Home Loan Eligibility

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₹80,000
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FOIR used
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Eligibility snapshot

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How banks compute eligibility

  • FOIR: Fixed Obligations to Income Ratio — most banks cap total EMIs at 50-55% of net income. Lower obligations → higher eligibility.
  • Eligible EMI = (50% × income) − existing EMIs. Co-applicant income lifts the pool.
  • Loan amount = EMI × [{(1+r)ⁿ − 1} / {r × (1+r)ⁿ}], reversed from the EMI formula.
  • Banks also factor credit score (CIBIL > 750 preferred), age (≤ retirement at end of tenure) and property value (LTV 80-90%).

Home loan eligibility by salary (2026 indicative table)

Assuming 50% FOIR, no existing EMIs, age under 40, 8.5% interest and a 20-year tenure — the standard benchmark case banks quote:

Monthly net salaryMax EMI (50%)Eligible loan
₹30,000₹15,000≈ ₹17.3 lakh
₹50,000₹25,000≈ ₹28.8 lakh
₹75,000₹37,500≈ ₹43.2 lakh
₹1,00,000₹50,000≈ ₹57.6 lakh
₹1,50,000₹75,000≈ ₹86.4 lakh

So a common question — 'how much home loan can I get on a ₹50,000 salary?' — answers to roughly ₹28–29 lakh on a 20-year tenure, or about ₹25 lakh if you already carry a ₹5,000 EMI. A 30-year tenure stretches the same EMI to about ₹33 lakh. Run your exact income, obligations and tenure in the calculator above.

How this calculator works

Eligible EMI = (FOIR% × net income) − existing EMIs; eligible loan reverses the standard EMI annuity formula at your rate and tenure, then applies LTV and age caps. Results are pre-qualification estimates — each bank applies its own FOIR (typically 45–55%) and policy overlays. All maths runs in your browser. Content reviewed and updated for 2026. Related: EMI Calculator · How to reduce your home loan EMI

LTV tip: specified property value also caps the loan at 75-90% (LTV). If income supports more than the LTV amount, the bank funds the lower of the two.

Frequently asked questions

How much home loan can I get on a ₹50,000 salary?

With 50% FOIR, no existing EMIs, at 8.5% over 20 years: about ₹28–29 lakh. A ₹5,000 existing EMI reduces that to roughly ₹25 lakh, and a 30-year tenure stretches it to about ₹33 lakh. Use the calculator above with your exact figures.

What is FOIR and why does it matter?

Fixed Obligations to Income Ratio is the share of your monthly income that goes to fixed EMIs. Banks keep it under ~50% — any future EMI must fit inside the remaining headroom.

How do banks calculate home loan eligibility from salary?

Banks cap total EMIs at 45–55% of net monthly income (FOIR). Eligible EMI = (50% × income) − existing EMIs; the loan amount is then the present value of that EMI at your rate and tenure, subject to LTV (75–90% of property value) and age limits.

Can a co-applicant raise my loan amount?

Yes — spouse, parent or sibling earning income boosts the income pool and the allowed EMI, lifting the eligible loan amount by 50-100% depending on relative income.

Does my CIBIL score affect eligibility?

A score above 750 is normally required; below 700 may reduce eligible amount or raise the rate by 0.1-0.5%. Settle pending EMIs and keep credit utilization under 30% to improve eligibility before applying.

Why is my loan lesser than what this tool shows?

Banks apply LTV caps (75-90% of property value), age limits and their own FOIR thresholds (40-55%). This calculator is a pre-qualification estimate; final sanction can differ.

Does overtime, bonus or rental count as income?

Stable rental and bonus averaging are accepted by most banks. Pure overtime/commission income is often discounted by 20-30% as non-recurring. Disclose honest figures; banks verify via bank statements.