Quick answer
Banks cap your total EMIs at a share of net income, called FOIR, usually 50–60%. With a ₹1 lakh monthly take-home, no other loans, 50% FOIR and 8.5% for 20 years, you can get about ₹57,61,542. The maximum EMI is ₹50,000.
Key takeaways
- Existing EMIs directly reduce eligibility. Clear small loans before applying.
- Adding a co-applicant's income can raise eligibility sharply.
- RBI caps loan-to-value at 90% (loans up to ₹30 lakh), 80% (₹30–75 lakh) and 75% (above ₹75 lakh).
How eligibility is calculated
Max EMI = Income × FOIR − Existing EMIs; Loan = EMI × [(1 + r)n − 1] ÷ [r × (1 + r)n]Frequently asked questions
How much home loan can I get on a ₹50,000 salary?
With no other EMIs, 50% FOIR and 8.5% for 20 years, about ₹28,80,771. For 30 years it rises to about ₹32,51,341.
Does credit score affect eligibility?
Yes. A score of 750 or more gets better rates and higher FOIR limits. Below 650, many lenders reject the application or charge much higher rates.
Sources & methodology
Formulas follow the standard methods used by Indian banks, fund houses and government schemes. Rates and tax rules were checked against official sources on 1 October 2026. Read our methodology.
This calculator gives an estimate for planning purposes. Actual returns, tax and eligibility depend on your situation and on product terms. It is not financial advice.