Owning a home represents a monumental achievement for countless individuals, signifying a shift from mere tenancy to the profound sense of security and permanence that comes with ownership. However, amidst the excitement of this endeavour, the complexities of securing a home loan often loom large. For those with a salary of Rs. 70,000, the quest to determine the feasible extent of a home loan becomes particularly pertinent.
In this pursuit, understanding the intricacies of loan eligibility criteria, navigating fluctuating interest rates, and identifying viable repayment strategies are crucial steps toward realising the dream of homeownership. Hence, the question emerges: how much home loan can I get on Rs. 70,000 per month salary?
It is essential to meet specific eligibility criteria to obtain approval for a home loan. Although these requirements may vary among lenders, certain factors such as the applicant's age, monthly income, and others consistently play a significant role. Moreover, using an online home loan eligibility calculator can assist in determining the eligible loan amount and streamlining the application procedure.
How much home loan can I get on a Rs. 70,000 salary?
For information regarding eligible home loan amount as per salary bracket, refer to the table below:
Net monthly income |
Home loan amount** |
Rs. 80,000 |
Rs. 48,23,076 |
Rs. 79,000 |
Rs. 47,62,787 |
Rs. 78,000 |
Rs. 47,02,499 |
Rs. 77,000 |
Rs. 46,42,210 |
Rs. 76,000 |
Rs. 45,81,922 |
Rs. 75,000 |
Rs. 45,21,634 |
Rs. 74,000 |
Rs. 44,61,345 |
Rs. 73,000 |
Rs. 44,01,057 |
Rs. 72,000 |
Rs. 43,40,768 |
Rs. 71,000 |
Rs. 42,80,480 |
Rs. 70,000 |
Rs. 42,20,191 |
**The home loan amounts provided are calculated using the Bajaj Finserv eligibility calculator. However, the actual loan amount might differ due to variables like city location, age, and other factors.
Home loan eligibility based on varying monthly salary
Net monthly salary |
Home loan eligibility** |
Rs. 70,000 |
Rs. 42,20,191 |
Rs. 71,000 |
Rs. 42,80,480 |
Rs. 72,000 |
Rs. 43,40,768 |
Rs. 73,000 |
Rs. 44,01,057 |
Rs. 74,000 |
Rs. 44,61,345 |
Rs. 75,000 |
Rs. 45,21,634 |
Rs. 76,000 |
Rs. 45,81,922 |
Rs. 77,000 |
Rs. 46,42,210 |
Rs. 78,000 |
Rs. 47,02,499 |
Rs. 79,000 |
Rs. 47,62,787 |
Rs. 80,000 |
Rs. 48,23,076 |
How to check home loan eligibility on Rs,70,000 salary?
Effortlessly ascertain your eligibility for a Bajaj Housing Finance Home Loan by utilising our online eligibility calculator. Follow these straightforward steps to leverage this convenient tool effectively:
1. Navigate to the eligibility calculator.
2. Input the following details:
- Date of birth
- Residential address
- Net monthly income
- Monthly obligation
- Current EMIs or other financial commitment
3. Upon providing this information, the online tool will promptly display the precise loan amount for which you qualify. Additionally, you have the flexibility to adjust the parameters to explore various loan options.
Moreover, it is crucial to provide authentic documents to streamline the loan approval process.
What are the documents required for a Bajaj Housing Finance Home Loan?
Take a look at the list of documents required for home loan to submit your application.
- 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
Eligibility criteria for a Bajaj Housing Finance Home Loan
Anyone can apply for our home loan as long as they meet the criteria mentioned below.
Nationality: Applicants must be Indian citizens residing in India.
Age: For salaried individuals, the age should be between 23 years and 67 years. For self-employed professionals, the age limit ranges from 23 years to 70 years.
CIBIL Score: A minimum CIBIL Score of 725 or higher is preferred for home loan approval.
Occupation: Eligible applicants include salaried employees, professionals, and self-employed individuals.
How to apply for a Bajaj Housing Finance Home Loan?
Applying for a home loan is a breeze with the following straightforward steps:
- Click on the 'APPLY' button located on this page.
- Enter your full name, mobile number, and current employment status.
- Select the type of loan you wish to apply for.
- Generate and enter the OTP to verify your mobile number.
- Upon OTP verification, provide additional details such as your monthly income, desired loan amount, and whether you have identified the property.
- Proceed to input your date of birth, PAN number, and any other relevant details based on your occupation type.
- Click the ‘SUBMIT’ button.
Your application is now complete. Expect a representative to contact you shortly to guide you through the next steps.
It's as straightforward as that! Don't wait—submit your home loan application today.
