What is the monthly EMI for 50 lakhs home loan?
Table of Contents
What is the monthly EMI for 50 lakhs home loan?
50 Lakh Home Loan EMI Details
| Loan Amount | Rate of Interest | EMI per month |
|---|---|---|
| Rs. 50 lakhs | 6.80\% p.a. | Rs. 57,540 |
| Rs. 50 lakhs | 6.80\% p.a. | Rs. 44,384 |
| Rs. 50 lakhs | 6.80\% p.a. | Rs.38,167 |
| Rs. 50 lakhs | 6.80\% p.a. | Rs.34,704 |
What is the EMI for 30 lakhs home loan for 20 years?
EMI Calculations for a Home Loan of up to Rs. 30 Lakh with Different Tenors
| Loan Amount | EMI when Tenor is 10 Years | EMI when Tenor is 20 Years |
|---|---|---|
| Rs.30,00,000 | Rs.39,645 | Rs.28,951 |
How much housing loan can I get on 40000 salary?
You are eligible for a home loan of approximately Rs. 36 Lakh, if your in-hand salary is Rs. 60,000….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 is the EMI for Rs 20 lakhs home loan?
What is the EMI for Rs 20 lakhs home loan? The EMI on Rs 20 Lakh home loan would depend on the tenure you are comfortable with and the interest applicable thereof. The prevailing interest rate on home loan is in the range of 7.25\% to 8.25\% pa depending on loan amount, tenure and credit score of the applicant.
How do you calculate per month EMI for home loan?
To calculate exact per month emi, it is based on the loan you have taken and the interest on is calculated and the amount is paid within the decided period ie tenure. So if you take a 3000000 home loan and the interest is 8.45\% for 20 years, your emi will be Rs. 25,845.
What will be the interest rate for Rs 20lakhs home loan?
Smaller amount and shorter tenure usually help in keeping the interest rate down. For Rs 20 Lac loan, the interest rate currently varies from 7.25\% to 8.25\% pa subject to various factors mentioned above. What will be the EMI for Rs 40 lakhs home loan?
What is the difference between EMI and interest rate?
Interest applicable on the loan: Higher interest leads to higher EMI obligation and vice-versa. There are two types of interest rate option usually offered by banks, i.e. fixed rate and floating rate. In fixed rate interest loan, the EMI obligation remains same during the tenure of the loan.