Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » What is the credit limit for 30k salary?

What is the credit limit for 30k salary?

When considering applying for a credit card with a monthly salary of ₹30,000 in India, understanding the potential credit limit becomes crucial. Credit card limits vary depending on several factors, with the applicant’s salary being a primary consideration. Typically, issuers provide a credit limit ranging from 1.5 times to 3 times the monthly salary. In the case of a ₹30,000 monthly salary, this translates to a credit limit of ₹45,000 to ₹90,000.

It’s important to note that credit card companies in India have policies in place to determine credit limits. While the applicant’s income is significant, other factors such as credit history, existing debts, and credit utilization also influence the final credit limit. Those with a good credit score and a stable financial history may qualify for a higher credit limit, while those with poor credit might be offered a lower one.

In summary, for individuals earning a monthly salary of ₹30,000 in India, the credit card limit typically ranges between ₹45,000 and ₹90,000, based on the issuer’s policies and various financial factors. It’s advisable to maintain a good credit score and manage finances responsibly to potentially qualify for a higher credit limit. Additionally, understanding one’s financial situation and spending habits can help in utilizing the credit card effectively.

(Response: The credit limit for a ₹30,000 salary ranges between ₹45,000 and ₹90,000, subject to issuer policies and financial factors.)