A common question many first-time homebuyers ask is: “How much home loan can I get on an INR 25,000 salary?” The answer depends on several factors. Lenders usually assess not just your income, but also how much of that salary goes towards existing monthly obligations, your credit history, and whether you have provided the required documents.

In this article, we’ll explain home loan eligibility for an INR 25,000 salary, see how your monthly EMIs might look, and share practical tips to improve your chances of approval.

Can You Get a Home Loan with an INR 25,000 Monthly Salary?

Eligibility for a home loan on an INR 25,000 salary depends on multiple factors. Lenders assess not only your income, but also your debt-to-income ratio, CIBIL score, job stability, age, and so on.

How Much Home Loan Can You Get on an INR 25,000 Salary?

Using a home loan eligibility calculator, you can estimate the maximum loan amount you may qualify for. It usually takes into account:

• Monthly income, i.e., INR 25,000
  
• Net monthly obligations (e.g., INR 5,000)
  
• Property value (e.g., INR 50,00,000)
  
• Home loan interest rate (e.g., 10% p.a.)
  
• Tenure (e.g., 360 months or 30 years)

Based on these inputs, the estimated eligible loan amount comes to around INR 8,54,631.

EMI Calculation for Home Loan on an INR 25,000 Salary

Your EMI depends on the loan amount, tenure, and interest rate. With a home loan EMI calculator, you can test different combinations to see what fits your INR 25,000 salary and adjust the tenure or loan amount for manageable repayments.
For example, let’s consider the following scenario:

• Loan amount: INR 8 lakhs
  
• Interest rate: 10% per annum
  
• Tenure: 15 years

The EMI works out to around INR 8,597.
If you extend the tenure to 30 years, the EMI reduces to approximately INR 7,021. However, note that longer tenures increase the total interest paid over the life of the loan.

These calculations are for illustration purposes only. The actual eligibility, sanctioned loan amount, and EMI may vary depending on your individual profile and the lender’s policy at the time of application.

Eligibility Criteria for Home Loan on an INR 25,000 Salary

Here are the main eligibility parameters that you may expect:

• Age: Minimum 21 years at the time of application. At the end of the loan tenure, the borrower should not exceed 65 years.
  
• Credit Score: Generally needs to be 700 or more.
  
• Debt-to-Income Ratio: Should ideally be below 30%.

*Please note that these are only the basic eligibility requirements. The final eligibility will depend on several factors, including the lender’s policy at the time of loan application.

Documents Required for Home Loan on an INR 25,000 Salary

Having the correct documents in order is essential. These typically include:

*Please note that additional documents may be required based on your individual profile and the lender’s policy at the time of loan application.

Tips to Increase Home Loan Eligibility on an INR 25,000 Salary

If your current salary is INR 25,000 per month, here are some practical ways to improve your chances of getting a home loan on favourable terms:

• Add a Co-applicant: Including a co-applicant with a stable income increases the total income considered and reduces the lender’s risk.
  
• Maintain Good CIBIL/Credit Score: Pay EMIs and credit card bills on time, and reduce outstanding debt to maintain a healthy score.
  
• Reduce Existing Debts/EMIs: Clearing existing loans helps improve your debt-to-income ratio, which is a key factor lenders assess.
  
• Increase Down Payment: A higher down payment lowers the loan amount required. This reduces your EMI burden and can improve your chances of approval at a competitive interest rate.
  
• Ensure Employment Stability: Having stable, formal employment and a good employer reputation helps demonstrate your ability to repay reliably.
  
• Keep Documents Ready: All identity, address, income, and property documents should be correctly prepared to avoid delays or rejection.

Conclusion

Getting a home loan on an INR 25,000 salary is possible with the right approach and careful planning.

SMFG Grihashakti offers home loan of up to 90%* of the property’s value at competitive interest rates and flexible tenures of up to 30 years*. Check your eligibility, estimate your EMIs, and apply online today!