How much home loan can I get on my salary in India?

Banks in India typically approve home loans where total EMI (including the new loan) does not exceed 40–50% of net monthly income (FOIR). Rule of thumb: You can get approximately 60× your net monthly salary as a home loan. Examples: ₹30,000/month salary → eligible for ₹18–20 lakh loan. ₹50,000/month → ₹28–35 lakh. ₹1,00,000/month → ₹55–65 lakh. These amounts vary based on tenure, interest rate, and existing EMIs.

What is FOIR and how does it affect home loan eligibility?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that goes toward existing and new loan EMIs. Most banks set FOIR limit at 40–50% for salaried borrowers and 50–60% for self-employed. Formula: FOIR = (Existing EMIs + New Home Loan EMI) / Net Monthly Income × 100. If your FOIR exceeds the bank's limit, you need a co-applicant, longer tenure, or higher income to be eligible.

What credit score is needed for a home loan in India?

Credit score requirements for home loans in India: 750+ = Excellent — best interest rates, easy approval. 700–749 = Good — approved at standard rates. 650–699 = Fair — approved but at higher rates, may need larger down payment. 600–649 = Poor — difficult approval, very high rates. Below 600 = Very difficult — typically rejected. Most banks prefer 750+ for best terms. CIBIL score is the most commonly used credit score in India.

What is the maximum tenure for a home loan in India?

Maximum home loan tenure in India is 30 years for most banks (SBI, HDFC, ICICI, Axis). The actual tenure approved depends on your age — loan must be repaid before retirement age (typically 60 for salaried, 65 for self-employed). A 30-year-old can get maximum 30-year tenure. A 45-year-old can get maximum 15-year tenure. Longer tenure means lower EMI but higher total interest paid.

What is the minimum salary for a home loan in India?

Minimum salary for home loans: SBI — ₹25,000/month net income. HDFC — ₹30,000/month. ICICI — ₹25,000/month. Axis Bank — ₹25,000/month. LIC Housing Finance — ₹20,000/month. These are approximate figures for metro cities — minimums may be lower in non-metro cities. Self-employed individuals need ITR showing minimum income as per bank norms.

Does a co-applicant increase home loan eligibility?

Yes — adding a co-applicant (spouse, parent, sibling) increases home loan eligibility significantly. Both incomes are combined to calculate FOIR. Example: If you earn ₹60,000/month and your spouse earns ₹40,000/month, the combined ₹1,00,000/month income is used — nearly doubling your eligible loan amount. Co-applicant must be a close family member. Joint home loans also offer additional tax benefits under Section 80C and 24b.

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Home Loan Eligibility Calculator India 2026 — Check Maximum Loan on Salary

Find out the maximum home loan you can get based on your salary, existing EMIs, tenure, and credit score. Compare eligibility across SBI, HDFC, ICICI, and Axis Bank.

Home loan eligibility rule of thumb: Banks approve loans where total EMIs ≤ 40–50% of net monthly income (FOIR). You can typically get approximately 60× your monthly net salary as a home loan. Example: ₹50,000/month salary → eligible for approx ₹28–35 lakh home loan at 8.5% for 20 years.

Your Eligibility Details

Net Monthly Income (Take-Home) ₹50,000

₹15K₹5 L

Co-applicant Monthly Income ₹0

₹0₹3 L

Existing EMIs per Month ₹0

₹0₹1 L

Loan Parameters

Loan Tenure 20 Years

5 Yrs30 Yrs

Interest Rate 8.5%

7%14%

FOIR Limit (Bank's Max) 50%

30%65%

Credit Score

Maximum Eligible Home Loan

₹0

Based on your income and FOIR

Monthly EMI: ₹0

Your FOIR (Fixed Obligation to Income Ratio) 0%

Enter your income to see FOIR

Combined Income

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Available for EMI

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Max Property Value

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Down Payment Needed

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🏦 Bank-wise Eligibility Comparison

📊 Home Loan Eligibility Table — Salary vs Maximum Loan Amount India 2026

Approximate maximum home loan amount at 8.5% interest for 20-year tenure, with no existing EMIs (FOIR limit 50%):

Monthly Salary (Net)	Max EMI Available	Max Loan (20 Yrs)	Max Loan (30 Yrs)	Min Down Payment (20%)
₹25,000	₹12,500	₹12.9 L	₹16.3 L	₹3.2–4.1 L
₹40,000	₹20,000	₹20.6 L	₹26.1 L	₹5.2–6.5 L
₹60,000	₹30,000	₹30.9 L	₹39.1 L	₹7.7–9.8 L
₹1,00,000	₹50,000	₹51.5 L	₹65.2 L	₹12.9–16.3 L
₹1,50,000	₹75,000	₹77.3 L	₹97.8 L	₹19.3–24.5 L
₹2,00,000	₹1,00,000	₹1.03 Cr	₹1.30 Cr	₹25.7–32.6 L

* Approximate values at 8.5% p.a. for 20 and 30 year tenure with no existing EMIs. Actual eligibility varies by bank, credit score, and applicant profile.

🎯 Credit Score Impact on Home Loan Eligibility

Your CIBIL score is one of the most important factors banks check before approving a home loan. Here's how each range affects your eligibility:

750–900

Excellent

Best interest rates, instant approval, maximum loan amount, all banks approve.

700–749

Good

Standard rates, good approval chances, most banks approve with normal processing.

650–699

Fair

Higher interest rates (+0.25–0.5%), lower loan amount, may need co-applicant or larger down payment.

Below 650

Poor

Very difficult approval, very high rates, most banks reject. Improve score before applying.

📖 How to Use This Home Loan Eligibility Calculator

Enter Monthly IncomeEnter your net take-home salary after all tax and PF deductions. If applying jointly, also enter your co-applicant's monthly income — combined income significantly increases eligibility.
Add Existing EMIsEnter your total monthly EMI obligations — car loan, personal loan, credit card minimum payments, etc. Higher existing EMIs reduce your home loan eligibility.
Set Loan ParametersAdjust tenure (longer = higher eligibility), interest rate (check current bank rates), and FOIR limit (most banks use 40–50%). Select your credit score range.
Read Your EligibilitySee maximum eligible loan, monthly EMI, FOIR meter, max property value (loan + 20% down payment), and a bank-wise comparison showing eligibility at SBI, HDFC, ICICI, and Axis.

✅ Why Use This Calculator

🏦

4-Bank Comparison

See eligibility side-by-side at SBI, HDFC, ICICI, and Axis simultaneously.

📊

Live FOIR Meter

Visual FOIR gauge shows exactly how much of your income is committed to EMIs.

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Co-applicant Support

Add co-applicant income to see the combined eligibility boost.

🎯

Credit Score Impact

See how your CIBIL score affects the rate and eligibility instantly.

🏘️

Property Value

Shows max property you can afford including 20% down payment requirement.

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100% Private

No data stored or shared. Runs entirely in your browser.

❓ Home Loan Eligibility — Frequently Asked Questions

How much home loan can I get on my salary?

Banks approve home loans where total monthly EMIs (existing + new) stay within 40–50% of net monthly income (FOIR). Rule of thumb: maximum home loan ≈ 60× net monthly salary. Examples at 8.5% for 20 years: ₹30,000/month salary → ₹18.5L. ₹50,000/month → ₹30.9L. ₹1 lakh/month → ₹61.8L. Adding a co-applicant nearly doubles the eligible amount.

What is FOIR and why does it matter for home loans?

FOIR (Fixed Obligation to Income Ratio) = Total monthly EMIs / Net monthly income × 100. Banks limit FOIR to 40–50% for salaried borrowers. If FOIR exceeds the limit, the loan is rejected or reduced. To improve FOIR: close existing loans before applying, add a co-applicant to increase income, or choose a longer tenure to reduce the new EMI amount.

What credit score is needed for a home loan?

For the best home loan terms, you need a CIBIL score of 750 or above. 700–749 gets standard approval. 650–699 gets approval but at higher rates. Below 650 is mostly rejected. To improve your score: pay all EMIs on time, reduce credit card utilisation below 30%, avoid multiple loan applications in a short period, and maintain old credit accounts.

What is the maximum home loan tenure in India?

Maximum home loan tenure in India is 30 years at most major banks. The actual tenure you get depends on your age — the loan must be repaid before you turn 60 (salaried) or 65 (self-employed). A 35-year-old can get 25-year tenure. A 50-year-old can get only 10-year tenure. Longer tenure lowers EMI but significantly increases total interest paid.

How to increase home loan eligibility?

Ways to increase home loan eligibility: (1) Add a co-applicant — combined income is used. (2) Close existing loans to reduce FOIR. (3) Improve CIBIL score to 750+ for better terms. (4) Choose a longer tenure to show lower required EMI. (5) Show all income sources — variable pay, rental income, bonuses. (6) Increase down payment — a larger down payment means a smaller loan needed. (7) Apply for a joint loan with a spouse for additional 80C and 24b tax benefits.

What documents are needed for a home loan?

Documents needed for home loan application in India: Identity proof (Aadhaar, PAN), address proof, last 3 months salary slips, 6 months bank statements, Form 16 or ITR for last 2 years, employment certificate, property documents (sale agreement, approved plan), NOC from builder/seller. Self-employed: 3 years ITR, balance sheet, P&L statement, business registration proof.

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