How much home loan can I get?

Lenders don't just look at your salary. They look at how much EMI you can comfortably pay, how reliable your repayment history is, and the value of the property.

1. Income and existing EMIs

Banks look at the share of your monthly income that goes towards all EMIs, including the new home loan. Lenders typically allow roughly 40% to 60% of net monthly income for all EMIs combined, depending on your income level and profile. Existing car loans, personal loans or credit-card EMIs reduce how much home loan you can get.

2. Credit score

A good credit score and a clean repayment record help you get a higher amount and a better rate. Late payments, high credit-card usage or many recent loan enquiries can hurt.

3. Age and tenure

A longer tenure lowers the EMI, which increases the amount you can borrow. Lenders usually want the loan repaid before a certain age, so younger borrowers can often choose longer tenures.

4. Property value

Even with high income, the loan is capped at a percentage of the property's value as assessed by the lender. The balance is your down payment.

5. Employment type

Salaried applicants usually need salary slips, bank statements and Form 16. Self-employed applicants usually need ITRs for a few years, bank statements and business proof. Stable, documented income helps.

How to increase your eligibility

• Close or reduce small loans before applying.
• Add an earning co-applicant (for example, a spouse).
• Choose a longer tenure.
• Keep your credit score healthy.

Try our free eligibility and EMI calculator for a quick estimate. Final eligibility depends on the lender.

This guide is general information, not legal, tax or financial advice. Rules and lender policies change, so please verify for your specific case.