Buying your dream house often needs financial help. The State Bank of India (SBI) is one of the top banks people trust for home loans. Many buyers ask what salary is required to get a ₹45 lakh loan. Let’s understand how SBI checks eligibility and how much income is needed.
Salary Needed for a ₹45 Lakh Loan
SBI usually allows 40%–50% of your monthly income for EMI payment. EMI depends on loan tenure and interest rate.
For example, if you take a 20-year loan with an 8.5% interest rate, the EMI will be around ₹38,800 per month.
To qualify, your monthly salary should be at least ₹75,000–₹80,000. This keeps a safe balance between your income and EMI.
If you choose a shorter tenure, the EMI becomes higher. This means you need a higher salary. If you choose a longer tenure, EMI is lower, but total interest paid will be more.
Example of Salary and EMI
| Loan Amount | Tenure | Interest Rate | EMI (Approx.) | Minimum Salary Required |
| ₹45,00,000 | 15 Years | 8.5% | ₹44,100 | ₹90,000 |
| ₹45,00,000 | 20 Years | 8.5% | ₹38,800 | ₹75,000–₹80,000 |
| ₹45,00,000 | 25 Years | 8.5% | ₹36,000 | ₹70,000 |
Factors That Decide Eligibility
SBI checks many things before giving a loan. Income is important, but other factors also matter.
- Age of the borrower.
- Credit score (should be 750 or more).
- Job type and stability.
- Other existing loans or liabilities.
- Co-applicant income (spouse or family) can increase eligibility.
SBI Home Loan Benefits
SBI is known for affordable rates and easy repayment options. It offers clear terms and no hidden charges.
Women applicants get lower interest rates. Salaried people get faster processing. SBI also offers Rinn Raksha insurance, which covers the outstanding loan amount.
Conclusion
To get an SBI home loan of ₹45 lakh, you usually need a salary of ₹75,000 or more per month. Your actual eligibility depends on tenure, credit score, and other factors. With proper planning and steady income, SBI can help you buy your dream home.