| Monthly Payment (EMI) Total Interest Payable in 20 years Total Payment (Principal + Interest) after 20 years for 10 Lakh of loan amount | Rs.7633 Rs.832015 Rs.1832015 |
|---|
What is the EMI for 10 lakhs in SBI?
| Loan Amount Interest Rate EMI | ₹ 10,00,000 9.60% ₹ 45,961 | ₹ 10,00,000 9.60% ₹ 32,080 | ₹ 10,00,000 9.60% ₹ 25,171 | ₹ 10,00,000 9.60% ₹ 21,051 |
|---|
What is the EMI for 10 lakhs home loan in Canara Bank?
| Loan Amount 10 Year EMI 30 Year EMI | ₹ 10 Lakh ₹ 11,559 ₹ 6,586 | ₹ 20 Lakh ₹ 23,119 ₹ 13,172 | ₹ 30 Lakh ₹ 34,678 ₹ 19,758 | ₹ 40 Lakh ₹ 46,237 ₹ 26,344 |
|---|
What is the interest on 10 lakhs?
On the other hand, the monthly interest on a ₹10 lakh FD in a bank usually ranges from
2.9% – 5.15% per annum
. For example, at an interest rate of 5.15%, a non-cumulative, 12-month tenor for ₹10 lakh Bank FD will fetch you ₹4,291.67 per month.
How much loan I can get if my salary is 25000?
For instance, if your take-home salary is Rs. 25,000, you can avail as much as
Rs. 18.64 lakh
as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)
How much loan can I get if my salary is 1 lakh?
For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with
Rs 40,000 EMI
. But for someone with the same Rs 1 lakh salary, but having Rs 75,000 in expenses, will find the Rs 40,000 EMI unaffordable.
What is the EMI for 20 lakhs home loan?
| Loan Amount Interest rate EMI | Rs.20 lakh 6.75%* Rs.19,300 |
|---|
How much loan can I get on 40000 salary?
| Salary Expected Personal Loan Amount | Rs. 20,000 Rs. 5.40 lakhs | Rs. 30,000 Rs. 8.10 lakhs | Rs. 40,000 Rs. 10.80 lakhs | Rs. 50,000 Rs. 13.50 lakhs |
|---|
What is the EMI for 60 lakhs home loan?
For example, the EMI for a 60 lakhs home loan for 20 years is
Rs. 57,901
and you get a similar value when you set the principal as Rs. 45 lakh and the tenor as 10 years. Likewise, the EMIs for a home loan of 60 lakhs would be lower than those for a loan of 70 lakhs.
What will be the EMI for 15 lakhs?
| Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years | Rs. 15,00,000 19,823 16,119 |
|---|
How much interest will 5 lakhs earn?
If you opt for a non-cumulative, 12-month bank FD at an interest rate of 5.15%, it will fetch you
₹2,145.83
as interest on ₹5 lakh per month. At this same rate of interest, you will earn ₹6,437.50 quarterly, ₹12,875 half-yearly, and ₹25,750 on a yearly basis.
What is the interest of 1 lakh in post office?
| Investment Amount | Single Account Rs.1,500 Rs.4,50,000 | Joint Account Rs.1,500 Rs.9,00,000 |
|---|
How is loan amount calculated?
Divide your interest rate by the number of payments
you’ll make that year. If you have a 6 percent interest rate and you make monthly payments, you would divide 0.06 by 12 to get 0.005. Multiply that number by your remaining loan balance to find out how much you’ll pay in interest that month.
How much loan can I get on 35000 salary?
| 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 |
|---|
Can I get personal loan if my salary is 10000?
| Bank Minimum Monthly Income Required | Punjab National Bank Rs. 10,000 | HDFC Bank Rs. 15,000 | ICICI Bank Rs. 17,500 |
|---|
What is EMI full form?
An
equated monthly installment
(EMI) is a fixed payment made by a borrower to a lender on a specified date of each month. EMIs are applied to both interest and principal each month so that over a specified time period, the loan is paid off in full.
