Home Loan on 50000 Salary

The amount of home loan varies based on a few factors that include monthly income, age of an applicant, location of a property, and others. However, you can take the help of different online calculators to find the eligible loan amount in advance and then apply accordingly.

How much home loan can I get on a 50000 salary?

If you are contemplating the home loan on 50000 salary, you can refer to the table below for a quick overview:

Net monthly income

Home loan amount**

Rs. 50,000

Rs. 41,70,657

Rs. 49,000

Rs. 40,87,244

Rs. 48,000

Rs. 40,03,831

Rs. 47,000

Rs. 39,20,417

Rs. 46,000

Rs. 38,37,004


**The home loan amount above is calculated using the Bajaj Finserv eligibility calculator. The actual loan amount varies with city, age & other factors.

How to check home loan eligibility?

You can now quickly check your home loan eligibility through an online calculator. Here are the related steps to use it:

Step 1: Go to a home loan eligibility calculator page.

Step 2: Provide the information stated below:

  • Date of birth
  • City of residence
  • Net monthly salary
  • Loan repayment tenor
  • Additional income amount
  • Current EMIs and other obligations

Step 3: After entering these details and click on ‘check your eligibility.’

Step 4: This eligibility calculator will instantly show the loan amount you can avail of. You can also change the values in different tabs to find a preferable loan offer.

Besides assessing home loan eligibility, you should also be mindful of the documents required for home loan.

What are the documents required for a housing loan?

Here is the list of documents you need to submit to avail of a home loan:

  • KYC documents
  • Income proof (salary slips, form 16, financial documents of a business)
  • Business proof stating at least 5 years of continuity
  • Bank account statement of last 6 months

What is the current interest rate on a housing loan offered by Bajaj Finserv?

The current home loan interest rate charged by Bajaj Finserv starts from 7.70%* p.a. As such, the EMIs will start from just Rs. 713/Lakh*.

What are the benefits of Bajaj Finserv Home Loan?

The advantages of availing of housing credit from Bajaj Finserv include:

  • High loan amount

    High loan amount

    Depending on your eligibility, you can now get a housing loan of Rs. 5 crores* or higher, basis eligibilty with Bajaj Finserv. Moreover, you can get a top-up loan of Rs. 1 crore*or more to meet additional expenses.

  • Long repayment tenor

    Long repayment tenor

    The repayment period of housing loans here can go up to 30 years. Thus, you can repay the credit effortlessly with affordable EMIs. You can also use a home loan EMI calculator to find a suitable tenor as per your repayment capacity.

  • Balance transfer facility

    Balance transfer facility

    The home loan balance transfer facility allows you to shift your loan to Bajaj Finserv and enjoy lower interest rate and repayment flexibility. Also, you can enjoy a substantial top-up loan.

  • No charges on prepayment and foreclosure

    No charges on prepayment and foreclosure

    Besides paying regular home loan EMIs, you can also opt for prepayment or foreclosure to pay off your debts early. Bajaj Finserv does not levy any additional charges on such facilities.

  • Online account management

    Online account management

    With the customer portal of Bajaj Finserv, you can now manage your loan account without any hassle. You can make loan payments or access vital documents through it.

  • Property dossier

    Property dossier

    The property dossier offers an overview of the financial and technical aspects of owning a house, helping you to make an informed decision.

  • PMAY benefits

    PMAY benefits

    Bajaj Finserv is registered to extend the Pradhan Mantri Awas Yojana benefits. You can now get a housing loan against the subsidised interest rate under this plan.

    Besides these advantages, you should also be wary of the home loan tax benefits and plan accordingly.

How to apply for a home loan from Bajaj Finserv?

You can apply for a housing loan with Bajaj Finserv by following the steps mentioned below:

  1. 1 Go to the official website of Bajaj Finserv
  2. 2 Complete the fill-up of loan application form with needed professional and personal information
  3. 3 Following the initial approval, submit the required papers and pay associated charges
  4. 4 After that, a representative from Bajaj Finserv will contact you for future proceedings
  5. 5 After successful verification of property and loan documents, you will receive the loan sanction letter
  6. 6 After the signing of a loan agreement, you will get the loan amount

How can I improve my eligibility for a home loan?

Here are some tips to improve your eligibility for a home loan on 50000 salary:

  • Add a co-applicant
  • Maintain a high credit score and a clean repayment history
  • Opt for a longer tenor
  • Add other income sources

To know more about a home loan on 50000 salary, contact a representative from Bajaj Finserv.