Dear reader, are you looking to know about credit card limit for 30,000 salary? then you came to right article. In this article you will get to know about credit card limit details for 30,000 salary. This article is written after referring more than 25 blogs/ websites.
If your salary is Rs 30,000/- per month, you are eligible to get the credit card. This salary of Rs 30000/- pm applicable to salaried employees only. If you are self employed more than 6 lakh yearly income required to get a credit card loan.
FACTORS AFFECTING CREDIT CARD LIMIT
YOUR MONTHLY SALARY
Many banks follows1.5 X, 2 X, 2.5 X, 3 X formula to give a credit card limit to customers.
For Example:
If you are salary is Rs 30,000 per month then your credit card limit will be Rs 30,000 into 1.5 X that is rupees 45,000 and maximum you are eligible Rs 30000 X 3 is Rs 90,000.
Even Banks can give more credit card limit based on your past dealing with Bank.
YOUR CIBIL SCORE
If your CIBIL score is more than 700 then you will get credit limit more. If it is less than 700 you will get a lesser credit limit.
YOUR PRESENT LOANS
This factor majorly influences your credit card limit.
For Example
If you are drawing a salary of ₹ 30,000 per month in that ₹ 30,000 you are paying ₹ 12,000 for Home Loan then your net income will be reduced to 18,000 only. In this case you will get a very lessor credit card limit.
CONCLUSION
Dear reader in this article you get to know about credit card limit for 30000 salary. Credit card limit ranges between 45,000 to 90,000. Even few banks can give you more its depends on customers past history. If you have any query regarding this article, kindly contact us through our contact page.