What Is The EMI For 60 Lakhs Home Loan?

What is the EMI for 15 lakhs home loan?

What is home loan EMI?Loan AmountTenure10 Years15 YearsRs.

30 LakhRs.

35,611Rs.

27,810Rs.

40 LakhRs.

47,481Rs.

37,080Rs.

50 LakhRs.

59,351Rs.

46,3511 more row.

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.

How is EMI for home loan calculated?

The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

How is interest calculated monthly?

To calculate the monthly interest, simply divide the annual interest rate by 12 months. The resulting monthly interest rate is 0.417%. The total number of periods is calculated by multiplying the number of years by 12 months since the interest is compounding at a monthly rate.

What is the EMI for 50 lakhs home loan?

Housing Loan Interest CalculatorEMI for various home loan amounts15 years25 years₹ 20 Lakh₹ 17,921₹ 14,072₹ 25 Lakh₹ 22,401₹ 17,590₹ 30 Lakh₹ 26,881₹ 21,108₹ 50 Lakh₹ 44,802₹ 35,1801 more row

What is the EMI for 25 lakhs home loan?

25 Lakh Home Loan EMI DetailsRepayment PeriodEMI Per Month15 YearsRs. 2390020 YearsRs. 2090025 YearsRs. 1930030 YearsRs. 183502 more rows•Jul 19, 2014

How is home loan interest calculated?

The rate of interest will be taken as monthly rate as EMIs are paid monthly. Therefore, if the interest rate is 10%, you need to divide it by 12. Also, the tenure (nper) will be the number of months. So, if your loan tenure is 20 years, the tenure will be 20×12 = 240 months.

How much house loan can I get on 50000 salary?

How much home loan can I get on my salary?Net Monthly incomeHome Loan AmountRs.30,000Rs.22,37,206Rs.40,000Rs.29,82,941Rs.50,000Rs.37,28,676Rs.70,000Rs.52,20,1461 more row

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

Suppose, your monthly income is ₹ 30,000 and the loan amount you are eligible for is ₹ 15 Lakh, If you add your spouse as co-applicant, earning ₹ 20,000 per month, can increase your eligibility to ₹ 25 Lakh.