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Know how much loan amount you can get on a ₹45,000 salary and understand factors that influence eligibility and approval.
If you are considering a home loan on ₹45,000 salary, lenders may offer between ₹25 Lakhs and ₹33 Lakhs, assuming an interest rate of 8.50% p.a. and a tenure of 15 to 30 years.
Reviewing offers from multiple lenders on Bajaj Markets can help you find a plan that matches your repayment capacity and long-term financial goals.
The amount you can borrow on a ₹45,000 monthly salary depends on your EMI repayment capacity and the lender’s eligibility norms. Lenders usually cap EMIs at 40 to 50% of your net monthly income after deducting fixed expenses and any ongoing EMIs. Your credit score, interest rate, and choice of tenure also influence the sanctioned amount.
Example:
If your fixed monthly expenses and existing EMIs total ₹10,000, your EMI capacity may be around ₹12,000 to ₹15,000. This figure, combined with the interest rate and tenure you choose, helps lenders calculate your maximum loan amount.
Your repayment tenure plays a key role in deciding how much you can borrow. A longer tenure spreads the repayment over more months, lowering the EMI and increasing the amount you may be eligible for. A shorter tenure raises the EMI, which can reduce the sanctioned loan.
Let’s take an example to understand this better. Suppose your monthly salary is ₹45,000 and you take a home loan at an interest rate of 8.50% p.a.
The table below shows the approximate loan amounts you could get for different repayment tenures:
| Tenure | Approx. Loan Amount | Approx. EMI |
|---|---|---|
15 years |
₹25 Lakhs |
₹24,593 |
20 years |
₹28 Lakhs |
₹24,182 |
30 years |
₹33 Lakhs |
₹25,432 |
Disclaimer: Figures are indicative and may vary based on lender policies, actual interest rate, and your financial profile.
On Bajaj Markets, different lenders offer varying starting interest rates and maximum repayment tenures. Even with the same salary, these differences can affect the total loan amount you qualify for. A lower interest rate and longer tenure usually increase eligibility, while higher rates or shorter terms can reduce it.
Here are the approximate loan amounts you could get for a ₹45,000 salary home loan, assuming EMI is capped at ~45% of income:
| Lender Name | Starting Interest Rate | Max Tenure | Approx. Loan Amount |
|---|---|---|---|
Bajaj Housing Finance Ltd. |
7.35% |
32 years |
₹38.7 Lakhs |
PNB Housing Finance |
8.50% |
30 years |
₹33.0 Lakhs |
Home First Finance Company |
9.00% |
20 years |
₹24.4 Lakhs |
ICICI Bank |
9.00% |
30 years |
₹31.6 Lakhs |
LIC Housing Finance |
8.65% |
30 years |
₹32.6 Lakhs |
Shubham Housing Finance |
10.90% |
25 years |
₹27.9 Lakhs |
Truhome Finance |
11.50% |
25 years |
₹26.3 Lakhs |
India Shelter |
13.00% |
20 years |
₹20.8 Lakhs |
Kotak Mahindra Bank |
9.00% |
20 years |
₹24.4 Lakhs |
L&T Finance |
8.60% |
25 years |
₹29.8 Lakhs |
Vridhi Home Finance |
12.00% |
12 years |
₹17.6 Lakhs |
Sammaan Capital |
8.75% |
30 years |
₹32.2 Lakhs |
South Indian Bank |
9.50% |
30 years |
₹29.7 Lakhs |
Easy Home Finance |
10.50% |
20 years |
₹23.0 Lakhs |
Disclaimer: Figures are indicative and based on a ₹45,000 monthly salary with EMI capped at ~45% of income. Actual eligibility will depend on your credit profile and lender’s policies.
You can follow the steps below to apply for a home loan via Bajaj Markets:
Click on the ‘Check Offer’ tab on this page
On the online application form, fill out your basic details
Enter your desired loan amount and preferred tenure for repayment
Complete the form submission for verification
At an interest rate of 8.50% p.a. and a maximum tenure of 30 years, you may be eligible for a home loan of approximately ₹32,18,828, resulting in monthly EMIs of around ₹24,750.
A strong credit score demonstrates financial reliability and directly influences the approval of your home loan application.
The EMI for a home loan with a monthly salary of ₹45,000 depends on the loan amount, the applicable interest rate and the tenure you choose. The higher the loan amount, the higher will be the EMI.
To qualify for a home loan, a salaried individual needs to have at least 3 years of work experience. It is also necessary to provide the required documents as proof of income and employment.
Yes, you can take a joint home loan with a ₹45,000 salary. You and your co-applicant need to meet the lender’s criteria for income, credit score, and repayment capacity.
The ideal tenure depends on your repayment capacity and financial goals. A longer tenure, such as 20 to 30 years, can lower your monthly EMI and increase your loan eligibility. However, it will also increase the total interest you pay. If you want to minimise interest costs, choosing a shorter tenure is advisable, provided you can comfortably manage the higher EMI.
For a home loan on a ₹45,000 salary through Bajaj Markets partner lenders, you must:
Be an Indian resident
Be 23 to 67 years old if salaried, or 23 to 70 years old if self-employed
Have at least 3 years of work experience if salaried
Have at least 5 years of business experience if self-employed
You will need the following documents when applying for a home loan:
ID Proof: PAN card, Aadhaar card, voter ID, or driving licence
Address Proof: Aadhaar card, utility bills, or passport
Income Proof (Salaried): Last 3 months’ salary slips, Form 16, and ITR for the previous 2 years
Income Proof (Self-employed): IT returns for the last 2 years, audited balance sheet, profit and loss statement for the last 3 years, qualification/degree certificates (for professionals), and business licence details along with TDS certificate
Yes, you may be eligible for the Pradhan Mantri Awas Yojana (PMAY) scheme if your household income falls within the prescribed income categories. Check the latest PMAY income slab requirements and conditions to confirm eligibility before applying.
Yes, you can apply for a home loan online through Bajaj Markets. Ensure you meet the eligibility criteria, prepare the required documents, and compare offers from multiple lenders before submitting your application.
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