Hi buddy,
Do you want to know how much income is required for home loan? Well, let me tell you that the minimum income required for a home loan varies from bank to bank. Generally, your net income should be more than Rs. 25000 per month.
If your net monthly income ranges from Rs. 25000 to Rs. 40000, you may be eligible for a housing loan if your fixed obligations (EMI and rent) don’t exceed 50 percent of your income.
If your net monthly income is more than Rs. 40000, then you may be eligible for a housing loan if your fixed obligations don’t exceed 65 percent of your income.
Check your Housing Loan Eligibility on NoBroker Easily
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