For self-employed applicants
Must be at least 18 years old and not more than 75 years old when the loan matures. The net annual business income should be at least Rs. 1.8 lakh p.a. for certain models and Rs. 2 lakh p.a. for other models.
Hereof, How much car can I afford on 50k salary? Rather than looking at monthly transportation costs, Dave recommends buying cars that cost no more than 50% of your annual income. So if you make $50,000 a year, you should not spend more than $25,000 for a car(s).
How much car loan can I get on 40000 salary? It is advised to customers that they restrict their car loans to not more than 20 percent of their monthly income. For example, if you make Rs. 40,000 per month, your monthly car loan EMI should not exceed Rs. 8,000.
Additionally Can I get car loan if my salary is 20000? With the salary of Rs. 20,000 per month, you may become eligible for a maximum loan amount of Rs. 3 Lakhs. In case you do not qualify for a new car loan, you can also check your eligibility for a pre-owned car loan.
What car payment can I get on 15000 salary? Salary of 15000, Am I eligible for Loan? Check here online
Product | Salary | Min. loan amount |
---|---|---|
Personal Loan | 15000 | 40000 |
Home Loan | 15000 | 300000 |
Car Loan | 15000 | 100000 |
Credit Card | 15000 |
How much loan can I 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.
What credit score is needed for a car loan? As a thumb rule, banks consider a CIBIL score of 750 or higher credit-worthy. A score of 650 or less is deemed too low to be given a loan.
How much loan can I get if my salary is 17000? With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
How much loan can I get if my salary is 13000?
Salary of 13000, Am I eligible for Loan? Check here online
Product | Salary | Min. loan amount |
---|---|---|
Personal Loan | 13000 | 45000 |
Home Loan | 13000 | 300000 |
Car Loan | 13000 | 100000 |
Credit Card | 13000 |
Also How much loan can I get on 35000 salary? Here taking a salary as ₹ 35k, & without any fixed monthly obligation, you can pay a maximum of ₹ 17,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 20,46,586 using a home loan eligibility calculator (assuming 3 household members).
How much loan can I get on 60000 salary?
However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs .
…
Multiplier Method.
Salary | Expected Personal Loan Amount |
---|---|
Rs. 40,000 | Rs. 10.80 lakhs |
Rs. 50,000 | Rs. 13.50 lakhs |
Rs. 60,000 | Rs. 16.20 lakhs |
How much loan can I get on 55000 salary? 55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule.
Can I buy a car with a 636 credit score?
A 636 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 636 Credit Score. Lenders normally don’t do business with borrowers that have fair credit because it’s too risky. … Loan Options: Limited.
Will a 700 credit score get me a car loan?
A 700 credit score puts you firmly in the prime range of credit scores, meaning you can get a competitive rate as long as you shop around, have good income, and have a solid debt-to-income ratio. A 700 credit score gets an average car loan interest rate of 3% to 6% for new cars and 5% to 9% for used cars.
Is 760 a good credit score to buy a car? Generally speaking, credit scores above 760 are considered ‘excellent’ by almost all lenders. Anyone having credit scores in the 760 and higher range should have little trouble finding lenders willing to give them auto loans at interest rates reserved for the most creditworthy customers.
How much loan can I get on 75000 salary? SBI Home Loan Eligibility Based on 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 can I get if my salary is 80000?
For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.
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How to calculate your home loan eligibility?
Net Monthly Income (Rs.) | Home Loan Amount (Rs.) |
---|---|
50,000 | 38,04,983 |
60,000 | 46,43,370 |
70,000 | 54,81,756 |
80,000 | 63,20,142 |
How much loan can I get if my salary is 20000? How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.
How much car loan can I get on 12000 salary?
Salary of 12000, Am I eligible for Loan? Check here online
Product | Salary | Min. loan amount |
---|---|---|
Personal Loan | 12000 | 40000 |
Home Loan | 12000 | 300000 |
Car Loan | 12000 | 150000 |
Credit Card | 12000 |
Can I get loan with 14000 salary? You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
Can I get loan if my salary is 12000?
So, if your salary is less than Rs. 12,000, assure the lender that you have other sources of income to repay your personal loan on time. … With instant approval and 24-hour disbursal, the Bajaj Finserv Personal Loan is an ideal way to meet your needs for finance.
How much loan can I get if my salary is 10000? Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.
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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 |
• Jun 17, 2019
How much loan can I get on 17000 salary?
With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
How much loan can I get if my salary is 30000? On an Rs. 30,000 monthly salary, the maximum loan eligibility will range between Rs. 8.10 lakh and 9 lakh for a loan tenure of 60 months.
How much loan can I get on 65000 salary?
SBI Home Loan Eligibility Based on Salary
Monthly Income | Loan Amount |
---|---|
Rs. 50,000 | Rs.33,99,059 |
Rs. 55,000 | Rs.41,54,405 |
Rs. 60,000 | Rs.45,32,079 |
Rs. 65,000 | Rs.49,09,752 |
How much loan can I get if my salary is 70000?
How much home loan can I get on my salary?
Net monthly income | Home loan amount |
---|---|
Rs. 45,000 | Rs. 37,53,591 |
Rs.50,000 | Rs. 41,70,657 |
Rs. 60,000 | Rs. 50,04,788 |
Rs. 70,000 | Rs. 58,38,919 |