Home Loan on 75000 Salary

Housing loans extend necessary financial assistance to purchase a property at an affordable interest rate. However, before applying for a home loan, individuals must be aware of certain factors affecting their loan eligibility. Besides income status, individuals need to consider factors like age, credit score, property location, existing financial obligations, etc.

How much home loan can I get on a 75000 salary?

If prospective borrowers are willing to know that how much home loan on 75000 salary they can acquire, follow the table below:

Net monthly income	Home loan amount**
Rs. 75, 000	Rs. 62,55,985
Rs. 74,000	Rs. 61,72,572
Rs. 73,000	Rs. 60,89,159
Rs. 72,000	Rs. 60,05,746
Rs. 71, 000	Rs. 59,22,333

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

By knowing the eligible home loan amount one is eligible to avail based on his/ her salary, one should also learn how to check the home loan eligibility conveniently by using an online home loan eligibility calculator.

Potential borrowers are required to input the following details in a stepwise procedure:

Step 1 - Find the eligibility calculator on the lender’s website.

Step 2 - Input the following details:

Date of Birth
City of Residence
Total monthly salary
Loan tenor
Additional monthly income
Current EMI or other financial obligations

Step 3 - Click on “Check your eligibility.”

Step 4 - This online tool will display the exact loan amount you are eligible for. You can change the details in the respective fields to find a loan offer suited to your financial requirements.

Here are the necessary documents borrowers need to submit to get a home loan from BFL:

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

Besides, borrowers need to consider the interest rate on home loans before applying for one.

What is the current interest rate on a housing loan?

With Bajaj Finserv, prospective borrowers can get an affordable home loan interest rate starting at 8.50%* p.a p.a. Borrowers can service EMIs starting from Rs. 733/lakh*.

Borrowers can enjoy the following benefits available for a home loan on 75,000 salary:

High loan value

Avail a home loan of up to Rs. 15 crore* based on your eligibility with Bajaj Finserv. Also, to avail more, improve your eligibility by submitting additional income sources.
Loan tenor

Repaying a home loan is now more convenient as Bajaj Finserv offers a loan tenor of up to 30 years. Therefore, individuals can conveniently pay their home loan EMIs without any financial burden.
Avail PMAY benefits

Now borrowers can enjoy the benefits of the government's beneficial housing programme, PMAY. Eligible borrowers can avail subsidised interest against home loans under this scheme.
Balance transfer facility

Opt for a hassle-free home loan balance transfer facility from Bajaj Finserv. Individuals can choose a comparatively lower interest rate and avail a substantial top-up loan to meet additional financial requirements.

Besides, borrowers can take the help of a home loan EMI calculator to determine the exact EMI, payable interest, and overall loan amount, which will help them manage their repayment efficiently.
24x7 online account management

For more convenience, you can access your loan account via our online customer portal anywhere and anytime.

Here is the step-wise application procedure for availing a home loan on 75,000 salary:

1 Visit the official website of Bajaj Finserv
2 Fill the loan application form with the necessary information
3 After initial approval; submit the relevant documents for verification
4 One of the representatives from Bajaj Finserv will connect you to for property and other document verification
5 Lenders will sanction a loan approval letter after successful document verification
6 After signing the loan agreement, pay the necessary fee to get the loan amount

Prospective borrowers can enhance their eligibility by following the tips mentioned below:

Adding a co-applicant will be beneficial for the primary borrower
Try to keep your credit score 750 or above
Mention additional income source
Choose an extended repayment tenor
Clear off your existing financial debts

Apart from these, individuals must know about the home loan tax benefits to ensure substantial savings on interest repayment.

For more information regarding home loan on 75000 salary, reach out to one of the executives from Bajaj Finserv and clear your queries.

‌