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Home Loan for ₹1 lakh Salary
With a ₹1 lakh net monthly salary and no other EMIs, you can typically get a home loan of about ₹57,61,542 at 8.5% over 20 years, with an EMI of up to ₹50,000 a month.
Eligible loan at each bank
EMI up to ₹50,000 over 20 years, at each bank's advertised starting rate (a best case).
| Bank | Starting rate | Eligible loan |
|---|---|---|
 Bank of MaharashtraHighest amount | 7.25% | ₹63,26,103 |
 Indian Bank | 7.35% | ₹62,77,888 |
 Canara Bank | 7.40% | ₹62,53,990 |
 Punjab National Bank | 7.45% | ₹62,30,230 |
 Central Bank of India | 7.45% | ₹62,30,230 |
 State Bank of India | 7.50% | ₹62,06,607 |
 Federal Bank | 7.50% | ₹62,06,607 |
 Kotak Mahindra Bank | 7.60% | ₹61,59,768 |
 IDFC FIRST Bank | 7.75% | ₹60,90,516 |
 Axis Bank | 8.00% | ₹59,77,715 |
 ICICI Bank | 8.50% | ₹57,61,542 |
 HDFC Bank | 8.50% | ₹57,61,542 |
Check your own numbers
How tenure changes your loan
| Tenure | Eligible loan at 8.5% | EMI |
|---|---|---|
| 15 years | ₹50,77,485 | ₹50,000 |
| 20 years | ₹57,61,542 | ₹50,000 |
| 25 years | ₹62,09,428 | ₹50,000 |
| 30 years | ₹65,02,682 | ₹50,000 |
If you already pay EMIs
| Existing EMIs | EMI left for a home loan | Eligible loan |
|---|---|---|
| None | ₹50,000 | ₹57,61,542 |
| ₹2,000 a month | ₹48,000 | ₹55,31,080 |
| ₹5,000 a month | ₹45,000 | ₹51,85,388 |
| ₹10,000 a month | ₹40,000 | ₹46,09,234 |
| ₹20,000 a month | ₹30,000 | ₹34,56,925 |
Frequently asked questions
How much home loan can I get on a ₹1 lakh salary?
With a ₹1 lakh net monthly salary and no other EMIs, banks typically allow an EMI of up to about ₹50,000. At 8.5% over 20 years that supports a home loan of about ₹57,61,542.
What price of home can I buy on a ₹1 lakh salary?
About ₹72,01,927. Banks lend up to 80% of the property value at this loan size, so you would pay about ₹14,40,385 yourself, plus stamp duty and registration.
Which bank gives the highest home loan on a ₹1 lakh salary?
At advertised starting rates, Bank of Maharashtra supports the most, about ₹63,26,103, because a lower rate means more loan for the same EMI. Your actual rate depends on your credit score.
How can I get a bigger loan on a ₹1 lakh salary?
Choose a longer tenure (30 years supports about ₹65,02,682), add a co-applicant (with a partner earning the same, about ₹1,15,23,084), close small loans first, and keep your credit score above 750.
Home loan on other salaries
₹15,000 salary₹20,000 salary₹25,000 salary₹30,000 salary₹35,000 salary₹40,000 salary₹50,000 salary₹60,000 salary₹75,000 salary₹1.5 lakh salary₹2 lakh salary