Home Loan Eligibility Calculator
Check how much home loan you can get on your salary in India. Enter income, existing EMIs, rate and tenure to see your eligible loan amount and maximum EMI.
Lenders do not decide your loan from the property price. They start from your income, subtract what you already owe each month, and allow a fixed share of what is left to go towards a new EMI. That share — the FOIR — is usually 40% to 55%, higher for larger salaries and stable employers.
This calculator works backwards from that allowed EMI to the loan amount it can service. It is the same arithmetic a credit officer runs, so the answer is usually close to a real sanction — before you apply and put a hard enquiry on your credit report.
How lenders work it out
Two limits apply at the same time, and the lower one wins:
- Income limit (FOIR). Allowed EMI = (net monthly income × FOIR) − existing EMIs. That EMI is then converted into a loan amount using the reducing-balance formula in reverse.
- Property limit (LTV). The RBI caps the loan at 90% of value for property up to ₹30 lakh, 80% up to ₹75 lakh, and 75% above ₹75 lakh. The rest is your down payment, and stamp duty and registration are not included in the loan.
A worked example
On ₹1,20,000 net income with a ₹10,000 car EMI and a 50% FOIR, the allowed EMI is (1,20,000 × 0.50) − 10,000 = ₹50,000. At 8.5% over 20 years that supports a loan of roughly ₹57.6 lakh, which at 80% LTV points to a property budget near ₹72 lakh — plus about ₹5 lakh of stamp duty and registration you must fund yourself.
What raises your eligibility
- Add a co-applicant. A working spouse's income is added to yours. A woman co-owner also gets a stamp duty concession in several states.
- Clear small loans first. Closing a ₹8,000 personal-loan EMI can release close to ₹9 lakh of home-loan eligibility.
- Extend the tenure. Cheap eligibility, expensive interest — see the EMI calculator for the trade-off.
- Fix your credit score. Below roughly 750 you face a higher rate, and a higher rate directly reduces the loan your EMI can service.
How much home loan you get on your salary
What a lender will typically sanction over 20 years at 8.5%, assuming half your net monthly income can go to the EMI and you carry no other loan. An existing car loan or card balance comes out of the same half and reduces every figure below.
| Net monthly income | EMI they allow | Loan sanctioned | Property you can buy |
|---|---|---|---|
| ₹25,000 | ₹12,500 | ₹14.4 L | ₹18 L |
| ₹30,000 | ₹15,000 | ₹17.28 L | ₹21.61 L |
| ₹40,000 | ₹20,000 | ₹23.05 L | ₹28.81 L |
| ₹50,000 | ₹25,000 | ₹28.81 L | ₹36.01 L |
| ₹60,000 | ₹30,000 | ₹34.57 L | ₹43.21 L |
| ₹75,000 | ₹37,500 | ₹43.21 L | ₹54.01 L |
| ₹1,00,000 | ₹50,000 | ₹57.62 L | ₹72.02 L |
| ₹1,25,000 | ₹62,500 | ₹72.02 L | ₹90.02 L |
| ₹1,50,000 | ₹75,000 | ₹86.42 L | ₹1.08 Cr |
| ₹2,00,000 | ₹1,00,000 | ₹1.15 Cr | ₹1.44 Cr |
| ₹2,50,000 | ₹1,25,000 | ₹1.44 Cr | ₹1.8 Cr |
| ₹3,00,000 | ₹1,50,000 | ₹1.73 Cr | ₹2.16 Cr |
The property column assumes a loan of 80% of value, so the rest is your down payment plus stamp duty and registration. Lenders differ: some allow 55–60% FOIR at higher incomes, most allow less below ₹30,000.
Turn a calculation into an enquiry
Buyers who run these numbers are ready to talk. Give every listing its own page with your photo, phone and WhatsApp on it — leads land straight on your phone.
Create your free property pageFrequently asked questions
How much home loan can I get on a ₹50,000 salary?
At a 50% FOIR with no other EMIs, the allowed EMI is ₹25,000. At 8.5% over 20 years that is roughly ₹29 lakh of loan, supporting a property of about ₹36 lakh at 80% LTV. Existing EMIs reduce this directly.
Is eligibility based on gross or net salary?
Net take-home, after PF, professional tax and TDS. Lenders may add a consistent annual bonus at a discounted rate, and most count only 50–70% of variable pay.
Do lenders include my rent as an obligation?
Usually not, because the assumption is you stop paying rent once you occupy the property. Some lenders do count it if you are buying to let out and will keep renting yourself.
Can I include my spouse’s income?
Yes, as a co-applicant — their income is added and their liabilities subtracted. They normally have to be a co-owner of the property, and both credit scores are checked.
Does this include stamp duty and registration?
No, and neither does the loan. Budget 5–8% of the property value on top of your down payment, depending on your state.
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