For many, owning a home is a significant milestone, symbolising a transition from mere tenancy to the deep sense of security and permanence that homeownership affords. However, amidst the excitement of this endeavour, the complexities of securing a home loan often pose challenges. Individuals earning a salary of Rs. 80,000 per month find themselves particularly invested in determining the feasible extent of a home loan.
In this pursuit, grasping the intricacies of loan eligibility criteria, navigating fluctuating interest rates, and identifying effective repayment strategies emerge as crucial steps toward realising the dream of homeownership. Thus, the question arises: How much home loan can I get on a Rs. 80,000 salary?
Meeting specific eligibility criteria is vital for securing approval for a home loan. Although these requirements may vary among lenders, factors such as the applicant's age and monthly income consistently hold significant sway. Additionally, leveraging an online home loan eligibility calculator can aid in determining the eligible loan amount and simplifying the application process.
How much home loan can I get on a Rs. 80,000 salary?
For information regarding eligible home loan amount as per salary bracket, refer to the table below:
Net monthly income |
Home loan amount** |
Rs. 90,000 |
Rs. 58,13,529 |
Rs. 89,000 |
Rs. 57,48,934 |
Rs. 88,000 |
Rs. 56,84,339 |
Rs. 87,000 |
Rs. 56,19,745 |
Rs. 86,000 |
Rs. 55,55,150 |
Rs. 85,000 |
Rs. 54,90,555 |
Rs. 84,000 |
Rs. 54,25,960 |
Rs. 83,000 |
Rs. 50,03,941 |
Rs. 82,000 |
Rs. 49,43,653 |
Rs. 81,000 |
Rs. 48,83,364 |
Rs. 80,000 |
Rs. 48,23,076 |
**The home loan amounts presented are computed utilising the Bajaj Finserv eligibility calculator. However, the final loan amount may vary due to factors such as city location, age, and other variables.
How to check home loan eligibility?
Easily determine your eligibility for a Bajaj Housing Finance Home Loan using our online eligibility calculator. Follow these simple steps to make the most of this convenient tool:
- Go to the eligibility calculator.
- Enter the required details, including:
- Date of birth
- Residential address
- Net monthly income
- Monthly obligations
- Current EMIs or other financial commitments
- Upon submission, the online tool will promptly display the precise loan amount you qualify for. Additionally, you can adjust the parameters to explore different loan options.
Furthermore, it is essential to provide authentic documents to expedite the loan approval process.
What are the documents required for a Bajaj Housing Finance Home Loan?
Take a look at the list of documents that you need to submit to avail of a home loan:
- KYC documents (identity and address proof)
- Proof of income (salary slips or P&L statement)
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
How to apply for a Bajaj Housing Finance Home Loan?
You can easily apply for a home loan by following the simple steps mentioned below:
- Simply click on the 'APPLY' button found on this page.
- Enter your complete name, mobile number, and current employment status.
- Choose the type of loan you intend to apply for.
- Generate and input the OTP to verify your mobile number.
- After OTP verification, provide additional information such as your monthly income, desired loan amount, and whether you have already identified the property.
- Proceed to provide your date of birth, PAN number, and any other pertinent details based on your occupation type.
- Click the ‘SUBMIT’ button.
Your application is now submitted. Expect our representative to reach out to you shortly to assist you with the subsequent steps.
It's as easy as that! Don't wait—submit your home loan application today.
