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Home Loan for ₹1.5 lakh Salary
With a ₹1.5 lakh net monthly salary and no other EMIs, you can typically get a home loan of about ₹86,42,313 at 8.5% over 20 years, with an EMI of up to ₹75,000 a month.
Eligible loan at each bank
EMI up to ₹75,000 over 20 years, at each bank's advertised starting rate (a best case).
| Bank | Starting rate | Eligible loan |
|---|---|---|
 Bank of MaharashtraHighest amount | 7.25% | ₹94,89,155 |
 Indian Bank | 7.35% | ₹94,16,832 |
 Canara Bank | 7.40% | ₹93,80,985 |
 Punjab National Bank | 7.45% | ₹93,45,344 |
 Central Bank of India | 7.45% | ₹93,45,344 |
 State Bank of India | 7.50% | ₹93,09,910 |
 Federal Bank | 7.50% | ₹93,09,910 |
 Kotak Mahindra Bank | 7.60% | ₹92,39,652 |
 IDFC FIRST Bank | 7.75% | ₹91,35,773 |
 Axis Bank | 8.00% | ₹89,66,572 |
 ICICI Bank | 8.50% | ₹86,42,313 |
 HDFC Bank | 8.50% | ₹86,42,313 |
Check your own numbers
How tenure changes your loan
| Tenure | Eligible loan at 8.5% | EMI |
|---|---|---|
| 15 years | ₹76,16,227 | ₹75,000 |
| 20 years | ₹86,42,313 | ₹75,000 |
| 25 years | ₹93,14,143 | ₹75,000 |
| 30 years | ₹97,54,023 | ₹75,000 |
If you already pay EMIs
| Existing EMIs | EMI left for a home loan | Eligible loan |
|---|---|---|
| None | ₹75,000 | ₹86,42,313 |
| ₹2,000 a month | ₹73,000 | ₹84,11,851 |
| ₹5,000 a month | ₹70,000 | ₹80,66,159 |
| ₹10,000 a month | ₹65,000 | ₹74,90,005 |
| ₹20,000 a month | ₹55,000 | ₹63,37,696 |
Frequently asked questions
How much home loan can I get on a ₹1.5 lakh salary?
With a ₹1.5 lakh net monthly salary and no other EMIs, banks typically allow an EMI of up to about ₹75,000. At 8.5% over 20 years that supports a home loan of about ₹86,42,313.
What price of home can I buy on a ₹1.5 lakh salary?
About ₹1,15,23,084. Banks lend up to 75% of the property value at this loan size, so you would pay about ₹28,80,771 yourself, plus stamp duty and registration.
Which bank gives the highest home loan on a ₹1.5 lakh salary?
At advertised starting rates, Bank of Maharashtra supports the most, about ₹94,89,155, 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 ₹1.5 lakh salary?
Choose a longer tenure (30 years supports about ₹97,54,023), add a co-applicant (with a partner earning the same, about ₹1,72,84,626), 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 lakh salary₹2 lakh salary