Can private employee get home loan?

Employees of private companies need not worry about getting approved for a home loan from any bank or Non-Banking Financial Company (NBFC). Salaried individuals from private companies are eligible for home loans from almost every financial institution in the country.

How much loan can a private employee get?

Generally, you can avail a personal loan ranging between Rs. 50,000 and Rs. 15 lakh with repayment tenure ranging between 1 year and 5 years.

How much salary is eligible for home loan?

If your net monthly income is between ₹ 25,000 – ₹ 40,000, you may be eligible for a loan if your fixed obligations (rent, EMI) do not exceed 50\% of income. For a net monthly income greater than ₹ 40,000, you may be eligible for loans if your fixed obligations do not exceed 65\% of your income.

Can I get home loan if my salary is 14000?

Are you looking for loans at income of 14000 per month?…Home Loan Interest Rates Dec 2021.

SBI Home Loan	6.70 – 6.90\%
LIC Housing Finance	6.66 – 7.30\%
PNB Housing	6.99 – 8.90\%
Axis Bank	6.90\% – 8.40\%
Bank of Baroda	6.85 – 7.85\%

How much home loan can I get if my salary is 35000?

How Much Home Loan Can I Get?

Net Monthly Income (₹)	Loan Amount (₹)
₹ 30,000	₹ 17,09,806
₹ 35,000	₹ 20,46,586
₹ 40,000	₹ 23,83,366
₹ 50,000	₹ 30,56,926

How can I get a loan from a private job?

How Private Employees Can Get a Home Loan – A Step by Step…

1. Highlights.
2. Calculate your EMIs in advance.
3. Know your credit score before applying.
4. Check your pre-approved offer.
5. Avail doorstep service to get your documents verified.

How do I get a loan for a private employee?

Home Loan Eligibility Criteria for Private Employees

1. You should be an Indian citizen.
2. You should be between 23 and 58 years old.
3. You should be a working professional with experience of minimum 3 years.
4. The minimum loan amount that you can get is Rs.10 lakh and the maximum is Rs 3.5 crore.