How Much Home Loan Can I Get on My Salary?
Enter your monthly salary to see the maximum home loan you qualify for. Uses the FOIR (Fixed Obligation to Income Ratio) method that Indian banks actually use.
Max Home Loan
₹57.6L
₹57,61,542
Max EMI You Can Afford
₹50,000
per month
EMI-to-Salary Ratio
50%
of net salary
| Monthly Salary | Max EMI | Max Loan |
|---|---|---|
| ₹30,000 | ₹15,000 | ₹17.3L |
| ₹50,000 | ₹25,000 | ₹28.8L |
| ₹75,000 | ₹37,500 | ₹43.2L |
| ₹1,00,000← You | ₹50,000 | ₹57.6L |
| ₹1,50,000 | ₹75,000 | ₹86.4L |
| ₹2,00,000 | ₹1,00,000 | ₹1.2Cr |
How Banks Calculate Loan Amount From Your Salary
Banks in India use the FOIR (Fixed Obligation to Income Ratio) to determine your home loan eligibility. The standard rule: your total EMI burden (including the new home loan) should not exceed 50% of your net monthly income. Some banks like SBI allow up to 55-60% for high-income salaried borrowers.
For example, if your salary is ₹1 lakh per month and you have no existing EMIs, banks will approve a maximum EMI of ₹50,000. At 8.5% for 20 years, that translates to a loan of approximately ₹52-54 lakh.
What Reduces Your Eligibility
Every existing EMI you pay — car loan, personal loan, credit card minimum dues — gets subtracted from your available EMI capacity. A ₹15,000 car loan EMI on a ₹1 lakh salary reduces your home loan eligibility by approximately ₹15-18 lakh. Consider closing small loans before applying.
Tips to Maximize Your Loan Amount
- Add a co-applicant: A working spouse's income gets clubbed, significantly increasing eligibility.
- Clear credit card dues: Even minimum due payments count as existing obligations.
- Choose a longer tenure: 25-30 years reduces the EMI, letting you qualify for more.
- Improve your CIBIL score: Above 750 gets you lower rates, which means higher loan for the same EMI.
Frequently Asked Questions
- How much home loan can I get on 1 lakh salary?
- On a ₹1 lakh monthly salary with no other EMIs, you can typically get ₹52-65 lakh home loan at 8.5% for 20 years. Banks allow EMI up to 50-60% of net income.
- What percentage of salary should go to EMI?
- Financial advisors recommend keeping total EMIs below 40% of net monthly income. Going above 50% puts significant strain on your budget and leaves no room for emergencies.
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