The amount of home loan you can get on a salary of 50,000 will depend on various factors such as your credit score, existing debt, the value of the property, the loan tenure, and the interest rate offered by the lender. Typically, lenders look for a debt-to-income ratio of 40-50%, which means that your total debt payments (including the proposed EMI for the home loan) should not exceed 40-50% of your monthly income.
Assuming a debt-to-income ratio of 50%, and an interest rate of 7.5% per annum, you may be eligible for a home loan of approximately 25-30 lakhs, depending on the loan tenure and other factors. However, it is advisable to use a home loan eligibility calculator to get a more accurate estimate based on your specific financial situation. Additionally, it's important to note that the final decision on the amount of the loan will be at the discretion of the lender, based on their internal policies and guidelines.
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