Sentences with phrase «lakh loan»

So let's say you have to replay a 30 lakh loan in 20 years.

I have taken Rs 5 lakh loan at interest rate 11.25 per cent.

Of course, whether you get the Rs 32 lakh loan depends on your eligibility.

In the above quoted example, there is a clear saving of Rs. 48000 in case of a 5 lakh loan at competitive rates.

Now let's understand how this $ 6 lakh loan works.

For this you pay $ 1 lakh as down payment and take $ 6 lakh loan @ 10 % for 3 years.

Let's understand this with our previous example of a Rs. 60 lakh loan with a 10 % interest for a loan tenure of 20 years.

For instance, if you have taken a Rs. 60 lakh loan for a tenure of 20 years at an interest rate of 10 % you end up paying an interest of Rs 78,96,240 on it.

Suppose you have a Rs. 40 lakh loan at an interest rate of 10.5 % and your tenure for the same is 20 years.

Medical insurance: Rs. 5 Lakhs Loans: Not at present.

Not exact matches

For the very first - time home buyers were given additional INR 50,000 tax exemption in the last Budget for a house worth upto INR 50 lakh with a loan of upto INR 35 lakh.

my main target is to close my loan very soon & want to save 10 Lakhs amt till the age of 55 years then i will think about my financial planning.

I will have to pay 28,80,000 (12,000 * 240) till end the loan while loan sanctioned to me 12 Lakhs.

Lets say you have an outstanding home loan of Rs. 40 lakhs and your current bank (Bank ABC) is charging you an interest rate of 11.5 %, and you are still 20 years from clearing your loan.

Please note I have taken home loan of 36 lakhs.

And now i am planning to buy a residential house worth 45 Lakhs with only capital gains and a bank loan.

Not only will the tenure of your loan decrease by a few years, you would also save over Rs. 9 lakhs on your interest payments.

I have paid 47 lakhs through loan and savings.

The down payment he has to bear on the loan will be 20 % of the property i.e. Rs. 4 lakh.

Over the span of 20 years he would end up paying Rs 22 lakh on his interest payments for a loan of Rs. 16 lakh.

Loan amount sanctioned for 37 Lakhs including property insurance from ICICI Lombard and life cover from Aviva (in my and wife both names).

If you are applying for an educational loan below the amount of 4 lakhs, then there is no security required.

My future targets: - Emergency Fund — 2 lakhs Insurance if required any Wealth building Retirement fund — Yet to plan to invest in which Kid's education Car in 5 Years — 5 lakhs (rest will be used from Car loan; Total Value of car 7 Lakhs) Mid term goals like family vacations, home / furniture upgrade etc — 2 Lakhs in every 3 - 4 ylakhs Insurance if required any Wealth building Retirement fund — Yet to plan to invest in which Kid's education Car in 5 Years — 5 lakhs (rest will be used from Car loan; Total Value of car 7 Lakhs) Mid term goals like family vacations, home / furniture upgrade etc — 2 Lakhs in every 3 - 4 ylakhs (rest will be used from Car loan; Total Value of car 7 Lakhs) Mid term goals like family vacations, home / furniture upgrade etc — 2 Lakhs in every 3 - 4 yLakhs) Mid term goals like family vacations, home / furniture upgrade etc — 2 Lakhs in every 3 - 4 yLakhs in every 3 - 4 years.

I bought a flat for RS 20 Lakhs almost 10 years back and planning to sell for 49 Lakhs now, pending house loan of 12 Lakhs.

I am selling my Plot / Land for 15 Lakhs and I want to pay my Home loan which was taken 2015 year.

Car in 5 Years — 5 lakhs (rest will be used from Car loan; Total Value of car 7 Lalakhs (rest will be used from Car loan; Total Value of car 7 LakhsLakhs).

So, I'm booking it next week with home loan of Rs 2o lakh and rest with my father's money.

The loan can range from a sum of INR 50,000 to INR 30 lakhs.

If property value is more than 50 Lakh and loan taken is more than 35 Lakh.

If the loan amount is 6 lakhs then how much tax benefits I can avail?

Now, if you do not have any other major debts to clear such as a personal loan or an auto loan to worry about and your take home salary is Rs. 55,000 you may be feeling glad about the fact that you are eligible for a loan of up to Rs. 33 lakhs (Rs. 55,000 x 60).

I Am New To this & Planning To take Home Loan for 25 lakh for the tenure of 15 years in the name of me & My Wife in this month itself... So Let me Know how to move is it with MCLR OR BASE rate... & which is advantage

Dear Sreekant Me and my wife as co-owner (both tax payer - amongst me the max tax payer) purchased an under construction flat with home loan of 2700000 / -(twenty seven lakhs) in Jan 2014.

Hi, I have currently have SBI max gain home loan with outstanding amount of 19 lakhs with another 13 years left at interest rate of 9.3 %.

Example: Where the husband and wife as co-borrowers are paying a total of say Rs 2.5 Lakh as Interest element of the home loan EMI, each of them can avail tax exemption of Rs 1,25,000 individually (assuming the share in the home loan as 50:50)

We have taked home loan of 16 lakh.

I am planning to prepay part of the loan - approx 20 lakhs.

I have availed Housing Loan from SBI in March ’15 for Rs. 35 lakhs with 30 years tenure under Base Rate of 9.4 %.

So, if you take a Rs.50 - lakh home loan on 10th April, 2016, your home loan interest rate would be 9.45 %.

I have a Home loan in canara bank for 19.2 lakh with lon tenure of 15 years from Mar» 15.

Your article very nice and good information Compare Home loan interest rates of all major important points of different when it comes to home loans are as kind of principal (Interest rates)(Processing fee)(Loan to value Ratio) and true facts from different home loan interest rates Check Interest Rates 2017, Processing fee (Per lakh EMI)(ROI floating Ratloan interest rates of all major important points of different when it comes to home loans are as kind of principal (Interest rates)(Processing fee)(Loan to value Ratio) and true facts from different home loan interest rates Check Interest Rates 2017, Processing fee (Per lakh EMI)(ROI floating RatLoan to value Ratio) and true facts from different home loan interest rates Check Interest Rates 2017, Processing fee (Per lakh EMI)(ROI floating Ratloan interest rates Check Interest Rates 2017, Processing fee (Per lakh EMI)(ROI floating Rates).

Loan amount should be less than Rs 35 Lakh.

In a recent development the National Housing Bank, the apex level institution for housing in India has proposed that lenders should be allowed to give 90 % of the property value as home loan for properties worth Rs 20 lakhs and above.

Rajesh and Ruchi Kishanpuriya decided to take a joint home loan of Rs. 60 lakhs in a 50:50 ratio in 2012.

For instance, you have taken a loan of Rs. 3 lakhs but need additional Rs. 1 lakh.

Press Trust of India Last Updated: October 08, 2015 22:38 (IST) Mumbai: Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below, -LSB-...]

In such a scenario you can apply for an extension of Rs. 1 lakh on the existing loan, possibly at the same rate of interest.

You would then need to come up with funds worth Rs. 14 Lakh as down payment and can then apply for the remaining Rs. 56 Lakh as the loan amount.

I have decided to invest forty thousand rupees (40000) per month in SIP for 10 year.I am already having insurance coverage, no home loan, emergency fund for 1 year and investing 1 Lakh per annum in PPF apart from my regular PF contribution.

I've purchased my first flat costing below 20 lakh by home loan, and don't have any other property in my / spouse's name.