How much home loan can you get?
Work backwards from your salary to the loan a bank is likely to offer, the property budget it supports, and the down payment you will need.
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Quick answer
Banks cap all your EMIs at roughly 40-60% of net monthly income. On a ₹1 lakh monthly salary with no other loans, a 50% limit at 8.5% for 20 years supports an EMI of ₹50,000 and a home loan of about ₹57.62 L.
How much can you borrow?
Banks look at your income, your existing EMIs and how much of your salary they let go to repayments.
Amounts in ₹; ₹1,00,000 = ₹1 lakh.
What banks lend at your salary
Lenders cap all your EMIs at a share of your net income, called FOIR, and lend only up to a share of the property value, called LTV. The rest you pay as a down payment.
Home loan by monthly income
At the example rate, tenure and FOIR, with no other EMIs. The row nearest the example income is highlighted.
| Net income | Max EMI | Eligible loan | Property budget |
|---|---|---|---|
| ₹50,000/mo | ₹25,000 | ₹28.81 L | ₹32.01 L |
| ₹75,000/mo | ₹37,500 | ₹43.21 L | ₹54.01 L |
| ₹1,00,000/mo | ₹50,000 | ₹57.62 L | ₹72.02 L |
| ₹1,50,000/mo | ₹75,000 | ₹86.42 L | ₹1.15 Cr |
| ₹2,00,000/mo | ₹1,00,000 | ₹1.15 Cr | ₹1.54 Cr |
| ₹3,00,000/mo | ₹1,50,000 | ₹1.73 Cr | ₹2.30 Cr |
| ₹5,00,000/mo | ₹2,50,000 | ₹2.88 Cr | ₹3.84 Cr |
RBI loan-to-value limits
The most a bank can lend against the property's value.
| Loan amount | Max LTV | Minimum down payment |
|---|---|---|
| Up to ₹30 lakh | 90% | 10% |
| ₹30 - 75 lakh | 80% | 20% |
| Above ₹75 lakh | 75% | 25% |
How it is calculated
Maximum EMI
Max EMI = Net income x FOIR - Existing EMIsThe part of your income a bank lets go to the new loan.
Maximum loan
Max loan = Max EMI x ((1+r)^n - 1) / (r x (1+r)^n)r = annual rate / 12 / 100, n = tenure in months.
Property budget
Property budget = Max loan / LTVLTV is 90%, 80% or 75% depending on the loan size.
How to use this calculator
- Enter your net monthly income.Add your co-applicant's if you are applying jointly.
- Add existing EMIs for car, personal or education loans.
- Set the rate and tenure you expect. A longer tenure raises eligibility.
- Adjust FOIR if your bank has told you its limit. Start at 50%.
Questions buyers ask
How much home loan can I get on a ₹1 lakh salary?
With a net income of ₹1 lakh a month, no other EMIs, a 50% EMI-to-income limit, 8.5% interest and a 20-year tenure, you can take an EMI of about ₹50,000 and borrow roughly ₹57.62 L. Existing EMIs reduce this one-for-one.
How much home loan can I get on a ₹50,000 salary?
At ₹50,000 net a month with no other EMIs, 50% FOIR, 8.5% and 20 years, the eligible EMI is about ₹25,000 and the loan about ₹28.81 L. Adding a co-applicant's income raises this.
What is FOIR and what limit do banks use?
FOIR, the fixed obligation to income ratio, is the share of your net monthly income that all EMIs together may take. Many lenders allow 40-50% for lower incomes and up to 60-65% for higher earners with a strong credit score.
How can I increase my home loan eligibility?
Add an earning co-applicant such as your spouse, close small loans before applying, choose a longer tenure, and keep your CIBIL score above 750. Each of these raises the loan a bank will offer.
Does the down payment include stamp duty?
No. Banks do not fund stamp duty and registration. In Uttar Pradesh, budget about 8% of the property value on top of your down payment, plus a processing fee of 0.25-1% of the loan.
Does my age affect home loan eligibility?
Yes. Most banks want the loan repaid by about 60 for salaried and 65-70 for self-employed borrowers. That caps your tenure, which in turn caps the loan amount.
Results are indicative. Actual sanction depends on the lender's credit assessment, CIBIL score, employer category and property valuation.