Before house hunting, know how much home loan you qualify for. Banks check income, existing EMIs, credit score, age and property value — not just salary.
Key factors
- Net monthly income — salary after tax
- FOIR — fixed obligations to income ratio (typically EMI below 40–50% of income)
- Property value — LTV limit (often 75–90% of property cost)
- Age — affects max tenure
Example
Income ₹80,000/month, no other loans — bank may allow EMI around ₹32,000–40,000. At 8.5% for 20 years, that supports roughly ₹35–45 lakh loan (illustrative only).
Next steps
Use Home Loan Eligibility Calculator, then Loan EMI Calculator for exact EMI. Budget stamp duty with Stamp Duty Calculator.
Disclaimer: Each bank has different policies. Pre-approval recommended.