What is the EMI for 70 lakhs?
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What is the EMI for 70 lakhs?
EMI Calculations for a Home Loan of less than Rs. 75 Lakh
| Instalment Details | Tenor of 10 Years | Tenor of 20 Years |
|---|---|---|
| EMI for 55 lakhs home loan | Rs. 72,683 | Rs. 53,076 |
| EMI for 60 lakhs home loan | Rs.79,290 | Rs.57,901 |
| EMI for 70 lakhs home loan | Rs.92,506 | Rs.67,552 |
| EMI for 75 lakhs home loan | Rs.99,113 | Rs.72,377 |
What is the basic salary to get a home loan?
If your net monthly income is between ₹ 25,000 – ₹ 40,000, you may be eligible for a loan if your fixed obligations (rent, EMI) do not exceed 50\% of income. For a net monthly income greater than ₹ 40,000, you may be eligible for loans if your fixed obligations do not exceed 65\% of your income.
How much home loan can I get if my salary is 50000?
Hence, your salary will become Rs. 49,000 if you deduct these two from it. Now, the home loan amount you will be eligible for is Rs. 29.4 Lakh….How much home loan can I get on my salary?
| Net Monthly income | Home Loan Amount |
|---|---|
| Rs.25,000 | Rs.18,64,338 |
| Rs.30,000 | Rs.22,37,206 |
| Rs.40,000 | Rs.29,82,941 |
| Rs.50,000 | Rs.37,28,676 |
Can I get home loan of 60 lakhs?
Eligibility Criteria for Home Loan of ₹ 60 Lakh Generally, you can apply for home loan up to ₹ 60 Lakh if you fall within the age range of 18 years to 70 years. Employment Type : ₹ 60 Lakh home loan can be availed by salaried, self employed and business professional.
How much loan I can get if my salary is 60000?
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 house can I afford if I make 70000 a year?
So if you earn $70,000 a year, you should be able to spend at least $1,692 a month — and up to $2,391 a month — in the form of either rent or mortgage payments.