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Home Loan for ₹20,000 Salary

Updated 1 November 2026Rates from official bank websitesHow we check rates

With a ₹20,000 net monthly salary and no other EMIs, you can typically get a home loan of about ₹11,52,308 at 8.5% over 20 years, with an EMI of up to ₹10,000 a month.

Eligible loan₹11.52 lakhat 8.5%, 20 years

Maximum EMI₹10,000half of take-home pay

Home you could buy₹12.8 lakhwith ₹1.28 lakh down payment

With a co-applicant₹23.05 lakhif they earn the same

Eligible loan at each bank

EMI up to ₹10,000 over 20 years, at each bank's advertised starting rate (a best case).

Bank	Starting rate	Eligible loan
Bank of MaharashtraHighest amount	7.25%	₹12,65,221
Indian Bank	7.35%	₹12,55,578
Canara Bank	7.40%	₹12,50,798
Punjab National Bank	7.45%	₹12,46,046
Central Bank of India	7.45%	₹12,46,046
State Bank of India	7.50%	₹12,41,321
Federal Bank	7.50%	₹12,41,321
Kotak Mahindra Bank	7.60%	₹12,31,954
IDFC FIRST Bank	7.75%	₹12,18,103
Axis Bank	8.00%	₹11,95,543
ICICI Bank	8.50%	₹11,52,308
HDFC Bank	8.50%	₹11,52,308

Check your own numbers

Net monthly income (₹)

Existing EMIs per month (₹)

Interest rate (% p.a.)

Tenure (years)

EMI limit (% of income)

How tenure changes your loan

Tenure	Eligible loan at 8.5%	EMI
15 years	₹10,15,497	₹10,000
20 years	₹11,52,308	₹10,000
25 years	₹12,41,886	₹10,000
30 years	₹13,00,536	₹10,000

If you already pay EMIs

Existing EMIs	EMI left for a home loan	Eligible loan
None	₹10,000	₹11,52,308
₹2,000 a month	₹8,000	₹9,21,847
₹5,000 a month	₹5,000	₹5,76,154

Frequently asked questions

How much home loan can I get on a ₹20,000 salary?

With a ₹20,000 net monthly salary and no other EMIs, banks typically allow an EMI of up to about ₹10,000. At 8.5% over 20 years that supports a home loan of about ₹11,52,308.

What price of home can I buy on a ₹20,000 salary?

About ₹12,80,343. Banks lend up to 90% of the property value at this loan size, so you would pay about ₹1,28,034 yourself, plus stamp duty and registration.

Which bank gives the highest home loan on a ₹20,000 salary?

At advertised starting rates, Bank of Maharashtra supports the most, about ₹12,65,221, 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 ₹20,000 salary?

Choose a longer tenure (30 years supports about ₹13,00,536), add a co-applicant (with a partner earning the same, about ₹23,04,617), close small loans first, and keep your credit score above 750.

Home loan on other salaries

₹15,000 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 ₹1.5 lakh salary ₹2 lakh salary

How we checked these rates

Bank of Maharashtra: bank's official page, checked 1 November 2026. Based on credit score, loan amount and profession. The bank's blog mentions 7.10%; we use the rate shown on its home loan page.
Indian Bank: bank's official page, checked 1 November 2026. IB Home Loan floating rate range 7.35% to 8.80%.
Canara Bank: bank's official page, checked 1 November 2026. Effective from 9 October 2026. Floor rate: women borrowers in the best credit grade, loans above ₹1 crore. Fee, prepayment and tenure from the bank's housing loan page.
Punjab National Bank: bank's official page, checked 1 November 2026. Effective from 1 October 2026. CIBIL score 800+ and loan-to-value up to 80%; festive campaign rate valid 01.10.2026 to 31.12.2026. Fixed-rate option from 8.45% (tenure up to 10 years).
Central Bank of India: bank's official page, checked 1 November 2026. Cent Home, 7.45% to 9.00% based on credit score; Cent Grih Lakshmi (women borrowers) from 7.25%.
State Bank of India: bank's official page, checked 1 November 2026. Effective from 15 October 2026. Rate taken from the bank's published rate chart (ROI 7.50% p.a. onwards, with effect from 15.10.2026).
Federal Bank: bank's official page, checked 1 November 2026. Term loans above ₹35 lakh (7.50% to 9.25%); 1% higher for smaller loans.
Kotak Mahindra Bank: bank's official page, checked 1 November 2026.
IDFC FIRST Bank: bank's official page, checked 1 November 2026.
Axis Bank: bank's official page, checked 1 November 2026. 8.00% to 8.85% for a CIBIL score of 751 and above; 8.20% to 9.10% for 750 or below. Taken from the bank's rate table. An FAQ on the same page says rates start 'as low as 8.75%'.
ICICI Bank: bank's official page, checked 1 November 2026.
HDFC Bank: bank's official page, checked 1 November 2026. For a credit score of 800 and above.

We only publish rates we can trace to the bank's own website, and an automated check re-reads them every week. Always confirm with the bank before you apply. Read our method.