Home Loan on 80000 Salary

Lower interest rates, favourable government schemes, and other associated benefits have surged the growth of the home loan sector. However, borrowers need to fulfil certain eligibility criteria before approving a home loan. Although such factors vary from one lender to another, some of them remain constant for lenders. Such factors include a property age, applicant’s age, monthly income, and more.

Besides, borrowers can take the assistance of different online calculators to determine the eligible amount of home loan on 80000 salary and apply as per procedure.

How much home loan can I get on an 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. 85, 000

Rs. 75,96,553

Rs. 84, 000

Rs. 75,07,182

Rs. 82, 000

Rs. 68,39,877

Rs. 80, 000

Rs. 66,73,051

Rs. 78, 000

Rs. 65,06,225


**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?

Prospective borrowers can conveniently check home loan eligibility through an online calculator. Here are the steps to use this beneficial online tool:

Step 1 - Go to the eligibility calculator.

Step 2 - Input the information mentioned below:

  • Date of Birth
  • Residence
  • Net monthly
  • Additional income
  • Current EMIs or other financial obligations

Step 3 - After submitting this information, click on “Check your eligibility.”

Step 4 - This online device will display the exact loan amount you are eligible to avail. You can also change the determinants to find a suitable loan offer.

Besides, borrowers should also submit authentic documents to ensure hassle-free loan approval.

What are the documents required for a housing loan?

Take a look at the list of documents that one needs to submit to avail a home loan:

  • KYC documents
  • Address proof
  • Income proof (latest salary slip/ Form 16,)
  • Business existence proof of at least 5 years
  • Financial statement of last 6 months
  • Profit and Loss statement

What is the current interest rate on a home loan?

Currently, the home loan interest rate charged by Bajaj Finserv starts at 6.75%* p.a. The EMIs are quite affordable and start at just Rs. 649/ lakh.

What are the benefits of the Bajaj Finserv Home Loan?

  • High loan quantum

    High loan quantum

    Based on your eligibility, you can avail of a loan amount of Rs. 5 crore* or higher, basis eligibility with BFL. Along with this, you can also avail a top-up loan facility of Rs. 1 crore* or more to meet additional expenses.

  • Flexible repayment tenor

    Flexible repayment tenor

    The repayment tenor of a home loan from Bajaj Finserv can go up to 30 years. Therefore, borrowers can repay the loan amount conveniently through affordable EMIs. Besides, customers can also use a home loan EMI calculator to determine the suitable tenor based on their repayment capacity.

  • Benefit of balance transfer

    Benefit of balance transfer

    The home loan balance transfer facility allows existing borrowers to transfer their outstanding loan amount to Bajaj Finserv to avail market-best interest rates and repayment flexibility.

  • No prepayment or foreclosure charges

    No prepayment or foreclosure charges

    Besides servicing EMIs, you can opt for prepayment or foreclosure to pay off your debts ahead of time. The best part is that Bajaj Finserv does not levy any additional charges.

  • Property dossier

    Property dossier

    Get thorough guidance on all the legal and financial aspects of being a property owner.

  • Benefits of PMAY

    Benefits of PMAY

    One of the registered financial institutions for extending PMAY facilities is Bajaj Finserv. Under this plan, EWS, MIG (I and II), and LIG group of people can enjoy subsidised interest against their home loans.

Apart from these advantages, one should not skip claiming the tax benefits on a home loan and save substantially on interest repayment.

What is the procedure for home loan application?

Applicants can follow the stepwise procedure below to apply for a housing loan from Bajaj Finserv:

  1. 1 Visit the official website of Bajaj Finserv
  2. 2 Fill up the loan application form with relevant personal and professional details
  3. 3 After following the initial approval; submit essential documents pay the required fee
  4. 4 After that, a representative of Bajaj Finserv will reach out to you for further proceedings
  5. 5 After successfully verifying the loan and property documents, you will finally receive the loan sanction letter
  6. 6 After signing the loan agreement, you will receive your loan amount

How to improve home loan eligibility?

To avail substantial amount and ensure a hassle-free loan application, follow the tips below and enhance your home loan eligibility:

  • Maintain a high CIBIL score of 750 and above
  • Mention additional income source
  • Add a co-applicant
  • Choose a longer repayment tenor

For more information about home loan on 80000 salary, feel free to reach out to an executive of Bajaj Finserv.