Before you start house-hunting, you need one number: how much home loan can you actually get? It depends mostly on your salary, but also on your existing EMIs, the interest rate and the tenure. Here's the formula lenders use, plus a salary-wise eligibility table for 2026.
How Lenders Calculate Eligibility
Lenders follow a simple chain of logic:
- Take your net monthly income.
- Apply the FOIR rule — your total EMIs can't exceed 40%–50% of income.
- Subtract any existing EMIs to find your available EMI capacity.
- Work backwards from that EMI — using the interest rate and tenure — to the loan amount.
Salary-Wise Home Loan Eligibility (2026)
Assuming no existing EMIs, ~50% FOIR, an 8.5% rate and a 25-year tenure:
| Net Monthly Salary | Max EMI (~50%) | Approx. Loan Eligible |
|---|---|---|
| ₹30,000 | ₹15,000 | ₹18 Lakh |
| ₹50,000 | ₹25,000 | ₹31 Lakh |
| ₹75,000 | ₹37,500 | ₹46 Lakh |
| ₹1,00,000 | ₹50,000 | ₹62 Lakh |
| ₹1,50,000 | ₹75,000 | ₹93 Lakh |
These are indicative. Your real eligibility shifts with the rate, tenure, your CIBIL score and existing debts.
The LTV Cap — A Second Limit
Your income decides one ceiling; the Loan-to-Value (LTV) ratio decides another. Lenders fund only a percentage of the property's value:
| Loan Amount | Max LTV |
|---|---|
| Up to ₹30 lakh | up to 90% |
| ₹30–75 lakh | up to 80% |
| Above ₹75 lakh | up to 75% |
Your final sanctioned loan is the lower of the income-based amount and the LTV limit — the rest must come from your down payment.
How to Increase Your Eligibility
- Add a co-applicant (working spouse) to pool incomes — and double your tax benefits too.
- Clear existing EMIs to free up FOIR capacity.
- Improve your CIBIL score for a lower rate — see our CIBIL guide.
- Choose a longer tenure to lower the EMI (more total interest, though).
- Apply when rates are low — rates are near multi-year lows in 2026.
Check Your EMI and Eligibility
Use our Home Loan EMI Calculator to test different loan amounts and tenures against your target EMI — that instantly shows what fits your budget. First-time buyer? You may also qualify for the PMAY 2.0 subsidy.