How much personal loan can I get if my salary is 18000?

With a salary of ₹ 18,000, the maximum amount he is eligible for is ₹ 3.75 Lakh. The interest he has to pay for this amount for 60 months is 10.70\%….Yes Bank Personal Loan Eligibility 2021.

How much loan can I get on 20K salary?

Consider – how much personal loan can I get on a 20,000 salary? Sans any other financial obligations, you can expect to be eligible for a loan of Rs. 5,40,000.

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

The maximum amount you can get for a personal loan on 25000 salary will be Rs. 250000/-This again depends on your income, repayment capacity and credit score.

How much personal loan can I get on 20000 salary Quora?

Calculating your personal loan eligibility, most institutes will offer a loan amount between INR 4 to 5 lakh against a monthly income of 20K. This is, however, subject to factors such as your having a good credit score and that your net monthly obligations should be less than 30\% of your income.

Can I get personal loan if my salary is 16000?

16,000 will qualify with certain lenders, some may not approve your loan application especially if you live in metro cities. You need to check with the respective lender about the details. The loan amount is purely decided by the lender based on your eligibility and credit profile.

Can I get home loan on 20k salary?

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).

How much maximum personal loan can I get on my salary?

Salaried individuals can avail personal loans up to Rs. 40 lakh at interest rates starting from 8.90\% p.a. The repayment tenure on these loans ranges between 12 months and 72 months.

What is the minimum salary to get personal loan?

The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).

How much loan can I get on 25000 salary Quora?

With an earning of Rs 25,000 per month, your ability to pay an EMI can at best be around Rs. 10,000 per month and that amount would fetch you a very modest home loan of no more than 10–12 lacs.

How much loan can I get on 15000 salary Quora?

If your salary is 15000 the maximum amount available is 60\% of net salary in hand. Thus tentatively the Maximum affordable EMI comes to Rs. 9000. The nezt criteria is LTV ratio where loan is given at \% of property to be purchased.

How do I calculate my eligibility for a personal loan?

You can calculate your eligibility by using the eligibility calculator tool, which is available on the websites of most lenders or through trusted third-party financial services websites, for free, regardless of whether you proceed with the loan application or not.

What is the ideal EMIS to income ratio for personal loans?

The preferred range of combined EMIs to Income Ratio is between 40-60\%. As we know that personal loans are unsecured loans, the lenders need to build trust in borrowers, and the reputation of your employer is one among those various factors.

What is the eligibility criteria for moneymoneyview personal loans?

MoneyView offers personal loans in the range of Rs 5,000 to Rs 5,00,000 subject to the basic eligibility criteria as mentioned below: Minimum Cibil score of 600 or Experian score of 650 **Please go through the detailed income and credit score requirements Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)

What is the eligibility for personal loan in 2021?

Check Personal Loan Eligibility for Top Lenders in 2021 Bank Age Limit Minimum Work Experience Minimum Income (Per Month) SBI Up to 76 years NA** Rs.15,000 HDFC 21 to 60 years 2 years Rs. 20,000 ICICI 23 to 58 years 2 to 5 years Rs.17,500 Axis 21 to 60 years NA** Rs.15,000