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Home Loan on 74000 Salary: If you are a salaried individual and wish to avail a home loan, the very first question that comes to mind is - Am I eligible for a home loan with a salary of ₹74000 per month?
Yes, you will be eligible for a home loan up to 36.48 Lakhs, bringing your dream home within reach with some simple steps. Aavas Financiers offers a smooth, seamless, and easy online home loan application process and advantages like flexible EMI options and competitive interest rates. We make sure every individual achieves their dream of homeownership with ease.
Based on a monthly salary of ₹74000 and assuming no existing financial obligations (like ongoing EMIs or outstanding credit card dues), you may be eligible for a home loan amount of approximately ₹36.48 lakhs. The interest rate could range between *9.25% and 15% or higher, with a loan tenure of up to 180 months.
Parameter | Loan Amount |
---|---|
Loan Amount | ₹36.48 lakhs |
Rate of Interest | 9.25% p.a. |
Loan Tenure | 5 years |
Monthly EMI | ₹76170 |
Check your home loan eligibility with Aavas using the Home Loan Eligibility Calculator in less than a minute. Only by entering your monthly income, existing EMIs, interest rate, credit history, and age for a quick assessment. Once you come to know about your eligibility, this is time to take a step further towards applying for a home loan with Aavas. This will be a step forward to your dream home. Start exploring and unlock your journey to homeownership.
Documents Required for Home Loan (Salaried) | |||
---|---|---|---|
Identity Proof | Address Proof | Proof of Income | Other Documents |
PAN Card (mandatory) and any one of the below documents | Any one of the below documents: | All the documents are given below: | All the documents are given below: |
Valid Passport | Valid Passport | Salary Slips/Bank Statements/Form-16 | Application form with photograph duly signed |
Voter ID Card | Voter ID Card | Salary Certificate (cash salaried cases) | Processing fee cheque |
Aadhaar Card | Aadhaar Card | The last 6 months' bank statements | |
Valid Driving License | PAN Card | Copy of Allotment letter/Seller's Agreement | |
Valid Driving License | Receipts of payment made to builder/developer |
Note: For a complete List of Documents Required for Home Loan, please contact the nearest Aavas branch. The documents mentioned are indicative and may vary based on specific requirements and changes in lending policies.
Aavas Financiers Ltd. offers huge benefits to home loan applicants such as:
Look for the "Home Loan Product Link" under the "Loan Products" tab in the main navigation.
Please provide your contact details, such as your mobile number, full name, email, city, and pin code.
Select the loan option that meets your requirements for a home loan. These options include home purchase loans, home improvement loans, home construction loans, or securing a loan against property.
Ensure you check the terms and conditions provided by Aavas for better understanding. After that confirm your acceptance by reviewing the agreement.
To submit your loan application click on the “Submit” or “Apply Now” button.
Once you submit your application, Aavas Financiers will reach out for further information or documents. To accelerate your home loan application, make sure all your documents are present.
Aavas Financiers review your home loan application to check eligibility. If it gets approved, you’ll receive details such as loan amount, interest rate, and so on.
Ensure you complete all the processes of verification and documentation required by Aavas such as proof of identity, income, address, and property details.
After completing the verification and documentation process, Aavas will disburse the amount to your account.
After completing the verification and documentation process, Aavas will disburse the amount to your account.
In summary, securing a home loan with a salary of 74000 requires evaluation of eligibility criteria. Although loan amount and tenure may be restricted, it’s vital to explore options that suit your financial planning. By maintaining a strong credit history, you can make your loan process easy. Conducting careful research helps you understand loan terms and improves your chances of securing a home loan.