Hey there. Let me help you out by answering how much personal loan can I get on 75000 salary. The maximum loan amount you can get is roughly Rs. 18 lakhs on a Rs. 75000 salary per month. See, the loan amount you can get is dependent on several factors, not just your salary. Lenders use different methods to calculate the eligible loan amount, so I can share that with you to give you a close idea of the loan amount you can get with a 75000 salary.
How Much is the Loan Amount on 75000 Salary?
The Multiplier Method is one of the most common methods used to calculate the amount you are eligible for the loan. Here, the monthly salary of the applicant is multiplied by a number between 10 and 24, which is predecided by the bank. So, if we use the multiplier method and see the range for the loan amount you can get, it comes out to be Rs. 7.5 lakhs to Rs. 18 lakhs.
Now, the loan amount you are eligible for is also dependent on the following 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.
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.
Existing EMI: If you have any existing debts, they will weigh you down and decrease the eligible loan amount.
Duration: This is a key factor. A longer tenure gives you a higher loan amount.
I hope this helps.
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How much Personal Loan can I get on 75000 Salary?
guru89
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5 months
2025-09-12T18:32:22+00:00 2025-09-12T18:32:23+00:00Comment
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