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Check what loan amount can you get on a salary of ₹50000 per month
Max. Tenure
Lending Partners
Max. Amount
The eligibility calculator on Bajaj Markets helps an individual calculate the eligible home loan amount. Check out the table below for the same, however, these are estimated figures which can differ for every applicant due to various factors like - CIBIL score, tenure, etc.
Let’s check the loan amount you may be eligible to get with a salary of ₹50,000:
Net Monthly Income |
Home Loan Amount |
|---|---|
₹50,000 |
₹41,70,657 |
₹49,000 |
₹40,87,244 |
₹48,000 |
₹40,03,831 |
₹47,000 |
₹39,20,417 |
₹46,000 |
₹38,37,004 |
** 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.
Keep the following documents ready before applying for a home loan:
Identity Proof: Any one of the following
Voter ID
Aadhaar card
Driving licence
PAN card
Residential Proof: Any one of the following
Aadhaar card
Utility bills
Passport
Income Proof:
For Salaried Applicants:
Last 3 months’ salary slips
ITR of the last 2 years
Form 16
For Self-employed Applicants:
Business licence details
Balance sheet audited by a certified CA
IT returns of the last 2 years
P/L statement of the last 3 years
TDS certificate
Degree/qualification certificates for professionals
On Bajaj Markets, you can apply for the required home loan with the help of these easy steps:
Click on the ‘CHECK OFFER’ option visible on this page
Submit your personal details like phone number, address, etc.
Provide the preferred repayment tenure and required loan amount
Cross-check all the details and submit the application
After this, an executive will contact you to further process your loan application.
If you have a salary of ₹50,000, you can get a home loan at interest rates starting from 8.50% p.a. on Bajaj Markets. However, the rate offered to you depends on your loan eligibility 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 get a complete list of all the eligibility criteria and evaluate how well you meet these requirements before applying. This will help you identify offers you qualify for, helping you avoid delays and in some cases rejection of the loan application.
