How Much Home Loan Can You Get on Your Salary?
Banks often cap home loan EMI at 40–50% of net monthly income. On ₹1 lakh take-home pay, that means ₹40,000–₹50,000 for all EMIs combined — not just housing. Use our mortgage affordability calculator with your salary, existing EMIs, and interest rate to see a realistic loan amount.
This guide uses India-specific examples (₹ amounts, tax and investment rules). Linked India-only calculators need INR selected in the currency menu.
The EMI-to-income rule
If net salary is ₹80,000 and the bank allows 45% for EMIs, your total EMI budget is about ₹36,000. Subtract car or personal loan EMIs first; the remainder is for the home loan.
A higher down payment lowers EMI and can get you approved for a better property within the same income.
What reduces eligibility
Existing loans, low credit score, irregular income, and short employment history can reduce the approved amount below the simple percentage rule.