What is the EMI for 40 lakhs home loan in SBI?
SBI Home Loan EMI Calculation
| Amount | 10 years | 30 years |
|---|---|---|
| Rs.10 lakh | Rs.11,508 | Rs.6,519 |
| Rs.20 lakh | Rs.23,016 | Rs.13,039 |
| Rs.40 lakh | Rs.46,032 | Rs.26,077 |
| Rs.50 lakh | Rs.57,540 | Rs.32,596 |
What is the EMI for 30 lakhs home loan for 20 years?
Home loan up to Rs. 30 lakh details
| Loan amount | Rs. 30,00,000 |
|---|---|
| EMI for a tenor of 10 years | Rs. 39,645 |
| EMI for a tenor of 15 years | Rs. 32,238 |
| EMI for a tenor of 20 years | Rs. 28,951 |
How is housing loan calculated?
The rate of interest will be taken as monthly rate as EMIs are paid monthly. Therefore, if the interest rate is 10%, you need to divide it by 12. Also, the tenure (nper) will be the number of months. So, if your loan tenure is 20 years, the tenure will be 20×12 = 240 months.
How much housing loan can I get on my salary from SBI?
SBI Home Loan Eligibility Based on Salary
| Monthly Income | Loan Amount |
|---|---|
| Rs. 30,000 | Rs.20,39,435 |
| Rs. 35,000 | Rs.23,79,341 |
| Rs. 45,000 | Rs.30,59,153 |
| Rs. 50,000 | Rs.33,99,059 |
How much housing loan can I get on 40000 salary?
How Much Home Loan Can I Get?
| Net Monthly Income (₹) | Loan Amount (₹) |
|---|---|
| ₹ 25,000 | ₹ 13,73,026 |
| ₹ 30,000 | ₹ 17,09,806 |
| ₹ 35,000 | ₹ 20,46,586 |
| ₹ 40,000 | ₹ 23,83,366 |
How much housing loan I can get for my salary?
You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs. 60,000. Now, a lender will not consider allowances like medical and leave travel when assessing your income….How much home loan can I get on my salary?
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.40,000 | Rs.29,82,941 |
| Rs.50,000 | Rs.37,28,676 |
| Rs.70,000 | Rs.52,20,146 |