How much do I need to put down on a 40 lakh house?
How much do I need to put down on a 40 lakh house?
You would make a down payment of 20\% or Rs 50,00,000 * 0.2 = Rs 10,00,000. The bank would sanction the home loan of Rs 40,00,000. You have processing fees of 1\% of the loan amount or Rs 40,00,000 * 0.01 = Rs 40,000. The total amount you need for the down payment is Rs 10,00,000 + Rs 40,000 = Rs 10,40,000.
What is the EMI for 40 lakhs home loan in SBI?
SBI Home Loan EMI Calculation
| Amount | 10 years | 30 years |
|---|---|---|
| Rs.10 lakh | Rs.11,508 | Rs.6,519 |
| Rs.20 lakh | Rs.23,016 | Rs.13,039 |
| Rs.40 lakh | Rs.46,032 | Rs.26,077 |
| Rs.50 lakh | Rs.57,540 | Rs.32,596 |
What is the EMI for 40 lakhs home loan for 10 years?
Read on to know more about EMI structures and the eligibility criteria pertaining to a home loan of Rs. 40 lakh….EMI Calculations for a Home Loan of Rs. 40 Lakh with varying Tenors.
| Loan Details | Monthly Instalment | Net Interest |
|---|---|---|
| 40 lakh home loan EMI for 10 years | Rs. 52,860 | Rs.23,43,266 |
What is the EMI for 50 lakhs home loan for 20 years?
EMI Calculations for a Home Loan of Rs. 50 Lakh with Different Tenors
| Tenor of the Loan | EMI Payment (Rs.) | Total Interest Payable (Rs.) |
|---|---|---|
| 10 years | 66,075 | 29,29,079 |
| 15 years | 53,730 | 46,71,511 |
| 20 years | 48,251 | 65,80,296 |
What mortgage can I get on 20000 salary?
How Much Home Loan Can I Get?
| Net Monthly Income (₹) | Loan Amount (₹) |
|---|---|
| ₹ 20,000 | ₹ 10,36,246 |
| ₹ 25,000 | ₹ 13,73,026 |
| ₹ 30,000 | ₹ 17,09,806 |
| ₹ 35,000 | ₹ 20,46,586 |