The actual loan amount you qualify for depends on several factors like the loan type, your credit score, debt-to-income ratio, other debts, etc. Your income is just one of the many factors that determine the loan amount. 

The loan amount you can get depends on the type of loan you want to avail and it also depends on the lender's criteria. When it comes to personal loans, the approximate maximum amount that you can borrow will be Rs.1.4 Lakhs. Personal loan interest rates are always higher compared to the interest rates of other loans and the repayment period would also be shorter. So, generally, lenders resort to providing lower. 

But when it comes to home loans, you would be able to avail higher and the interest rates will be lower than that of personal loan interest rates. An approximate amount that you would get is Rs.8.5 lakhs, with a repayment period of 20 years. These loan amounts will vary according to lenders and interest rates would also vary depending on your credit score. Your credit score will also play an important role in deciding the amount you will be eligible for. The higher your credit score, the higher the loan amounts you will qualify for.

Also Read: 5 Best Lenders For Personal Loans In India