How Much Home Loan Can I Get on My Salary?

Last updated: October 2026

Lenders mostly decide how much to lend you from your monthly income and the EMIs you already pay. The key idea is FOIR, the Fixed Obligations to Income Ratio.

How FOIR works

Most lenders want your total EMIs, including the new loan, to stay within about 40-50% of your net monthly income. Take half your income, subtract the EMIs you already pay, and what's left is the EMI the new loan can carry. The loan amount follows from that EMI, the rate and the tenure.

Loan amounts by income

At 8.5% for 20 years, with no existing EMIs and a 50% FOIR:

• ₹50,000 a month → about ₹28.8 lakh
• ₹75,000 a month → about ₹43.2 lakh
• ₹1,00,000 a month → about ₹57.6 lakh
• ₹1,50,000 a month → about ₹86.4 lakh

What changes the amount

• Existing EMIs: earning ₹75,000 with a ₹10,000 car EMI drops eligibility from about ₹43.2 lakh to about ₹31.7 lakh.
• Tenure: on ₹50,000 income, stretching to 30 years raises eligibility to about ₹32.5 lakh, but you pay far more interest overall.
• Co-applicant: adding an earning spouse's income can raise the amount significantly.
• Credit score, age and employer: these also affect the rate and how much a lender will approve.

Remember that lenders typically finance up to about 75-90% of the property value, so you'll also need savings for the down payment, stamp duty and registration.