Home Loan on ₹45,000 Salary

You can get a home loan of approximately ₹25 Lakhs to ₹33 Lakhs with a salary of ₹45,000. This range is estimated based on an assumed interest rate of 8.50% p.a. and tenure ranging from 15 to 30 years. Let’s understand this in detail.

Assume that the interest rate is constant at 8.50% p.a. Now, let’s see how the home loan amount changes when there is a change in the tenure:

*Disclaimer: These values are an estimate and calculated using a home loan eligibility calculator. The actual amount may differ as per your eligibility and the lender’s policies.

Use this free online tool to find out the home loan amount that you may be eligible for. Simply enter your gross monthly income, preferred tenure, and expected interest rate. You also have the option to provide information about your existing loan obligations. With this, you can instantly calculate and check the amount you may be eligible to borrow. Utilising this calculator enables you to assess your home loan eligibility better. You can also check the home loan eligibility criteria to ensure that you fulfil the requirements, prior to applying for the loan.