Home Loan on 30000-50000 Salary: Eligibility & Interest Rate

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Home Loan on ₹30,000 - ₹50,000 Salary

Home Loan on ₹30,000 - ₹50,000 Salary

Unlock Homeownership: Affordable Loans, Happy Homes

Home Loan on ₹30,000 - ₹50,000 Salary

A home to call your own is everyone’s dream. If you have just started your career and are staying on rent, don’t think you can’t afford to buy a home with your current low salary. You can easily apply for a ₹30,000 - ₹50,000 salary home loan with Axis Bank and fulfil your dream. Start early and build an asset to last you a lifetime!

How much home loan can I get on a ₹30,000 - ₹50,000 Salary?

Home loan eligibility depends on net in-hand salary, and you can get a home loan up to 60 times your net monthly salary. Thus, for a ₹30,000 - ₹50,000 salary, you can avail ₹18 lakh - ₹30 lakh home loan, subject to eligibility criteria.

For example,

Net Monthly Income (₹)	30,000	40,000	50,000
Age (yrs)	30	30	30
Loan tenure (yrs)	15	15	15
Other EMIs (₹)	0	0	0
Interest Rate (%)	10	10	10
Loan Amount (₹)	18,14,620	24,19,493	30,24,366

Note: Considering 8.75% interest in the below scenarios.

Home Loan on ₹30,000 - ₹50,000 Salary Benefits

Benefits of applying home loan from Axis Bank:

Smaller EMIs: Repay home loans with smaller EMIs stretched over a longer tenure
Attractive interest rate: Avail home loans at lower interest rates, making it easier on your pockets
Type of interest rate: Have flexibility to choose the type of interest rate – floating or fixed
Hassle-free process: Experience a hassle-free process with basic eligibility criteria and requiring minimum documentation
Customised repayment options: Choose repayment options as per your preference
Top-up loan: Option to borrow additional funds over your existing home loan amount
Relaxation on pre-payment penalty: No pre-payment penalty in case of floating interest rates, whereas nominal charges are imposed on loans on fixed interest rates
Home loan balance transfer: Shift your home loan from an existing lender at higher rates to Axis Bank at lower interest rates

How to apply for a Home Loan online at Axis Bank?

Start your online home loan application at Axis Bank by following the easy steps below

Visit the Home Loan page. Click on the “Apply Now” button
Enter your details, including name, contact number, etc., and click on Submit
Submit KYC documents to get the loan sanctioned
Once sanctioned, submit the property documents for verification
The loan will get approved in 15 days

The eligibility criteria for Axis Bank Home Loan is straightforward. Salaried, self-employed individuals and professionals can apply for a home loan. It is better to check your eligibility criteria and calculate the same using the Home Loan Eligibility Calculator before applying.