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Check how much home loan amount you can get on a salary of ₹50,000 per month.
Even with a monthly salary of ₹50,000, homeownership can be achievable through proper planning. Understanding the amount you can borrow, and related eligibility factors, can help you choose and get the suitable loan. This ensures EMIs are manageable, making repayment smoother while safeguarding long-term financial stability.
With a monthly income of ₹50,000, the home loan amount you qualify for depends on your repayment capacity and the lender’s eligibility norms. Typically, banks and housing finance companies allow EMIs up to 40%–50% of your net income, after deducting regular household expenses and any existing loan commitments. Factors such as your credit profile, rate of interest, and repayment tenure also influence the final sanctioned amount.
Example:
If your fixed monthly expenses and current EMIs are around ₹10,000, you may be eligible to pay EMIs ranging from ₹15,000 to ₹20,000. Using this range, the lender works out your maximum home loan eligibility by considering the applicable interest rate and the loan tenure you choose.
If you are planning to buy, renovate, or expand your home, it is important to know how much loan you may qualify for. Here is the estimated loan amount across different tenures, calculated at an interest rate of 7.40% p.a., based on a monthly income of ₹50,000.
For Short-term Goals (2 to 5 Years):
| Tenure (Years) | Home Loan Amount (₹) |
|---|---|
2 |
₹6,12,353 |
3 |
₹8,86,684 |
4 |
₹11,41,757 |
5 |
₹13,78,927 |
If you are planning to upgrade a part of your home or carry out modest improvements, a shorter loan tenure can be an ideal choice.
This could include remodelling your kitchen, renovating the bathroom, or adding a compact room. A shorter tenure helps you complete the work sooner. It also keeps your EMIs at a manageable level.
| Tenure (Years) | Home Loan Amount (₹) |
|---|---|
6 |
₹15,99,448 |
7 |
₹18,04,491 |
8 |
₹19,95,141 |
9 |
₹21,72,408 |
10 |
₹23,37,232 |
If you are considering a bigger home extension or improvement project such as building an additional floor or enlarging your living space, a medium-term loan can be a suitable option.
With these tenures, your monthly EMIs are comparatively lower, giving you more financial flexibility while enabling you to make substantial upgrades to your home.
Disclaimer: The loan amounts mentioned in the table above are estimated figures and might change as per the norms and conditions of the banks and financial institutions.
With a longer tenure, you can get a sizable loan amount with lower EMIs, which ensures affordability. Consider that you do not have any prior EMI obligations, and the minimum interest rate is7.40% p.a.
Here is the maximum home loan amount you may be eligible for with a monthly salary of ₹50,000 across different tenures:
| Monthly Income | Tenure | Home Loan Amount | EMI Amount |
|---|---|---|---|
₹50,000 |
10 Years |
₹23,37,232 |
₹27,500 |
₹50,000 |
15 Years |
₹30,03,221 |
₹27,500 |
₹50,000 |
20 Years |
₹34,66,059 |
₹27,500 |
₹50,000 |
25 Years |
₹37,87,715 |
₹27,500 |
₹50,000 |
30 Years |
₹40,11,255 |
₹27,500 |
Disclaimer: The loan amounts mentioned in the table above are estimated figures and might change as per the norms and conditions of the banks and financial institutions.
On Bajaj Markets, partner lenders provide home loans with different starting interest rates and repayment periods. These variations affect the loan amount you may be eligible for, even if your monthly income remains the same.
Generally, opting for a lower interest rate and a longer tenure can increase your loan eligibility, while higher rates or shorter tenures may reduce it.
Here is the estimated loan amount you could get on a ₹50,000 salary, considering the EMI is restricted to 25% of your income, i.e. ₹12,500.
| Lender Name | Starting Interest Rate (p.a.) | Maximum Tenure | Approx. Loan Amount |
|---|---|---|---|
Bajaj Housing Finance |
7.40% p.a. |
384 months |
₹18,26,000 |
PNB Housing Finance |
8.5% p.a. |
360 months |
₹19,50,805 |
Home First Finance Company |
9% p.a. |
240 months |
₹16,67,174 |
ICICI Bank |
9% p.a. |
360 months |
₹18,64,228 |
LIC Housing Finance |
8.65% p.a. |
360 months |
₹16,03,000 |
Shubham Housing Finance |
9.9% p.a. |
360 months |
₹17,23,760 |
Truhome Finance |
11.5% p.a. |
300 months |
₹14,75,697 |
India Shelter |
13% p.a. |
240 months |
₹12,80,327 |
L&T Finance |
8.60% p.a. |
300 months |
₹19,32,961 |
Vridhi Home Finance |
12% p.a. |
144 months |
₹11,42,057 |
Sammaan Capital |
8.75% p.a. |
360 months |
₹15,88,915 |
Easy Home Finance |
10.50% p.a. |
240 months |
₹15,02,434 |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
You can apply for the required home loan on a salary of ₹50,000 with ease. Follow these simple steps:
Click on the ‘Check Offer’ option visible on this page
Select the loan requirement
Choose your profession, either salaried or self-employed
Enter your mobile number
Specify the Property Identified Status
Agree to the terms and conditions, then click ‘Apply Now’
After this, an executive will contact you to further process your Housing loan application.
If you have a salary of ₹50,000, you can get a home loan at interest rates starting from 7.40% p.a. on Bajaj Markets. However, the rate offered to you depends on your home loan eligibility for a salary of ₹50,000 and the chosen lender’s policies.
Aside from your income of ₹50,000, there are several other factors which are assessed to determine whether you are eligible for a home loan. Some of these factors include:
Age
Employment type
Minimum work experience/business vintage (as applicable)
Nationality
CIBIL score
The requirements usually vary depending on the lender you choose. So, be sure to evaluate how well you meet the eligibility criteria.
The ideal home loan tenure can vary according to your financial requirements. A longer tenure reduces the EMI burden but increases total interest paid, whereas a shorter tenure means higher EMIs but lower interest cost.
A co-applicant is not mandatory if your income and credit profile are strong enough to get the home loan on a salary of ₹50,000 individually. However, having a co-applicant can improve your eligibility by combining incomes. This helps you qualify for a higher loan amount or better terms.
Eligibility depends on several factors such as age, credit score, existing financial obligations, and employment stability. Typically, lenders allow an EMI up to 40-50% of your income.
While you can check the complete list of lenders’ websites, the documents generally include:
Proof of identity (Aadhaar, PAN, passport)
Proof of address
Proof of income (salary slips, bank statements, Form 16)
Employment proof and experience
Income tax returns (for salaried/self-employed)
Property documents of the house being purchased
Passport-sized photographs
Eligibility for the Pradhan Mantri Awas Yojana (PMAY) depends on income categories and other criteria like property value and location. Generally, a ₹50,000 salary falls under the Lower Income Group (LIG) categories.
You may be eligible if you meet PMAY household income norms and other eligibility requirements.
Yes, you can apply for a home loan online with a monthly salary of ₹50,000. Many banks and housing finance companies have a seamless online application process. All you need to do is submit an online application, upload documents and receive loan sanction digitally.
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