Home Loan on 45,000 Salary

Check How much Home Loan Can I Get on 45000 Salary

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

Applying for a home loan and getting it has become much simpler than ever before. Looking at the rising real estate demand, where the consumers are aiming to buy an affordable home, the lender has been facilitating them with home loans. These home loans are easy to get and can be availed by both the mid or premium segment people as well as the low-income people.

Buying a home is considered one of the vital decisions of a lifetime. It denotes that you have settled in life. But due to the soaring property prices, buying homes without needing the help of a lender has become rather impossible. The salaried, as well as the self-employed people, need a home loan to fulfil their need of owning a home. Taking a house loan helps you fulfil your aim of becoming a homeowner. But if you are thinking about how much a home loan you can get on a  salary of ₹45,000, then here we share all the relevant information for you.

Here, we will focus on finding all the details related to getting a home loan on a salary of ₹45,000 including the things like how much home loan can I get on a ₹45,000 salary, eligibility criterion, documents needed, how to apply, how to enhance your eligibility, and much more.

How Much Home Loan Can I Get on a ₹45,000 Salary

Most lenders or financial institutions decide the borrower’s eligibility for a house loan amount based on two main factors. The first one is the loan borrower’s willingness to pay the loan amount and the other one is the repayment ability. In the former, the willingness to pay is determined by the individual’s credit score. Thus, a credit score is defined as the creditworthiness or repayment capabilities of an individual.   Many banks prefer offering a decent loan amount to people who have a higher credit score.

Coming to the repayment capacity, the salary or the in-hand salary is quite a crucial factor. The financial institutions consider the in-hand salary of the borrower to decide the loan amount. The net income determines the eligibility for a house loan.

Salaried individuals can use the home loan eligibility calculator to find the amount of loan they can take.

Refer to this table to know the loan amount you can get based on your monthly income. You can use the eligibility calculator available on Bajaj Markets to check the amount of home loan you are eligible for. However, the figure may change as per your age, loan tenure, credit score, etc.

Monthly Income

Loan amount you can get


₹37, 53,591



















Credit score is a crucial aspect of home loan eligibility, therefore, it is important for an applicant to maintain a healthy credit score. There are many ways to build or maintain a healthy credit score, like timely payments of bills, clearing off debts or loans, etc. A good credit score assures the lender about the borrower's repayment capability.

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

The current interest rate on a home loan available on Bajaj Markets starts at 7.10% interest rate. This home loan interest rate is competitive and much lower than other lenders in the market. The eligible borrowers can avail of the home loan at such low-interest rates and enjoy a low and affordable EMI.


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?

To check home loan eligibility, you can visit the Bajaj Markets website. You will find the eligibility details on the site. Though there is a certain common eligibility criterion that is followed by most lenders. However, there are certain factors that determine the eligibility of the borrower.

To check the eligibility for a 45,000 salary home loan, these are the steps for you to follow:

  • Step 1:  Use the home loan eligibility calculator online.

  • Step 2: Enter the details such as DOB or date of birth.

  • Step 3: Mention your locality or city in the calculator.

  • Step 4: Enter all the other values asked in the calculator, such as monthly income and more.

  • Step 5: Click on the ”Check Your Eligibility” button.

  • Step 6: Now, check the amount you are eligible for.

  • Step 7: You can also alter the values entered to alter the loan amount you can get.

Using the process mentioned above, the borrowers can know how much they can get to avail of the loan.

Documents are Required for a Home Loan

Other than meeting the eligibility criterion, you also need to submit certain documents. The list of documents may vary with the income, age, etc. of the individual, but the common requirements are mentioned below:

In the case of salaried individuals, the list of house loan documents that are needed to be presented to the lender includes:

  • KYC documents

  • ID proof: Pan card or Aadhar Card

  • Address Proof: Aadhaar Card, Valid Passport, Voter ID, DL or Driver’s Licence, or Utility Bills such as Electricity bills, Water bills, Gas bills, etc.

  • Income Proof

  • Latest salary slips or forms 16

  • Bank statement for last 6 months.

In the case of self-employed individuals, the list of documents that are needed to be presented to the lender for a 45,000 salary home loan includes:

  • KYC documents

  • GST registration certificate

  • Profit and Loss statement

  • Balance sheet

  • Bank statement for the last 6 months.

How to Apply for a Home Loan on Bajaj Markets?

It is effortless to apply for a housing loan on Bajaj Markets. The same can be done in a few simple steps. The steps to apply for a Bajaj Markets home loan are mentioned below:

  • Step 1: Firstly, you need to open the official website of Bajaj Markets.

  • Step 2: Find the application form online.

  • Step 3: Fill out the form and mention all the asked details correctly. Double Check the details entered.

  • Step 4: Now, choose the loan amount and tenure you want to get.

  • Step 5: After the submission and verification of the application, you will get the loan.

Factors that Affect Home Loan Eligibility

Do you know that there are factors that impact the eligibility for the Home Loan? Be wary of these factors that create an impact on your Home Loan eligibility. These can serve the tips as well that can help you improve your Home Loan eligibility.

  • Monthly income

  • Repayment tenure

  • Existing debts

  • Co-applicant in the loan

  • Any additional source of income

Home Loan Based on Salaries

If you are wondering how much loan amount you can get on a ₹45,000 salary, then the table below will help you find out.  The details here have been calculated with the Bajaj Markets home loan calculator. The loan amount will vary depending on factors like age, credit history, etc. 

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 given in the table are estimated figures. The same might change as per the norms and conditions of the banks and financial institutions.


Bajaj Markets has partnered with various housing loan providers, who can give you the best deals on home loans. The process to apply is hassle-free and there is no need to submit a bunch of documents. With a home loan selected on the Bajaj Markets platform, you get the flexibility of selecting the home loan repayment tenure as well, as per your comfort. 

Visit the Bajaj Markets website today to avail the best home loans, at low rates, with the least paperwork.

Home Loan on 45,000 FAQs

  • ✔️How much home loan can I get on a ₹45,000 salary?

    The amount of the home loan depends on income and other factors such as age, locality, and existing EMI. On average, the home loan you can get for a 45,000 salary will be around 37 Lakhs.

  • ✔️What are the factors that affect your home loan eligibility?

    The home loan amount and eligibility depend on the factors like age, location, willingness to pay or credit score, repayment capacity, type of occupation, tenure, and existing loan.

  • ✔️Am I allowed to reapply for a home loan?

    You can reapply for a home loan in case the same got rejected before. You can re-apply with the same institution too. They may recheck your eligibility, check your documents, and rectify the issue if any.