How much home loan can I get if my salary is 23000?

Lenders will assess the personal loan amount according to your monthly salary of INR 23,000. With this income, you can pay an EMI of around 50 percent of your monthly income which is INR 11,500. Based on this, you can get a maximum loan of INR 4 lakh for a period of 5 years at an interest rate of 14 percent per annum.

How much home loan can I get on 30 000 salary?

The loan amount you can avail depends on criteria like your credit score, salary, age, location, current obligations, etc. Lenders usually offer a home loan that is 60 times your salary….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

What salary should I have to buy a house?

Most lenders require borrowers to keep housing costs to 28\% or less of their pretax income. Your total debt payments (including housing costs) can’t usually be more than 36\% of your pretax income.

How much housing loan can I get on 25000 salary?

25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

Can I get a home loan if I earn 25k a month?

Yes, you can get a Home Loan. As you have mentioned that you earn Rs. 25K per month, this means your debt-to-income ratio will count to Rs. 11.75 K. You need to pay this amount every month as EMI to the lender. So, you can take a Home Loan of Rs. 10 lakhs for 20 years at a rate of interest of 12\%.

How much PF is required for a home loan in India?

Assume the contribution to PF and perquisites totals Rs 85,000 a year. This means the net salary is Rs 6,15,000 per year or Rs 51,250 a month. In such a scenario, an applicant’s home loan eligibility is estimated at around Rs 51,250 x 60 (max FOIR) = Rs 30,75,000

What is the age limit for home loan in India?

15 years and age of the borrower should not exceed 65 years of age at the time of maturity. Maximum loan amount Rs 100 lacs, maximum finance upto 75-85\% of the project cost. Max tenure up to 25 years. Min. Rs 1 lac and max. Rs 150 lacs. Generally the loan is extended upto 85\% of the property value.

How to calculate home loan eligibility based on salary package?

Here is an example of a home loan eligibility based on salary package (CTC) of Rs 7,00,000 per annum: Assume the contribution to PF and perquisites totals Rs 85,000 a year. This means the net salary is Rs 6,15,000 per year or Rs 51,250 a month.