Table of Contents
- 1 How much home loan can a government employee get?
- 2 What is the maximum limit of top up home loan?
- 3 How much home loan can I get on 35000 salary Quora?
- 4 How much home loan can I get on 35000 salary?
- 5 How can I increase my existing home loan amount?
- 6 How much home loan can I get if my salary is 35000?
- 7 Can I buy a home with 30k?
- 8 How much housing loan can I get on 50000 salary?
- 9 What is the maximum amount you can get for a mortgage?
- 10 What is the maximum amount of home loan available through IOCL?
How much home loan can a government employee get?
An employee of Central Government can borrow up to an amount equal to his/her basic pay for 34 months. This is subject to a maximum limit of Rs. 25 lakh, the cost of the house, or an amount based on his/her repaying capacity. The lowest amount among these will be considered.
What is the maximum limit of top up home loan?
There’s also a limit on the maximum amount that the lender would be willing to sanction. SBI, for example, has no limit. For Indian Bank, the limit is ₹60 lakh, and for Axis Bank, it’s ₹50 lakh.
How much home loan can I get on 40000 salary Quora?
If 40k is your net take home salary after income tax and pf deductions etc. first thing you are supposed to do is save/invest 30\% after which you will be left with 28000. Your housing loan EMI will be Rs. 12000 at a minimum per month.
How much home loan can I get on 35000 salary Quora?
35, 000, the maximum loan amount will be Rs. 2, 80, 000 since 80\% of the monthly salary is Rs. 28, 000. Multiplying this by 10 gives you the loan amount mentioned above.
How much home loan can I get on 35000 salary?
How Much Home Loan Can I Get?
| Net Monthly Income (₹) | Loan Amount (₹) |
|---|---|
| ₹ 30,000 | ₹ 17,09,806 |
| ₹ 35,000 | ₹ 20,46,586 |
| ₹ 40,000 | ₹ 23,83,366 |
| ₹ 50,000 | ₹ 30,56,926 |
Can we increase home loan amount?
You can increase your home loan amount post sanctioning in case you decide to buy a costlier property and have the eligibility to take a higher home loan amount as well.
How can I increase my existing home loan amount?
Tips to Increase Home Loan Eligibility
- 6 Best Ways to Increase Home Loan Eligibility Quickly. Add a co-applicant.
- Add a co-applicant.
- Maintain a credit score above 750.
- Repay your debts religiously.
- Open an account with your preferred lender.
- Declare your additional income sources.
- Choose a longer tenure.
How much home loan can I get if my salary is 35000?
How much mortgage can I get on 35k salary?
Here taking a salary as ₹ 35k, & without any fixed monthly obligation, you can pay a maximum of ₹ 17,500 as EMI considering 50\% FOIR. If the interest rate is 10\% per annum, the loan amount eligibility can be arrived at ₹ 20,46,586 using a home loan eligibility calculator (assuming 3 household members).
Can I buy a home with 30k?
If you were to use the 28\% rule, you could afford a monthly mortgage payment of $700 a month on a yearly income of $30,000. Another guideline to follow is your home should cost no more than 2.5 to 3 times your yearly salary, which means if you make $30,000 a year, your maximum budget should be $90,000.
How much housing loan can I get on 50000 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 |
How much does ONGC charge for building a house for executives?
ONGC House Building Advance (available only if completed 05 years of service): INR 40.00 lacs to executives (10 for purchase of land + 20 for construction + 10 for repairs). Simple Interest. As far as IOCL is concern
What is the maximum amount you can get for a mortgage?
What is your maximum mortgage loan amount? That largely depends on income and current monthly debt payments. This maximum mortgage calculator collects these important variables and determines the maximum monthly housing payment and the resulting mortgage amount. At 4.5\% your maximum mortgage is $221,044
What is the maximum amount of home loan available through IOCL?
It provide home loans up to 20 lacs on a simple interest basis . for ferther loan employees can take bank loan ( i.e. bank loan + IOCL loan on the very same property 8 clever moves when you have $1,000 in the bank.
What is the salary of a new officer in ONGC?
You will also get ₹ 1,75,000 for white goods purchase. ONGC also provides one of the best medical facility in the country to its employees and dependents. CTC will come out to be in the range of ₹ 16 to 17 lakhs per year for a new officer joining in ONGC.