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For your first property, you are allowed to borrow 75% of LTV limit for loan tenure of 30 years or less up to age 65, or 55% LTV for loan tenure of more than 30 years, or if loan extends past the age of 65.

## How much can I borrow for housing Singapore?

In Singapore, the LTV limit depends on your home type and the number of outstanding mortgages you have. The maximum LTV for bank loans is 75%, while the maximum is 90% for HDB concessionary loans.

## How much can I borrow for a mortgage based on my income?

The general rule is that you can afford a mortgage that is 2x to 2.5x your gross income. Total monthly mortgage payments are typically made up of four components: principal, interest, taxes, and insurance (collectively known as PITI).

## How much housing loan can I get on 50000 salary?

50,000, you can avail a loan amount of Rs. 37.28 Lakh for the same property. Subsequently, if your take-home is Rs. 75,000 you can increase your eligibility up to a loan amount of Rs.

## How much housing loan can I get on 40000 salary?

So there is a standard rule that the banks follow. They offer home loans according to a few factors but usually, the home loan amount can be 60 times of what you earn, i.e. 60 x 40000. This means you are eligible for a home loan amount of Rs. 2400000.

## What is the maximum HDB loan?

The maximum loan-to-value (LTV) ratio for HDB loans is 90%. So you can borrow up to 90% of your flat’s value or price, whichever is lower.

## What salary do I need for a 400k mortgage?

What income is required for a 400k mortgage? To afford a $400,000 house, borrowers need $55,600 in cash to put 10 percent down. With a 30-year mortgage, your monthly income should be at least $8200 and your monthly payments on existing debt should not exceed $981.

## How much house can I afford 250k salary?

Multiply Your Annual Income By 2.5 or 3

Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere between $250,000 and $300,000.

## How much do you have to make a year to afford a $500000 house?

Income needed 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 loan can I get if my salary is 80000?

For instance, if your net salary is Rs. 55,000, you will be eligible for a loan of approximately Rs 33 lakhs.

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How to calculate your home loan eligibility?

Net Monthly Income (Rs.) | Home Loan Amount (Rs.) |
---|---|

50,000 | 38,04,983 |

60,000 | 46,43,370 |

70,000 | 54,81,756 |

80,000 | 63,20,142 |

## How much loan I can get if my salary is 45000?

How much home loan can I get on my salary?

Net monthly income | Home loan amount |
---|---|

Rs. 35,000 | Rs. 29,19,460 |

Rs. 40,000 | Rs. 33,36,525 |

Rs. 45,000 | Rs. 37,53,591 |

Rs.50,000 | Rs. 41,70,657 |

## How much loan can I get on 60000 salary?

However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to Rs. 16.20 lakhs.

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Multiplier Method.

Salary | Expected Personal Loan Amount |
---|---|

Rs. 40,000 | Rs. 10.80 lakhs |

Rs. 50,000 | Rs. 13.50 lakhs |

Rs. 60,000 | Rs. 16.20 lakhs |

## How much home loan can I get on 65000 salary?

SBI Home Loan Eligibility Based on Salary

Monthly Income | Loan Amount |
---|---|

Rs. 50,000 | Rs.33,99,059 |

Rs. 55,000 | Rs.41,54,405 |

Rs. 60,000 | Rs.45,32,079 |

Rs. 65,000 | Rs.49,09,752 |

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

Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month. But the loan amount might be lower than you expected.

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Personal Loan For Low Salary Less Than 10000.

Bank | Minimum Monthly Income Required |
---|---|

Punjab National Bank | Rs. 10,000 |

HDFC Bank | Rs. 15,000 |

ICICI Bank | Rs. 17,500 |

## How much home loan can I get on 55000 salary?

55,000 Monthly Salary. If your monthly income is Rs. 55,000 net, your Home Loan EMI can be a maximum of Rs. 22,500, as per the 50% rule.