What is the EMI for 10 lakh car?
Table of Contents
What is the EMI for 10 lakh car?
What is a car loan EMI calculator?
| Loan amount | Loan tenure | EMI |
|---|---|---|
| Rs.5 lakh | 5 years | Rs.10,477 |
| Rs.10 lakh | 1 year | Rs.87,637 |
| Rs.10 lakh | 5 years | Rs.20,953 |
| Rs.15 lakh | 1 year | Rs.1,31,456 |
How much car loan can I get if my salary is 30000?
| Bank Name | Min Loan Amount (In Rs.) | Est. total amount (Principal+Interest) (In Rs.) |
|---|---|---|
| SBI | 1 lac | 5,05,830 |
| ICICI Bank | 1 lac | 3,57,030 |
| HDFC Bank | 1 lac | 4,06,256 |
| Axis Bank | 1 lac | 5,21,280 |
How much car loan can I get on 16000 salary?
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. In case you are looking for a loan at better terms, you may check your eligibility here.
How much car loan can I get on 20000 salary?
With the salary of Rs. 20,000 per month, you may become eligible for a maximum loan amount of Rs. 3 Lakhs. In case you do not qualify for a new car loan, you can also check your eligibility for a pre-owned car loan.
How much car loan I can get on my salary?
Having a credit score of 650 or above can help you avail of car loans at low rates. Loan Amount : Most lenders provide car loans for up to Upto 85\% of on-road price. In addition to that, banks limit the maximum loan eligibility at 0.6 of net monthly income.
What should I buy with my salary?
What is the best thing to do with a first salary?
- Highlights.
- Start an FD account for a safe investment.
- Invest in mutual funds for high returns.
- Buy medical and life insurance early in life.
- Keep aside a contingency fund for emergencies.
What is the minimum salary for car loan?
| Salaried Applicants | |
|---|---|
| Minimum Age | 21 years at the time of loan application |
| Maximum Age | 60 years when the loan tenure ends |
| Job Stability | Should have worked continuously for 2 years and at least 1 year with the current employer |
| Minimum Annual Income | Rs.3 lakh |
Can someone earning 6 lakhs per year buy a 6-lakh car?
But instead of saying “someone earning 6 Lakhs in take-home per year can buy a 6-lakh-car”, it would be prudent to list out your earnings and expenditure like I have shown in the example, and work out the car’s value you can afford. Guys its true that there are a lot of factors.
What are the features of Rs 10 lakh personal loan?
10 Lakh Personal Loan: Features and Benefits Enjoy instant approval and same-day disbursal on Rs.10 lakh personal loan from Bajaj Finserv. Simply meet the necessary eligibility criteria to borrow the funds without pledging any collateral. Repay the due amount with ease, with no hidden charges.
How much personal loan can I get on 50000 salary?
In case if you are speculating about how much personal loan can I get on a 50,000 salary, you can expect a loan amount of 13.50 lakhs to be sanctioned by Fullerton India. However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.
What is a car loan eligibility calculator?
Check Car Loan Eligibility Calculator Car loan eligibility depends on various factors. Car loan eligibility calculator helps an individual to get an approximate idea of the amount he is eligible for loaning. The calculator considers different factors for eligibility calculation, especially the income.