Home Loan on 65000 Salary

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The amount of home loan on 65000 salary depends on certain factors like an applicant’s age, location of a property, and the likes. To know the actual amount you are eligible for, you can use an online eligibility calculator free of cost.

How much home loan can I get on 65000 salary?

Refer to the table mentioned below to know how much loan you can get as per your salary.

Net monthly income	Home loan amount**
Rs. 65,000	Rs. 54,21,854
Rs. 64,000	Rs. 53,38,441
Rs. 63,000	Rs. 52,55,028
Rs. 62,000	Rs. 51,71,614
Rs. 61,000	Rs. 50,88,201

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

Along with checking the loan amount you can avail of under a specified salary bracket, you should also be aware of the home loan tax benefits to make an informed decision.

You can check your housing loan eligibility by using an online calculator. Here are the steps associated with it:

Step 1: Visit the webpage of a home loan eligibility calculator.

Step 2: Enter the details mentioned below:

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

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

Step 4: This calculator will instantly show the loan amount you can avail of based on the details entered. You can also alter these values in different tabs to find a suitable loan offer.

Besides evaluating home loan eligibility, you should also be aware of the documents mandatory for this purpose.

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?

The home loan interest rate charged by Bajaj Finserv currently starts from 7.49%* p.a. p.a. Hence, EMIs here starts from as low as Rs. 687/lakh*.

The benefits of a home loan from Bajaj Finserv are:

Substantial loan quantum

The housing loan amount can go as Loan sanction up to Rs. 15 crore*, as per your eligibility. Additionally, you can get a top-up loan of Rs. 1 crore* or more to meet additional expenses.
Long repayment tenor

The repayment tenor of a home loan is up to 32 years, resulting in effortless credit repayment. You can use a home loan EMI calculator to find a suitable tenor.
No additional charges on prepayments and foreclosure

Housing loans with Bajaj Finserv do not entail any additional charges for part-prepayments and foreclosure. Hence, you can close your loan account before the tenor without increasing the cost of borrowing.
Balance transfer

Home loan balance transfer helps you to shift your loan from the current lender and enjoy better interest rates and favourable loan terms.
PMAY benefits

With Bajaj Finserv, you can apply for a housing loan under PMAY at a subsidised interest rate.
Property dossier

This facility guides you through the various financial and legal aspects of owning a property.
Online access to a loan account

The customer portal of Bajaj Finserv allows you to access your loan account anytime, anywhere.

To apply for a housing loan with Bajaj Finserv, you can follow the steps mentioned below:

1 Visit the Bajaj Finserv website
2 Duly fill-up the loan application form with required professional and personal information
3 After receiving the initial approval, submit the essential papers and pay associated charges
4 A Bajaj Finserv representative will contact you after this for future proceedings
5 Following a successful verification of property and loan documents, you will receive the loan sanction letter
6 Once your sign the loan agreement, you will receive the loan amount

Here are some pointers on how to improve your eligibility for a home loan on 65000 salary:

Including a co-applicant is an option, as lenders factor in the eligibility of both applicants and then determine the loan amount accordingly.
Mentioning additional income sources like rental income, interest income, etc., increases your total monthly income and improves your repayment capacity.
A good credit score combined with a spotless repayment history considerably increases your loan eligibility.
Opting for a longer tenor lowers the home loan EMIs, which will match your repayment capacity and improve your eligibility.

To know more about a home loan on 65000 salary, contact a representative from Bajaj Finserv.