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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 Amount | Rate of Interest | Per Month EMI |
|---|---|---|
| 5 Lakh | 15.00\% | Rs.17332.66 |
| 5 Lakh | 16.00\% | Rs.17578.52 |
| 5 Lakh | 18.00\% | Rs.18076.2 |
| 5 Lakh | 20.00\% | Rs.18581.79 |
Which type of home loan is best in India?
Top Home Loan Schemes & Offers
- Kotak Mahindra Bank – Best for Low Interest Rate.
- SBI Bridge Home Loan – Best for Short-Term Requirements.
- ICICI Bank Extra Home Loans– Best for Long Term Requirements.
- Canara Bank Housing Loan – Best Interest Rate for Women.
- Axis Bank Home Loan – Best Interest Rate for Salaried Employees.
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 |
What is the eligibility for 5 lakh personal loan?
Eligibility Criteria for Personal Loan of ₹ 5 Lakh In general, you can apply for a personal loan upto ₹ 5 Lakh if your age falls within the range of 18 years to 65 years. Income: A ₹ 5 Lakh personal loan application gets approved in no time for salaried employees earning a minimum of ₹ 25,000 monthly.
Is SBI good for home loan?
SBI Home Loan is much sought after, thanks to its competitive interest rates and impressive turnaround times. The interest rates are as low as 6.95\%. The Loan process is see-through and quick. Good repayment tenure that extends up to 30 years, makes paying back your Home Loan as easy as pie.
How much interest will I get for 5 lakhs fixed deposit?
How much monthly income: At the current interest rate of simple interest of 7.3 per cent, on a principal amount of Rs 5 lakh, the total interest comes to Rs 1,82,500, which yields Rs 3,041 as the monthly interest amount.
How can I get a loan of 5 lakhs in India?
Loan Granted offers India’s quickest online personal loans with disbursal in just 24 hours. You will get a loan up to INR 5 lakhs without the need to promise any guarantee. Basically, you have to meet Loan Granted’s simple eligibility criteria and submit your basic documents to avail the money you need.
Why loan granted is India’s quickest personal loan?
Cash in the bank in 24 hours: Loan Granted offers India’s quickest personal loan with disbursal in only 24 hours*. Flexible and adaptable payback terms: With loan up to Rs. 5 lakh on offer, you can meet any financial commitment without an issue. Borrow as much as you need and reimburse it in flexible payments.
Why Bajaj Finserv for Rs 5 lakh loan EMI?
With this long period, it is easy to manage your finances and make timely payment of your Rs.5 lakh loan EMI. Bajaj Finserv also provides quick approval to the loan application within 5 minutes. All you need to do is meet the basic eligibilities and furnish the required documents to avail it.
How to apply for low income personal loan in India?
All you need to do is meet the basic eligibilities and furnish the required documents to avail it. Also, the amount of Rs.5 lakh is available as low income personal loan to suit the financing requirements of individuals with lower incomes. Along with quick approval, the loan is also disbursed to your account within 24 hours of approval.