what is the max salary the person should have
There is no strict maximum salary limit for a salaried person to be eligible for loans like personal, home, or car loans, as eligibility primarily depends on factors like income, credit score, debt-to-income ratio, and repayment capacity. However, lenders may cap loan amounts based on income multiples (e.g., 15-30 times monthly salary for personal loans) or fixed obligation-to-income ratios (typically 40-55%). Higher salaries generally increase loan eligibility, but excessive existing debts or poor credit can restrict approval, regardless of income
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