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Home Loan for ₹2 lakh Salary
With a ₹2 lakh net monthly salary and no other EMIs, you can typically get a home loan of about ₹1,15,23,084 at 8.5% over 20 years, with an EMI of up to ₹1,00,000 a month.
Eligible loan at each bank
EMI up to ₹1,00,000 over 20 years, at each bank's advertised starting rate (a best case).
| Bank | Starting rate | Eligible loan |
|---|---|---|
 Bank of MaharashtraHighest amount | 7.25% | ₹1,26,52,206 |
 Indian Bank | 7.35% | ₹1,25,55,777 |
 Canara Bank | 7.40% | ₹1,25,07,980 |
 Punjab National Bank | 7.45% | ₹1,24,60,459 |
 Central Bank of India | 7.45% | ₹1,24,60,459 |
 State Bank of India | 7.50% | ₹1,24,13,213 |
 Federal Bank | 7.50% | ₹1,24,13,213 |
 Kotak Mahindra Bank | 7.60% | ₹1,23,19,536 |
 IDFC FIRST Bank | 7.75% | ₹1,21,81,031 |
 Axis Bank | 8.00% | ₹1,19,55,429 |
 ICICI Bank | 8.50% | ₹1,15,23,084 |
 HDFC Bank | 8.50% | ₹1,15,23,084 |
Check your own numbers
How tenure changes your loan
| Tenure | Eligible loan at 8.5% | EMI |
|---|---|---|
| 15 years | ₹1,01,54,969 | ₹1,00,000 |
| 20 years | ₹1,15,23,084 | ₹1,00,000 |
| 25 years | ₹1,24,18,857 | ₹1,00,000 |
| 30 years | ₹1,30,05,364 | ₹1,00,000 |
If you already pay EMIs
| Existing EMIs | EMI left for a home loan | Eligible loan |
|---|---|---|
| None | ₹1,00,000 | ₹1,15,23,084 |
| ₹2,000 a month | ₹98,000 | ₹1,12,92,622 |
| ₹5,000 a month | ₹95,000 | ₹1,09,46,930 |
| ₹10,000 a month | ₹90,000 | ₹1,03,70,776 |
| ₹20,000 a month | ₹80,000 | ₹92,18,467 |
Frequently asked questions
How much home loan can I get on a ₹2 lakh salary?
With a ₹2 lakh net monthly salary and no other EMIs, banks typically allow an EMI of up to about ₹1,00,000. At 8.5% over 20 years that supports a home loan of about ₹1,15,23,084.
What price of home can I buy on a ₹2 lakh salary?
About ₹1,53,64,112. Banks lend up to 75% of the property value at this loan size, so you would pay about ₹38,41,028 yourself, plus stamp duty and registration.
Which bank gives the highest home loan on a ₹2 lakh salary?
At advertised starting rates, Bank of Maharashtra supports the most, about ₹1,26,52,206, 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 ₹2 lakh salary?
Choose a longer tenure (30 years supports about ₹1,30,05,364), add a co-applicant (with a partner earning the same, about ₹2,30,46,168), 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₹1.5 lakh salary