How much salary do you have to take a loan from HDFC Bank? Know the EMI systems
Many people depend on loans for buying a home and a plot. A home loan is a long-term loan. Due to this cause, home loans have a lower interest rate as compared to other loans. HDFC Bank is offering a home loan with a 7.90% interest rate. Today we know, I you take a 60 lakh home loan, what should be your monthly salary and what should be the EMI.
RBI decreased 1% repo rate in 2025, which is why, home loan rate decreased 1%. HDFC Bank also decreased its home loan interest rate. Now, HDFC Bank is offering a 7.90% interest rate.
60 lakh home loan with an interest rate of 7.90% for 30 years, your salary should be Rs 88,000. But, for this, you will have to keep one important thing in mind that no other loan should be running in your name.
If you take a home loan of Rs 60 lakh from HDFC Bank at an interest rate of 7.90 percent for 30 years, you will have to pay an EMI of around Rs 44,000 every month. Let us tell you that your credit score plays an important role in getting any kind of loan from any bank. If your credit score is not good, then the bank can reject your loan application. A good credit score is very important for any kind of loan. Apart from the credit score, your old loan accounts are also checked. If your credit score is good, then you can also demand a discount on interest rates from the bank.
