Finance question
How much home loan can I get based on my salary?
Last updated 2026-09-17
Quick answer
A common planning rule is that total EMIs stay near 40–50% of net monthly salary (FOIR). At 8.5% for 20 years with no other EMI, ₹1 lakh take-home supports a max EMI of about ₹50,000 and a loan near ₹58 lakh in that model. Your bank will still check credit score, employer, property and existing debt — this is not a sanction letter.
Calculate your numbers
Tables below use stated assumptions. Change rate, tenure or income in the calculator for your case.
Open Loan eligibilityWhat lenders actually look at
Most Indian housing-finance companies start from net salary (after PF and tax), add a FOIR cap, subtract EMIs you already pay, then back out a principal. Credit score, job stability, co-applicant income and the property’s valuation can shrink or raise that number. Processing fees and stamp duty are extra cash, not extra loan.
Worked example
Take-home ₹1,00,000, no other EMI, FOIR 50%, 8.5% for 20 years: max EMI is ₹50,000. The eligibility calculator converts that EMI into a principal. Change the rate or tenure and the loan amount moves even if salary does not.
Formula
Max EMI ≈ net monthly income × FOIR − existing EMIs. Eligible principal is the reducing-balance loan whose EMI equals that max EMI at the assumed rate and tenure.
Example scenarios
Illustrative eligibility at 8.5%, 20 years, 50% FOIR, no existing EMI
| Net monthly salary | Max EMI (50% FOIR) | Approx. loan |
|---|---|---|
| ₹30,000 | ₹15,000 | ₹17,28,463 |
| ₹40,000 | ₹20,000 | ₹23,04,617 |
| ₹50,000 | ₹25,000 | ₹28,80,771 |
| ₹60,000 | ₹30,000 | ₹34,56,925 |
| ₹75,000 | ₹37,500 | ₹43,21,156 |
| ₹1,00,000 | ₹50,000 | ₹57,61,542 |
| ₹1,50,000 | ₹75,000 | ₹86,42,313 |
| ₹2,00,000 | ₹1,00,000 | ₹1,15,23,084 |
Assumed rate 8.5% and 20-year tenure. Lenders use their own FOIR, rate and credit policy.
What changes the answer
- Net salary vs CTC — banks use in-hand, not the full package.
- Existing EMIs, credit-card dues and gold loans reduce FOIR room.
- Interest rate and tenure — a lower rate or longer tenure raises eligible principal for the same EMI.
- Credit score, employer category and LTV on the property.
Things to consider
- A larger sanctioned amount is not automatically better if the EMI strains monthly cash flow.
- Confirm whether the quote is on floating rate and whether prepayment is allowed without penalty.
- FOIR 50%, 8.5% reducing-balance, 20 years, zero other EMIs.
- Not a loan offer. FOIR caps of 40–55% are lender practice, not a statute.
Results are educational estimates, not tax, legal, investment, or medical advice, and not a loan offer. Verify filings and payments with the official authority or a qualified professional.
FAQs
No. It is a credit-policy ratio. Each lender sets its own band.