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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.SBI Emergency Loans
India’s largest public sector bank – State Bank of India is giving relief to the SBI account holders by giving Rs. 5 lakh loan within an hour. The largest lender is offering emergency loans in the amid of COVID-19. The loans can be availed online from the YONO APP.To qualify for a personal loan, you need to fulfill the eligibility. These include age, your employment type, your employment status, your net monthly income, your CIBIL score, repayment history, work experience, and the maximum EMI allowed as per your salary.
| Loan Amount | Rate of Interest | No. of Tenure / Repayment |
|---|---|---|
| 5 Lakh | 14.00% | 36 months / 3 year |
| 5 Lakh | 15.00% | 36 months / 3 year |
| 5 Lakh | 16.00% | 36 months / 3 year |
| 5 Lakh | 18.00% | 36 months / 3 year |
How much EMI can I get for 5 lakhs?
| Loan Amount | Rate of Interest | No. of Tenure / Repayment |
|---|---|---|
| 5 Lakh | 14.00% | 36 months / 3 year |
| 5 Lakh | 15.00% | 36 months / 3 year |
| 5 Lakh | 16.00% | 36 months / 3 year |
| 5 Lakh | 18.00% | 36 months / 3 year |
Can I get 5 lakh loan from SBI?
SBI Emergency Loans
India’s largest public sector bank – State Bank of India is giving relief to the SBI account holders by giving Rs. 5 lakh loan within an hour. The largest lender is offering emergency loans in the amid of COVID-19. The loans can be availed online from the YONO APP.
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How can I know my personal loan maximum eligibility?
To qualify for a personal loan, you need to fulfill the eligibility. These include age, your employment type, your employment status, your net monthly income, your CIBIL score, repayment history, work experience, and the maximum EMI allowed as per your salary.
What are the basic requirements for personal loan?
Basically, the documents required for personal loan include KYC proof, income proof, business details, and a few more.
Can I get 5 lakhs loan without collateral?
You can get a Rs 5 lakh Personal Loan from HDFC Bank without having to pledge any asset or provide any collateral. Opting for a Rs 5 lakh loan also helps you avoid having to disrupt your savings to fund urgent needs. Moreover, paying of the Rs 5 lakh loan EMI is easy and can be done as per your repayment capacity.
What is the interest of 5 lakh in SBI?
| Investment Amount | For 3 years with interest of 5.45% | For 5 years with interest of 5.5% |
|---|---|---|
| ₹ 1 lakh | ₹117719 | ₹131570 |
| ₹ 2 lakh | ₹235438 | ₹263141 |
| ₹ 5 lakh | ₹588595 | ₹657852 |
| ₹ 10 lakh | ₹1177190 | ₹1315704 |
How much loan can I get on 30000 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 |
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Can I get personal loan if my salary is 10000?
…
Personal Loan For Low Salary Less Than 10000.
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
How much loan can I get if my salary is 15000?
If you are a salaried individual, then you can be eligible to get a housing loan up to 60x your net monthly income as a rule of thumb. So, if your net monthly salary is Rs. 15,000, you can get a home loan up to approximately Rs. 9,00,000.
How much loan can I get on 35000 salary?
…
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 much loan can I get on 18000 salary?
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Minimum Income | ₹ 18,000 per month | ₹ 12 Lakh gross annual receipts |
| Maximum Loan Amount | ₹ 2 Lakh – ₹ 20 Lakh | ₹ 5 Lakh – ₹ 50 Lakh |
| Work Experience | 6 – 24 months | – 36 months |
| Loan Tenure | 12 – 60 months | 12 months – 60 months |
How much loan can I get on 45000 salary?
Salaried individuals are eligible to get housing loans up to 60 times their net monthly income as a rule of thumb. So, if your in-hand salary is Rs. 45000 per month, you can get a housing loan up to Rs. 27,00,000 approximately.
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How much loan can I get on 17000 salary?
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Minimum Income | ₹ 17,000 per month | ₹ 2 Lakh gross annual receipts |
| Maximum Loan Amount | ₹ 50,000 – ₹ 25 Lakh | ₹ 1.50 Lakh – ₹ 20 Lakh |
| Work Experience | 1 – 12 months | 36 months – |
| Loan Tenure | 12 – 48 months | 12 months – 48 months |
How much loan can I get on 24000 salary?
Illustration- Mr A who is 25 years old has a net income of ₹ 24,000. He wants to take a personal loan of ₹ 1 Lakh for 72 months. SBI allows a maximum FOIR of 0.45. Based on the information provided by the applicant the maximum amount he is eligible for is ₹ 5.89 Lakh.
How can I check my SBI loan eligibility?
- For CSP and Non-CSP customers.
- For savings bank account holders.
- The SBI savings bank account holders can SMS the last 4 digits of SBI savings bank account no. to 567676 to check the eligibility.
What is the interest on 5 lakhs?
| Investment amount | Monthly interest | Cumulative interest for 5 years |
|---|---|---|
| 5 lakh | Rs.2,629 | Rs. 185,043 |
| 10 lakh | Rs.5,258 | Rs.3,70,087 |
| 15 lakh | Rs. 7,887 | Rs.5,55,130 |
| 20 lakh | Rs. 10, 517 | Rs. 7,40,173 |
How much loan can I get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
What is the cibil score?
CIBIL Score is a 3-digit numeric summary of your credit history, rating and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.
What is the interest rate of 5 lakh per month?
On the other hand, the monthly interest for ₹5 lakh in a bank FD usually ranges from 2.9% – 5.15% per annum. 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.
Which bank gives double the money?
The CENT Double Deposit scheme is a special fixed deposit scheme which doubles the amount (deposit) in around seven-and-a-half-years (at the time of original launch) for the benefit of customers. Launched in 2001, Central Bank of India has since remodelled the Cent Double Deposit scheme.
Which bank is best for monthly interest?
| Bank | Tenure | Interest Rates |
|---|---|---|
| HDFC Bank FD | 7 days to 10 years | 2.50% to 5.50% |
| Kotak Bank FD | 7 days to 10 years | 2.50% to 5.30% |
| Axis Bank FD | 7 days to 10 years | 2.50% to 5.75% |
| Bank of Baroda FD | 7 days to 10 years | 2.80% to 5.25% |
Can I get personal loan with 20000 salary?
If you have a minimum income of Rs 20,000, you can apply for a Personal Loan online and offline. You can apply for Personal Loans by visiting the nearest branch of the chosen bank with the duly filled loan application form and required documents.
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How much loan can I get on 75000 salary?
| Monthly Income | Loan Amount |
|---|---|
| Rs. 60,000 | Rs.45,32,079 |
| Rs. 65,000 | Rs.49,09,752 |
| Rs. 70,000 | Rs.52,87,425 |
| Rs. 75,000 | Rs.56,65,098 |
How much loan a salaried person can get?
However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income.
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