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How Much Home Loan Can I Get?
Banks usually let all your EMIs together reach about half of your take-home pay. At 8.5% over 20 years, every ₹10,000 of monthly salary supports about ₹5,76,154 of home loan. Enter your numbers below, or find your salary in the table.
Home loan by salary
At 8.5% for 20 years, no other EMIs, EMIs capped at 50% of take-home pay.
| Monthly salary | Maximum EMI | Eligible loan | Home you could buy |
|---|---|---|---|
| ₹15,000 | ₹7,500 | ₹8,64,231 | ₹9,60,257 |
| ₹20,000 | ₹10,000 | ₹11,52,308 | ₹12,80,343 |
| ₹25,000 | ₹12,500 | ₹14,40,385 | ₹16,00,428 |
| ₹30,000 | ₹15,000 | ₹17,28,463 | ₹19,20,514 |
| ₹35,000 | ₹17,500 | ₹20,16,540 | ₹22,40,600 |
| ₹40,000 | ₹20,000 | ₹23,04,617 | ₹25,60,685 |
| ₹50,000 | ₹25,000 | ₹28,80,771 | ₹32,00,857 |
| ₹60,000 | ₹30,000 | ₹34,56,925 | ₹43,21,156 |
| ₹75,000 | ₹37,500 | ₹43,21,156 | ₹54,01,446 |
| ₹1 lakh | ₹50,000 | ₹57,61,542 | ₹72,01,927 |
| ₹1.5 lakh | ₹75,000 | ₹86,42,313 | ₹1,15,23,084 |
| ₹2 lakh | ₹1,00,000 | ₹1,15,23,084 | ₹1,53,64,112 |
What decides how much you can borrow
- Take-home pay. The bigger your net monthly income, the bigger the EMI a bank will allow.
- EMIs you already pay. Car, personal loan and credit card EMIs come out of the same limit.
- Tenure and age. A longer tenure lowers the EMI, so you can borrow more, but banks cap it by your age at the end of the loan.
- Interest rate and credit score. A lower rate means more loan for the same EMI. See home loan rates at 12 banks.
- Property value. Banks lend up to 90% of the property value for loans up to ₹30 lakh, 80% up to ₹75 lakh, and 75% above that.
How to get a bigger home loan
- Add a co-applicant, such as a spouse or parent, to combine incomes.
- Choose a longer tenure, then prepay when you can. See the prepayment calculator.
- Close small loans and credit card balances before you apply.
- Keep your credit score above 750 to qualify for the lowest rates.
Home loan calculators
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Frequently asked questions
How much home loan can I get?
Banks usually let all your EMIs together reach about 40% to 60% of your take-home pay. At 50%, 8.5% and 20 years, every ₹10,000 of monthly salary supports about ₹5,76,154 of home loan.
How much home loan can I get on ₹50,000 salary?
About ₹28,80,771 at 8.5% over 20 years, if you have no other EMIs.
Does age affect how much I can borrow?
Yes. Banks usually want the loan repaid by about 60 to 75 years of age, so older borrowers get shorter tenures and smaller loans for the same income.
Does my credit score matter?
A score of 750 or more usually gets a lower rate, and a lower rate supports a bigger loan for the same EMI. Some banks offer their best rate only above 800.