How Much Loan Can I Get with a Salary of ₹35,000?

Congratulations on your growing career and a salary of ₹35,000! With this increased income, you may be wondering about your borrowing capacity and the loan options available to you. Whether you have specific financial goals or unexpected expenses to address, understanding how much loan you can get with your salary is crucial. In this article, we’ll explore the factors that determine your loan eligibility, shed light on different loan types, and guide you towards making informed borrowing decisions.

Determining Loan Eligibility:

When it comes to determining your loan eligibility, several factors come into play. Let’s delve into the key considerations that lenders typically take into account:

Monthly Income: Your salary of ₹35,000 serves as the primary factor in evaluating your loan eligibility. Lenders want to ensure that you have a stable income and the capacity to repay the loan.

Expenses and Financial Commitments: Lenders assess your monthly expenses, including rent, bills, existing loan payments, and other financial obligations. They want to determine how much of your income is available for loan repayments.

Credit Score and History: Your credit score and credit history play a crucial role in securing a loan. A good credit score indicates your responsible borrowing behavior and increases your chances of approval.

Employment Stability: Lenders also consider your employment history and stability. Having a stable job with a consistent income stream adds credibility to your loan application.

Loan-to-Income Ratio:

The loan-to-income ratio is a significant factor in determining the loan amount you can secure. It represents the proportion of your salary that can be allocated towards loan repayments. Lenders generally have varying ratios, but a common range is around 40-50% of your monthly income.

Using the loan-to-income ratio as a guideline, with a salary of ₹35,000, you could potentially qualify for a loan with an Equated Monthly Installment (EMI) ranging from ₹14,000 to ₹17,500. However, it’s essential to consider your financial obligations and choose an EMI that comfortably fits within your budget.

Types of Loans Available:

With your salary of ₹35,000, various loan options are available to address your financial needs. Here are a few types of loans you can consider:

Personal Loans: Personal loans are versatile and can be used for various purposes, such as consolidating debt, financing a wedding, covering medical expenses, or fulfilling other personal financial needs.

Home Loans: If you aspire to buy a home or invest in real estate, a home loan can help you fulfill your dreams. These loans are designed specifically for purchasing residential properties.

Car Loans: Planning to buy your dream car? Car loans provide the necessary financing to make your vehicle purchase more manageable. You can choose from new or used car loans, depending on your preference.

Education Loans: Education loans enable you to pursue higher education or professional courses. These loans cover tuition fees, accommodation expenses, and other education-related costs.

Business Loans: If you have entrepreneurial aspirations, a business loan can provide the capital needed to start or expand your business. These loans cater to various business needs, including working capital, equipment purchase, or expansion plans.

Evaluating Your Financial Situation:

Assess Your Loan Repayment Capacity: Calculate your monthly budget by considering your income, expenses, and existing financial obligations. This evaluation will help you determine how much EMI you can comfortably afford.

Check Your Credit Score: Obtain your credit report and review your credit score. If your score is lower than expected, take steps to improve it before applying for a loan. Paying bills on time, reducing outstanding debt, and maintaining a healthy credit utilization ratio can positively impact your credit score.

Plan Loan Repayment: Create a repayment plan that suits your financial goals and minimizes interest costs. Consider factors such as loan tenure, prepayment options, and potential changes in your income in the future.

Read the Fine Print: Carefully review the terms and conditions of the loan agreement. Pay attention to details such as interest rates, fees, penalties, and any prepayment conditions. Seek clarification on any doubts or queries you may have before finalizing the loan.

Choose the right Lender: Remember finable has the right offering for you, great rates, fast simple disbursals!


When you ask yourself: “how much loan can I get with a salary of ₹35,000?”, remember the rule of thumb is to stick to no more than 40% of your net take home as a maximum EMI. You have several loan options available to support your financial aspirations. However, it’s essential to evaluate your financial situation, consider your loan eligibility factors, and make informed borrowing decisions. At Finnable, we are dedicated to assisting you on your loan journey. If you’re ready to explore your loan possibilities, [apply for a loan today](Apply-Now) and take a step closer to achieving your financial goals. Remember to borrow responsibly and choose a loan that aligns with your needs and repayment capacity.

Frequently Asked Questions (FAQs):

The loan amount you can get with a salary of ₹35,000 depends on various factors, including your credit score, loan-to-income ratio, and the policies of the lending institution. Typically, lenders consider a loan-to-income ratio of around 40-50%. Based on this, you could be eligible for a loan with an EMI ranging from ₹14,000 to ₹17,500. However, the actual loan amount may vary based on other considerations.

While having a good credit score increases your chances of loan approval, you may still be eligible for a loan with a salary of ₹35,000, even if you have a low credit score. At finnable we use Cibil as our credit scoring

Our approval process is super-fast, once we verify your eligibility. Your loan amount will be credited to the account within 24-48 hours.

Yes, absolutely! If your salary increases and you find yourself with additional funds, you can choose to prepay your loan. Prepayment allows you to make extra payments towards your loan, reducing the outstanding principal amount and potentially shortening the loan tenure.

The specific documents required may vary depending on the lender and the type of loan you are applying for. Generally, you will need proof of identity (such as Aadhaar card, PAN card, or passport), proof of address, salary slips, bank statements, and income tax returns. It's advisable to check with the lender or visit their website to get a complete list of required documents for your loan application.

Amit Arora Finnable


I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
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