How much home loan can i get if my salary20,000, 25000? or 50,000?

my salary is 20000 , can i get home loan around 15 lakhs. on a rate of interest of 10.25% per annum. If you are married santosh and have kids its tough for you to get loan of 15 lakhs from what you are earning monthly. your banker or any housingfinance company executive can give you the right amount what you can get.

For instance, if your salary is Rs. 25,000 and the value of house you are buying is Rs. 40 lakh, then at interest rate of 8.60% offered by SBI, the loan amount that youwill be eligible for (assuming you have no other EMI's to pay) would be Rs. 37.18 Lakh to Rs. 41.88 Lakh depending on your age.

You have a monthly in-hand (take home) salary as Rs 50,000 and you are looking for a home loan of about Rs 30 lakh. Your gross monthly income might be muchmore than Rs 50,000 per month but that does not matter while calculating the net income. You don't have any other loan like car or personal loan on your name.

Mortgage rates today (APR)
Loan typeAverage rateChange 1 year
30-year fixed mortgage rate4.34%0.37%
15-year fixed mortgage rate3.85%0.41%
5/1 ARM mortgage rate4.8%0.03%

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