How much home loan can I get on my salary?
By the LoanReveal team · Updated 13 October 2026 · 6 min read
Short answer: banks let your total EMIs take up roughly 40% to 60% of your take-home pay. The home loan you can get is the amount whose EMI fits in what's left after your existing EMIs, at the bank's rate and your tenure.
As a rough guide, with ₹80,000 a month take-home, no other loans, 8.5% interest and a 20-year tenure, you could be eligible for about ₹46.1 lakh, with an EMI of about ₹39,998.
How banks calculate home loan eligibility
- Take-home pay (net monthly salary, or average monthly income from your tax returns if self-employed). A co-applicant's income can be added.
- FOIR (fixed obligation to income ratio): the share of that income your bank allows for all EMIs together, often 40% to 60%. Higher incomes usually get a higher limit.
- Minus existing EMIs: car loan, personal loan, education loan, credit card EMIs.
- Tenure: as long as you ask for, but usually ending by about age 60 for salaried borrowers (often 65 to 70 for self-employed), and at most 30 years.
- The loan is the amount whose EMI, at the bank's rate over that tenure, equals the EMI you can afford.
What changes your eligibility: examples
Starting point: ₹80,000 take-home, age 32, 8.5%, 20 years, FOIR 50%.
| No other loans | ₹46.1 lakh |
| With a ₹12,000 car loan EMI | ₹32.3 lakh |
| Tenure stretched to 28 years (until age 60) | ₹51.2 lakh |
| Adding a co-applicant earning ₹40,000 | ₹69.1 lakh |
| Bank allows only 40% of income (FOIR) | ₹36.9 lakh |
| Rate 9% instead of 8.5% | ₹44.5 lakh |
Two things stand out. Existing EMIs hurt a lot: here, every ₹1,000 of EMI you already pay cuts your eligibility by about ₹1,15,231. And a co-applicant is the biggest single boost.
The property price limit: RBI's loan-to-value rules
Even if your income supports a big loan, RBI caps how much of the property's value a bank can lend:
| Loan amount | Maximum loan-to-value |
|---|---|
| Up to ₹30 lakh | 90% |
| Above ₹30 lakh up to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
For example, on a ₹50 lakh flat the most you can borrow is ₹40.0 lakh, so you need at least ₹10 lakh as down payment, plus stamp duty and registration, which banks usually don't fund.
How to increase your home loan eligibility
- Close small loans first. Prepaying a car or personal loan before applying frees up the EMI room.
- Add a co-applicant, such as an earning spouse or parent.
- Choose a longer tenure if your age allows. You can still prepay later to finish early.
- Keep your credit score healthy: pay every EMI and card bill on time and keep card usage low. A strong score (often 750 or above) usually gets better rates.
- Show all regular income, such as rent received or stable variable pay, with documents.
Check your own eligibility
The home loan eligibility calculator does all of this for your numbers, including your age, co-applicant and the property price. Then see the full cost of that loan with the home loan EMI calculator.
Frequently asked questions
Is eligibility based on gross or net salary?
Most banks use your net (take-home) monthly income for the EMI calculation, though some look at gross income with their own deductions. Using take-home pay gives a safer estimate.
Can I get a home loan of 60 times my salary?
That's a common rule of thumb, but it depends on the rate, tenure and your existing EMIs. At 8.5% over 20 years with no other loans and a 50% FOIR, the loan works out to around 57 to 58 times your monthly take-home pay.
Does a co-applicant have to be a co-owner?
Not always, but if the property has co-owners, banks usually require all of them to be co-applicants. Only a co-owner who also pays the EMIs can claim the home loan tax benefits, which are available under the old tax regime.