Can I Get a Home Loan with 15000 Salary

Can I Get a Home Loan with 15000 Salary?

Now, a home loan is possible at Rs. 15,000 income. Person obtain Rs. 2 lakh to Rs. 75 lakh home loan at a flexible 9.65% interest rate. Affordable documentation and a transparent process give you quick approval.

Home Loan Quick Recap

Loan AmountMaximum 75 Lakh
Interest Rate9.65% to 18% per year
RepaymentUp To 20 years
CIBIL Score -1 or 700+
Processing ChargeUp to 4% + Tax
Eligible PersonSalaried Individual

Benefits of Taking a Home Loan

  • Home loan is available at low interest which is 9.65% yearly.
  • Loan tenure is higher compared to other loans. Get up to 20 years of repayment option.
  • A credit score of 700+ is most welcome for a home loan.
  • Make your dream house at just Rs. 15,000 salary.
  • Transparent loan application with no hidden charges.
  • Document process is lower and get digital home loan approval.

Also Read: How to Apply for a Loan with Bad Credit Online?

Home Loan Eligibility Process

Take a loan for a house renovated or make a new house at just Rs. 15,000 in-hand salaries. But you should know the details process of home loan eligibility:

  • Borrower age: 21 to 65 years
  • The overall credit score: -1 or 700+
  • Monthly income: Rs. 15,000
  • The borrower’s current job should be 6 months old.
  • Co-applicant should be a Female

Compare Home Loans with Other Lenders

BanksInterest RateProcess ChargesLoan Amount
PNB Housing Finance8.50% to 11.25% p.a.Up to 0.5% of loan amountAvailable 90% of property Valuation
Indiabulls Home Loan9.30% p.a. onward0.50% onwardUp to 10 Lakh
IDFC Bank Home Loan8.75% p.a. onwardUp to 3%Rs. 1 Lakh to Rs.  5 crore
Kotak Mahindra Bank8.70% to 8.75% p.a.Up to 0.5% of the loan amountUp to 10 crore
DBS BankUp to 18% p.a.Rs. 10,000 + GSTUp to 5 crore
Bank of Maharashtra8.35% to 8.60% p.a.0.25% + TaxUp to 10 crore

Home Loan List of Documents

Taking a home loan is easier when you have all the documents. 24hr Loan gives you a list of complete documents for a home loan. Check the ones before applying:

  • Borrower KYC Documents: Pan Card / Aadhaar Card / Voter Card
  • Borrower 3 months salary slip and 6 months bank statement
  • Current Deed of Property
  • Property Tax Xerox copy
  • Mother Deed copy (If deed not more than 13 years)
  • Record of Land
  • House Plan which the Engineer will do
  • Esteemed of Home renovation cost
  • Co-applicant KYC documents
  • Both passport photos of the Applicant and Co-applicant

Also Read: Mortgage Loan at 12,000 Salary

How much Home Loan Can I be eligible for at Rs. 15,000 Salary

As a borrower, you should know how much a home loan fits at Rs. 15,000 salary. Lenders provide home loans on basic calculation. Approximately 60 times your in-hand salary is eligible home loan amount.  

Let’s understand with an example. I have a Rs. 15,000 net salary. So, the lender will calculate 15,000 X 60 which is 9,00,000. Borrowers will be eligible for a Rs. 9 lakh home loan. This is the process of home loan calculation.

Apply for a Home Loan

Start your home loan application process within minutes. Borrowers need to fill required details for home loans. Our team will contact you and collect all documents.

You should know about our home loan documents list and eligibility criteria for a transparent process.

FAQs on Home Loan

How much credit score is required for a home loan?

An actual credit score of 680+ is needed for a home loan. But a healthy score gives you a higher loan approval chance.

Can I get a home loan at cash salary?

24hr Loan provides a home loan for a new home or home renovation at a cash salary. But cash salary must be Rs. 12,000 or more required.

How to know home loan amount eligibility?

You can easily calculate home loan amount eligibility with your net salary X 60. The answer will be your loan amount. Also, the bank checks current loan running, Loan to Value, and employee job profile before providing a home loan.

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