Home Loan on 30,000 Salary

Check How much Home Loan Can I Get on 30000 Salary

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

In today’s day and age, purchasing a home can often prove difficult, owing to ever-increasing real estate rates, coupled with steep inflation. However, you can still purchase the home of your dreams by availing a home loan. With the help of easy monthly instalments, you can repay the loan amount over a flexible tenure of your choosing. Over the course of this article, we shall look into the details pertaining to a home loan on a  salary of ₹30,000.

How Much Home Loan Can I Get on a ₹30,000 Salary

If your salary at the moment is ₹30,000 per month, and you wish to secure a home loan, you may be wondering how much loan amount you will be sanctioned. The table below mentions the amount that you can hope to obtain as a home loan for different salary ranges. Applicants can also use an eligibility calculator to check eligible home loan amounts. The home loan amounts might differ for every application due to various factors like credit score, loan tenure, etc.

Net monthly income

Home loan amount











Before applying for a house loan, you as a borrower can improve your home loan eligibility. You can do so by first clearing any debts that you may already possess – credit card dues, personal loans, vehicle loans, and so on. By doing this, your credit score and credit history will improve and will reassure your lender of your repayment ability.

What is the Current Interest Rate on a Home Loan Available on Bajaj MARKETS

If you are looking for a home loan, then Bajaj MARKETS is the best place to avail of the same. Here, you can avail of home loans with a rate of interest starting at 7.10% and can choose a flexible repayment tenure, suited to your needs and convenience, of up to 30 years. Additionally, when you opt for a home loan from Bajaj MARKETS, you can avail of a document-light process and use the amount sanctioned to either renovate your existing home or construct or purchase a new home of your liking.


Rate of Interest

Bajaj Housing Finance Limited

8.60% p.a. onwards

Union Bank of India

8.60% p.a. onwards

PNB Housing Finance Limited

8.50% p.a. onwards

LIC Housing Finance

8.65% p.a. onwards


8.75% p.a. onwards

Shubham Housing Finance

10.90% p.a. onwards

Home First Finance Company

9.50% p.a. onwards

Disclaimer- Interest rates mentioned in the above table can vary from one lending partner to the other and are subject to change.

How to Check Home Loan Eligibility?

When you apply for a home loan, there are certain conditions that you are required to fulfil. These conditions are called eligibility criteria. Fulfilling the following conditions is important, and not qualifying these may result in rejection of your home loan application. 



Age Limit for Salaried Applicants:

23 to 62 years


750 and above

Work Experience

3 years at least

Minimum Salary 




Disclaimer- Interest rates mentioned in the above table can vary from one lending partner to the other and are subject to change.

How to Check Home Loan Eligibility

Whether you happen to be a salaried professional or a self-employed individual, you can check your home loan eligibility for a salary of ₹35,000 amount by eligibility calculator. In order to do this, you can follow the simple steps listed below:


  • Step 1: When you access the page, start by entering the details of your current location/city of residence and then proceed by entering your date of birth.

  • Step 2: Once you have completed the step listed above, proceed by filling in your monthly net income in the given field on the calculator.

  • Step 3: Next, click on the ‘Check Your Eligibility’ tab, and this will then display the loan amount you are eligible for.

Based on your varied needs and specifications, you can choose to modify the amount entered to check for different values.

What Documents are Required for a Home Loan?

The documentation you will have to present to apply for a home loan varies based on the type of profession you are engaged in – whether you are a salaried individual or a self-employed individual.


 For Salaried Individuals:

  • Address Proof

  • Income Proof

  • Duly filled up KYC documents

  • Form 16/last 3-6 months’ salary slips

  • Bank/Financial statement for the last six months

For Self-Employed Individuals:

  • Profit and Loss Account statement

  • Duly filled up KYC documents

  • Financial statement of the last six months 

  • Business’ Balance Sheet

  • Business’ GST registration certificate

Check detailed document list to avail housing loan online

How to Apply for a Home Loan on Bajaj MARKETS

If you wish to apply for a house loan with a salary of ₹30,000, you can follow the steps mentioned below:


  • Step 1: First, start by accessing the official Bajaj MARKETS website, and commence your application process.

  • Step 2: Fill in the details requested, and complete your loan application form.

  • Step 3: As per your requirement, you must then enter the amount you wish to secure as a loan and submit the same for further approval.

  • Step 4: After the first round of approval, you will have to proceed by submitting the necessary documents for further verification and scrutiny.

  • Step 5: The lender will verify the same, and once approved by them, a loan representative will get in touch with you for further processing.

Factors that Affect Home Loan Eligibility

When it comes to approving your home loan application, the lender decides after taking the following factors into consideration:


  • Willingness to Pay: Any lender in the market will start by checking your credit score and your credit history, to gauge your willingness to repay the loan amount. From the lender’s perspective, they will always prefer lending to borrowers with a credible credit score of 750 and above, as this assures them of the limited scope of a default on the repayment of the loan.

  • Borrower’s Repayment Capacity: When it comes to approving your loan amount, a lender will also consider your net in-hand salary. If you have a steady salary, coupled with a good credit score and history, there is a higher probability of your loan being sanctioned. Additionally, you can also avail lucrative rates of interest and marginal processing fees. 

  • Type of Occupation: When you apply for a loan, if you are employed with a well-respected company, there is a higher probability of your loan being approved. This is because this implies a steady salary, which then means that you will ensure the timely repayment of the EMIs.

  • Borrower’s Age: In order to be eligible for a home loan, you must be between 21 and 55 years of age. All lenders in the market have more of an inclination towards a younger applicant, as they have a longer career ahead of them – thus implying more reliable repayment prospects. 

  • Tenure: Your chances of eligibility for a home loan increase when you opt for a longer tenure, which also reduces the amount to be paid on every instalment.

  • Existing Loans: Before approving your home loan request, lenders will also factor in all existing loans/debt that you already possess – personal loans, vehicle loans, and credit card debt. All these factors help lenders assess the borrower’s home loan repayment ability and probability of default.

Home Loans Based on Salaries

One of the most crucial factors that determines the amount of a home loan amount for a Rs. 30000 salary is the net monthly income of the borrower. Listed in the table below are the home loan amounts sanctioned by lenders for each salary range:

Borrower’s Age

Net Salary per month (Rs.)


₹25,000 – 50,000


25 Years

₹20.85 Lakhs - 41.70 Lakhs

₹62.55 Lakhs

30 Years

₹20.85 Lakhs - 41.70 Lakhs

₹62.55 Lakhs

35 Years

₹20.85 Lakhs - 41.70 Lakhs

₹62.55 Lakhs

40 Years

₹19.78 Lakhs – 39.56 Lakhs

₹59.35 Lakhs

45 Years

₹17.77 Lakhs – 35.55 Lakhs

₹53.32 Lakhs

50 Years

₹14.63 Lakhs – 29.26 Lakhs

₹43.89 Lakhs

Note - 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.


Buying a home of your own is a big decision and should not be rushed. You must carefully research all the terms and conditions set by each lender and make sure you meet their eligibility criteria. If you wish to opt for the best and most comprehensive home loans in the market, make sure you visit the Bajaj MARKETS website today. 

Home Loan on 30,000 FAQs

  • ✔️What loan amount can I expect on a 30,000 salary?

    Suppose you are 25 years of age and do not have any outstanding debts, with a monthly salary of ₹30,000, you will be sanctioned a home loan of up to ₹25 Lakhs. 

  • ✔️What percentage of salary should be a home loan amount account for?

    To ensure that EMIs should not disturb the monthly budget of an individual, it is advisable that the EMI amount should account for only 40% of the monthly salary of an individual.

  • ✔️Can I reapply for a home loan ?

    The applicants can reapply for a home loan, if their application gets rejected with the same institution as well, however they will have to carefully work on their documents and rectify the issues with the application. The applicants can also ask for guidance and support from bank executives.