How much home loan can you get on your salary? Enter your take-home pay and existing EMIs to find out.
Same EMI, different tenures. Longer tenures raise eligibility but cost more interest.
| Tenure | Max Loan | EMI | Total Interest |
|---|
Banks and housing finance companies mainly ask one question: how big an EMI can you comfortably pay? They allow a fixed share of your take-home income for all EMIs together. This share is called FOIR (Fixed Obligation to Income Ratio) and is usually between 40% and 60%. From that limit they subtract the EMIs you already pay. Whatever is left is the most your home loan EMI can be.
The calculator then finds the largest loan that EMI can repay at your interest rate over the tenure: Loan = EMI × (1 − (1 + r)−n) / r, where r is the monthly rate and n the number of months. The tenure is capped so the loan ends by the repayment age you choose.
Take-home pay of ₹1,00,000 a month, no other loans, and a 50% FOIR gives an affordable EMI of ₹50,000. At 8.5% for 20 years, that EMI supports a home loan of about ₹57,61,542. Change the numbers above to see your own eligibility.
Even if your income supports a big loan, the bank can only lend a part of the property value. You pay the rest as down payment, plus stamp duty and registration, which banks don't finance.
| Loan amount | Maximum loan as % of property value |
|---|---|
| Up to ₹30 lakh | 90% |
| Above ₹30 lakh up to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Already know your loan amount? Check the exact EMI and repayment schedule with our EMI Calculator. Paying a home loan also saves tax under the old regime; compare both regimes with the Income Tax Calculator.
This is an estimate for planning. Final eligibility depends on the lender's own rules, your credit score, job, documents and property valuation.