How much house loan can I get on a ₹50,000 salary?

If you are 25 years of age and do not possess any other outstanding debts, with a monthly salary of Rs. 50,000, you can secure a home loan of up to Rs. 41.70 Lakhs.

Home Loan on ₹50000 Salary

Check what loan amount can you get on a salary of ₹50000 per month

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To help you realise your dream of purchasing a house of your own, home loans can help you do the same. Thus, if you are also wondering what loan amount you can secure against a monthly salary of ₹50,000, this article will shed light on the same.

What is the Amount I Can Get on a Salary of ₹50,000

The eligibility calculator on Bajaj Markets helps an individual to 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.

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

You can get up to ₹41 Lakhs on a net monthly income of Rs 50,000.

Home Loans Based on Salaries

One of the most important factor that determines the amount of a home loan on a ₹50000 salary is the net salary of the borrower. Elucidated below are the salary pertinent home loan amounts sanctioned:

Borrower’s Age	Net Salary per month (₹)
	25,000 – 50,000	75,000
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.

Conclusion

Buying a home, and doing so via a home loan, requires adequate research and financial planning. As has been stated above, the loan amount sanctioned to you will depend on a range of factors, including your credit score/credit history and your monthly salary, in addition to a host of other eligibility criteria set by the lender. To opt for the best home loans, at the most lucrative rates of interest, flexible tenures, and with minimal documentation, visit the Bajaj Markets website today.

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Home Loan on 50,000 FAQs

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.

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.

Your home loan amount depends on your salary as well as ongoing EMIs and other eligibility criteria. With a salary of ₹70,000, you can expect a home loan of around ₹40 to ₹55 Lakhs.

The home loan amount that you can get on a salary of ₹80,000 depends on your other monthly repayments, time left until retirement, and more. In general, you can expect to get a home loan of around ₹65-₹66 Lakhs.

You can get around ₹64-₹71 Lakhs with a salary of ₹90,000. You can use a home loan eligibility calculator to get your potential home loan amount.

Yes, you can get a housing loan of ₹40 Lakhs with a salary of ₹55,000. Keep in mind that this depends on your current obligations, home loan interest rate, lender’s eligibility terms etc.