Under Multiplier Method the Banks provide a simple multiplier on the Monthly Net Take Home Salary to calculate the Loan Amount Eligibility of a customer. This multiplier varies from 9 to 18 depending upon your profile (Company's Name, NTH, etc.). Under the FOIR Method, the maximum EMI that most of the Banks/NBFCs offer to a customer varies from 50-75% of their NTH salary. The banks can also consider existing obligations & credit card outstanding to calculate the Final Loan Eligibility. You can calculate your Eligibility by filling up your details in below form.
BANK NAME | LOAN AMOUNT | MINIMUM INCOME PER MONTH | REPAYMENT PERIOD | AGE | TOTAL YEARS IN JOB/PROFESSION | YEARS IN CURRENT RESIDENCE> |
---|---|---|---|---|---|---|
HDFC Bank | Min. 50k, Max. As per Eligibility | Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, cochin) | 1 Year- 5 Years | 21-60 years | 2 years | 6 months |
SBI | Up to Rs. 10 Lacs | Rs.24,000/- in metro and urban centres Rs.10,000/- in rural/semi-urban centres | 1 year – 4 Years | 21-60 years | 2 years | 1 Year |
ICICI Bank | Up to Rs.40 lacs | Salaried individuals with minimum monthly income Rs.17,500 (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata) | 1 Year- 5 Years | 23-60 years | 2 Years (In current business for at least 5 years and minimum 3 years for doctors) | 1 Year |
Bajaj Finserv | Up to Rs. 25 lacs | Rs. 40,000 or more for Delhi/NCR, Mumbai, Hyderabad, Bangalore, Chennai, Thane and Rs. 35,000 for other cities. | 1 Year- 5 Years | 21-60 years | 2 Years | 1 Year |
Fullerton India | Up to Rs. 30 Lakhs | Minimum Rs.12500/- in hand, Mostly depends on City or Location of borrowers. | 1 year – 4 Years | 21-60 years | 2 Years | 1 Year |
Kotak | Up to Rs. 15 Lakhs | Net monthly salary of Rs. 25,000/- | 1 year – 5 Years | 21-58 years | 2 Years | 1 Year |
Indusind Bank | Up to Rs. 20 Lakhs | Net monthly salary of Rs. 25,000/- | 1 year – 5 Years | 23 - 60 years | 2 Years | 6 Months |
Axis Bank | Up to Rs. 15 Lakhs | Net monthly salary of Rs. 15,000/- | 1 year – 5 Years | 21 - 60 years | ||
Citibank | Up to Rs. 30 Lakhs | 1 year – 5 Years | ||||
Standard Chartered | Up to Rs. 30 Lakhs | Net monthly salary of Rs.50,000 (in metro cities) - Rs.30,000 (in Chandigarh & Jaipur) | 1 year – 5 Years | ETB Customer- 22 to 60 years NTB Customer- 25 to 60 years | ETB Customer- No minimum 0 years NTB Customer- 2 years | NIL |