICAL FORMULA EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

## How much personal loan can I get if my salary is 40000?

If you take a personal loan for a maximum of 5 years, then your loan amount will be ₹ 20,000*12*5 = ₹ 12,00,000. However, the multiplier is 20, then the loan amount will be ₹ 40,000*20 = ₹ 8,00,000. Therefore, the amount you will get on ₹ 40,000 salary is ₹ 8,00,000.

## How much personal 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

## How much loan can I get if my salary is 50000?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,676Rs.70,000Rs.52,20,1461 more row

## How can I get a low interest loan?

9 Ways to Improve Your Chances of Getting a Low Personal Loan Interest RateShop around.Get a co-signer.Sign up for an autopay discount.Avoid fees.Use collateral.Work with a credit union.Choose a shorter repayment period.Improve your credit score.More items…•

## How can I make 5 lakhs immediately?

How to apply for SBI’s emergency loan?Download YONO SBI app and click on ‘Pre-approved Loan’.Select tenure and loan amount.An OTP will be sent to the registered mobile number. Submit it.The loan amount will be credited.

## Can I get personal loan of 20 lakhs?

Take note of the personal loan eligibility criteria mentioned below before applying….Eligibility Criteria for Rs. 20 Lakh Personal Loan.Eligibility CriteriaRequirementsOccupationSalaried or self-employedAgeBetween 23 and 55 yearsNationalityResiding Indian citizenCIBIL score750 and above

## How can I get 2 lakh loan in one day?

2 lakh cash loan from Bajaj Finserv.Instant 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…

## How much EMI can I get for 5 lakhs?

Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:Loan AmountRate of InterestPer Month EMI5 Lakh15.00%Rs.17332.665 Lakh16.00%Rs.17578.525 Lakh18.00%Rs.18076.25 Lakh20.00%Rs.18581.791 more row

## What is the EMI for personal loan?

Factors affecting Personal loan EMILoan Tenure2 years5 yearsEMI amount for loan amount ₹ 1 Lakh at 10.40%₹ 4,633₹ 2,144Total amount you pay back to the bank including principal and interest₹ 1.23 Lakh₹ 1.67 LakhInterest you have to pay over loan tenure₹ 22,794₹ 67,089

## How can I get 30000 loan?

Documents Required for ₹ 30,000 Personal LoanPan Card.KYC (Identity and Address proof)Salary slips.Income Proof – Latest 3 months salary slips, Receipts, Form 16 etc (for self-employed professionals)Bank Statements – 6 months bank statements.House ownership proof (if any)More items…

## What is EMI full form?

Definition: EMI or equated monthly installment, as the name suggests, is one part of the equally divided monthly outgoes to clear off an outstanding loan within a stipulated time frame.

## How can I get a 20000 loan?

If you need to borrow \$20,000 to consolidate debt, complete a home improvement project, pay medical bills or beyond, you can likely take out a personal loan from a bank, credit union or online lender.

## What is the EMI for 3 lakhs personal loan?

Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :Loan AmountRate of InterestPer Month EMI3 Lakh15.00%Rs.10399.63 Lakh16.00%Rs.10547.113 Lakh18.00%Rs.10845.723 Lakh20.00%Rs.11149.081 more row

## 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.

## How much loan can I get on 30000 salary?

Personal Loan Based on 30,000 Salary However, a monthly salary of Rs 30,000 is considered sufficient for most lenders. It is estimated that personal loan amounts can be up to 10 times a person’s average income.

## How much personal loan can I get for my salary?

However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most of the cases, individuals are eligible for a personal loan amount of up to 30 times of their monthly income.

## What will be the EMI for 20 lakhs?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month15 YearsRs.1912020 YearsRs.1672025 YearsRs.1544030 YearsRs.146802 more rows