What is the EMI for 50 lakhs home loan for 20 years?
EMI Calculations for a Home Loan of Rs. 50 Lakh with Different Tenors
Tenor of the Loan | EMI Payment (Rs.) | Total Interest Payable (Rs.) |
---|---|---|
10 years | 66,075 | 29,29,079 |
15 years | 53,730 | 46,71,511 |
20 years | 48,251 | 65,80,296 |
What is the EMI for 30 lakhs home loan for 10 years?
EMI Calculations for a Home Loan of up to Rs. 30 Lakh with Different Tenors
Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 15 Years |
---|---|---|
Rs.30,00,000 | Rs.39,645 | Rs.32,238 |
What is the maximum amount of home loan for 50 lakhs?
Generally, the banks provide maximum upto 85\% of loan against the value of property. Therefore, if you want a home loan for buying a property of Rs. 50 lakhs, the maximum amount you can get is 85\% of that ie 42.50 lakhs.
How much salary is required for home loan in India?
You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs. 60,000. Now, a lender will not consider allowances like medical and leave travel when assessing your income. These allowances are provided for the respective expenses; hence, financial institutions exclude them.
What is the maximum eligibility for a home loan?
If you are salaried person, your monthly income and if you are self-employed, in that case your annual profit would decide your home loan maximum eligibility. The loan amount basically depends upon the net income of an individual.
How much home loan can I get with 1500 medical allowance?
Assume your medical allowance is Rs. 1500 and LTA is Rs. 3000. Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh. Use a home loan eligibility calculator to check the home loan amount you are eligible for.