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Availing Home Loan on a Salary of Rs.65,000_WC

Home Loan on Rs.65000 Salary: Overview

Prospective homebuyers can avail of a Home Loan to facilitate the purchase of a residential property. Every bank or NBFC is required to conduct checks and measures while assessing the Home Loan applications. This is done to examine the creditworthiness of a borrower. Several factors such as the applicant’s income, job profile, current liabilities, and so on, are considered when lending loans. If you have a good credit score and meet the eligibility criteria set by your lender, your loan request has a higher chance of being approved.

If you are planning to avail of a Home Loan on a salary of Rs.65,000, read further to learn about our Home Loan features, required documents, and the process to apply for it online.

How Much Home Loan Can I Get on Rs. 65,000 Salary?_WC

How Much Home Loan Can I Get on Rs.65,000 Salary?

Your monthly salary is a huge indicator of how much Home Loan you may be sanctioned. The quantum of money one is eligible to borrow will directly influence the budget of the property that one seeks to purchase. Lenders normally extend housing loans up to a maximum tenor of 40 years. Ideally, the recommended EMI payouts should never exceed 50% of your net salary. Thu

Now, we calculate the probable eligibility amount as follows:

Expected EMI – Within Rs.32,500

Interest rate – 8.50%* p.a.

Repayment tenor – 40 years

Existing obligations – Nil

Therefore, the sum of money you would be eligible to borrow on a salary of Rs.65,000 = Rs.40 lakh.

The above parameters will vary according to your financial standing and the terms extended by your lender. Use a Home Loan Eligibility Calculator to accurately estimate the principal sum you may be eligible for.

Home Loan Eligibility Criteria

Lenders evaluate each applicant’s eligibility based on the following parameters to appraise his/her credit profile and repayment capacity. This helps them decide whether or not to grant approvals, and if so, on what terms and conditions.

Also Read: How much home loan can I get on my salary?

Documents Required for Home Loan

Documentation requirements for a house loan depend on your profession - whether salaried or self-employed – as listed here:

For Salaried Applicants:

  • Address proof
  • Mandatory documents- PAN Card/Form 60
  • Proof of income
  • KYC documents
  • Latest salary slips of three to six months
  • Form 16
  • Bank statements for the past six months

For Self-Employed Applicants:

  • Profit and loss statements
  • Mandatory documents- PAN Card/Form 60
  • KYC documents
  • Financial statements for the previous six months
  • Balance sheet
  • Business registration certificate

Note: This is an indicative list. Lenders may call for additional documents during Home Loan processing.

How to Apply for a Home Loan on a salary of Rs.65,000_WC

How to Apply for a Home Loan on a salary of Rs.65,000

Access the official website of your preferred lender to apply for a housing loan on a salary of Rs.65,000. If you wish to apply for a Home Loan with us, follow the steps given below:

  • Navigate to the online Home Loan application form.
  • Fill in the details as asked, providing accurate information.
  • Enter the amount you wish to borrow.
  • Ensure there are no errors. Check the details carefully before submitting.
  • You will need to present the necessary documentation for further processing and scrutiny of the application form to receive loan approval.

Once you submit the Home Loan application, our representatives will get in touch with you to explain the further steps.

*Terms and conditions apply.

Features and Benefits of a Home Loan at Bajaj Housing Finance_WC

Features and Benefits of a Home Loan at Bajaj Housing Finance

If you are looking for a home loan on a salary of Rs.65,000, you can enjoy several benefits if you opt for  Bajaj Housing Finance.

High Loan Amount

For a salary of Rs.65,000, you can enjoy a Home Loan sanction of considerable amount.

Long Repayment Tenor

A long repayment tenor of 40 years helps you pay comfortably and reduces your burden.

Easy EMIs

At an interest rate starting as low as 8.50%* p.a. for salaried applicants , you can grab a better deal and make considerable savings

Minimal Documentation

We keep the documentation minimal and quick so that your experience remains positive.

Top-up loan

When in need of interior upliftment, opt for a Top-up loan at low interest rates and cover your additional expenses.

Disbursal in 48 Hours*

Home loan applicants can expect to receive their sanction within 48 Hours*, following the approval of their application and documentation verification.

Eligibility Criteria For a Housing Loan on a salary of Rs.65,000_WC

Eligibility Criteria For a Housing Loan on a salary of Rs.65,000

Salaried Individuals Self-Employed Individuals
Indians including NRI Indian residents only
3+ years of work experience 5+ years of business vintage at current enterprise
Should be between 23 to 75 years of age** Should be between 25 to 70 years of age**

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

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Instant Home Loan approval at just

Rs. 1,999 + GST*

Rs.5,999 + GST
*Non Refundable