Hello. I’d like to tell you how much home loan can I get on 65000 salary. Your salary gives banks a clear picture of the loan amount they can offer. Under no existing debt, low interest rate and long tenure like 20 years, you can expect a loan of up to Rs. 50 lakhs. But, your salary alone doesn’t decide your loan amount. There are factors like existing EMIs, interest rates, loan tenure and more. I will talk about this below.
Home Loan Amount on 65000 Salary
Lenders usually take 40 to 50 percent of your monthly income as the amount available for EMI payments. So, you can consider an EMI of Rs. 26,000 to Rs. 32,500 per month. Now, your actual loan amount will be decided through these factors:
Credit Score: A high credit score preferably 750 increases your chances of gaining a higher loan amount. This shows your creditworthiness in terms of timely repayment.
Existing EMI: If you have any existing debts on you, they will weigh you down and decrease the eligible loan amount.
Interest Rate: This is another factor to consider. A higher interest rate will decrease your loan amount as it adds to the interest payments on the loan.
Duration: This is a key factor. A longer tenure gives you a higher loan amount.
That is all from my side. hope you now know how much loan can I get on 65000 salary.
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How much Home Loan can I get on 65000 Salary?
veer49
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9 months
2025-02-28T15:05:16+00:00 2025-02-28T15:05:16+00:00Comment
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