Question: What Is The Eligibility For Personal Loan?

How much personal loan can I get if my salary is 30000?

Multiplier MethodSalaryExpected Personal Loan AmountRs.

20,000Rs.

5.40 lakhsRs.

30,000Rs.

8.10 lakhsRs.

40,000Rs.

10.80 lakhsRs.

50,000Rs.

13.50 lakhs1 more row•Apr 8, 2020.

Can I get personal loan if my salary is 12000?

If you earn a salary of less than Rs. 12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. … After speaking to a Bajaj Finserv representative, you can may be able to get your personal loan approved.

How can I get personal loan without salary slip?

To help you get the funding you desire without proof of employee wages, here are 5 tips to obtain a personal loan without a salary slip.Produce an Alternate Proof of Income. … Maintain a Healthy Credit Score. … Offer to Pledge an Asset as Security. … Sign up for Funding with a co-applicant.More items…

What is the EMI for 20 lakhs home loan?

EMI Calculation for 20 Lakh Home Loan amount for Various Tenure Options:Tenure OptionsEMI Per Month10 YearsRs.2426015 YearsRs.1912020 YearsRs.1672025 YearsRs.154402 more rows

How much loan can I get if my salary is 1 lakh?

Home LoanBanksMinimum Income CriteriaMaximum Loan AmountLIC HFLFor Salaried: ₹15,000 per month For Self-employed: ₹2,00,000 per annumMinimum ₹1 lakh to 85% of total cost of the propertyState Bank of India (SBI)For Salaried: ₹1,20,000 (p.a.) For Self-employed: ₹2,00,000 (p.a.)Up to ₹2 crores3 more rows

How do I know if I qualify for a personal loan?

Here is how to check the personal loan eligibility:Open the loan eligibility calculator.Select the city of residence, date of birth, monthly income and monthly expenses.Once you select these fields, the tool will show an amount that you will be eligible for.More items…

What is the minimum salary to get personal loan?

Rs. 15,000Personal Loan Eligibility Criteria for Salaried ApplicantEligible Age Group21 years to 60 yearsMinimum Net Monthly IncomeRs. 15,000Minimum Total Work Experience1 yearMinimum Work Exp. with current organisation6 monthsMinimum Prior Relationship with lender6 monthsDec 16, 2020

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.

Can I get personal loan if my salary is 10000?

The more income proof you are able to provide, the higher will be the approval chances. Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs….personal loan for low salary less than 10000.BankMinimum Monthly Income RequiredPunjab National BankRs. 10,000HDFC BankRs. 15,000ICICI BankRs. 17,5002 more rows•Jun 19, 2019

How much personal loan can I get if my salary is 15000?

Salary of 15000, Am I eligible for Loan? Check here onlineProductSalaryMin. loan amountPersonal Loan1500040000Home Loan15000300000Car Loan15000100000Credit Card15000

What is the eligibility for SBI personal loan?

SBI Personal Loan EligibilityEligibility CriteriaSalariedSelf Employed ProfessionalsApplicant Age21 – 58 years21 – 65 yearsMinimum Eligible Income₹ 24,000 per month₹ 5 Lakh gross annual receiptsMaximum Eligible Loan15x of monthly income-Maximum Loan Amount Eligibility₹ 15 Lakh₹ 15 Lakh3 more rows•Jan 15, 2021

How much loan can I get if my salary is 25000?

If your earning Rs. 25,000 per month, your maximum EMI towards a personal loan can be up to Rs. 12,500. Most lenders determine the maximum loan amount up to 10 times of your monthly salary.