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Securing a home loan may not be a daunting task for individuals with a ₹60,000 salary. Numerous lenders are eager to offer the necessary funds for building your dream home. However, there are certain aspects you should be aware of before initiating your loan application. These include the applicable interest rates, required documentation, relevant eligibility criteria, expected EMIs, and other associated fees. Hence, to make your financial journey less difficult, Urban Money provides a detailed overview of home loans for ₹60,000 salary.
The following are common eligibility criteria when seeking a home loan for ₹ 60,000 salary:
To apply for a ₹ 60,000 salary home loan, you will generally need to submit the following documents:
Let’s take a look at a list of tips you can follow to increase your chances of getting a mortgage with a ₹60,000 salary:
An individual earning a salary of INR 60,000 can typically secure a home loan between INR 40 Lakhs and INR 45 Lakhs, depending on their creditworthiness and credit history. To determine the exact loan amount they are eligible for, borrowers can use Pluto Money’s home loan eligibility calculator. This tool provides a precise estimate based on the salary entered and generates a list of banks along with the loan amounts they offer, making it easier to compare options and choose the best deal.
To check the maximum loan amount you can avail of with a ₹ 60,000 salary home loan, follow the simple steps given below: