How much home loan can I get if my salary is 10000?

Here taking a salary as ₹ 20k, & without any fixed monthly obligation, you can pay a maximum of ₹ 10,000 as EMI considering 50\% FOIR. If the interest rate is 10\% per annum, the loan amount eligibility can be arrived at ₹ 10,36,246 using a home loan eligibility calculator (assuming 3 household members).

Can I get a loan with 17000 salary?

A who is 25 years old has a net income of ₹ 17,000. He wants to take a personal loan of ₹ 1 Lakh for 48 months. With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99\%.

How much income do I need to qualify for a 500k mortgage?

A $500k mortgage with a 4.5\% interest rate for 30 years and a $10k down-payment will require an annual income of $121,582 to qualify for the loan. You can calculate for even more variations in these parameters with our Mortgage Required Income Calculator.

How much income do I need to pay off my mortgage?

FAQ: Your required income doesn’t just depend on the size of the loan and the debts you have, but will vary depending on what your mortgage rate is and the length of your loan. Those affect your monthly mortgage payment, so the mortgage income calculator allows you to take those into account as well. Using the Mortgage Income Calculator

How much can I Borrow to buy a house with $614k?

Calculation assumes the borrower has $300 in existing monthly debts Assuming relatively low debts — $300 per month — and a 3.0\% mortgage rate, this person might be able to borrow up to $564,000 for a mortgage. ($614K minus the $50K down payment). That’s nearly six times their salary.

What is the maximum eligibility for a home loan?

If you are salaried person, your monthly income and if you are self-employed, in that case your annual profit would decide your home loan maximum eligibility. The loan amount basically depends upon the net income of an individual.