How much home loan can I get on my salary?

Banks typically approve home loans where total EMIs (existing + new) don't exceed 50% of your net monthly income. For example, with a monthly income of Rs 1,00,000 and no existing EMIs, you can get a loan of approximately Rs 58-62 lakhs at 8.5% for 20 years.

What is the maximum LTV ratio for home loans in India?

RBI guidelines allow up to 90% LTV for loans under Rs 30 lakhs, 80% for Rs 30-75 lakhs, and 75% for loans above Rs 75 lakhs. This means you need a minimum down payment of 10-25% depending on the loan amount.

Home Loan Eligibility Calculator

Check your maximum home loan amount based on salary, existing EMIs, and loan terms. See your affordable property budget for Gurugram real estate.

Monthly Income (Net)(Rs/mo)

250005000000

Existing Monthly EMIs(Rs/mo)

0500000

Expected Interest Rate(%)

020

Loan Tenure(yrs)

130

Maximum Loan Amount

₹ 57.62 L

Affordable Property Value

₹ 72,01,927

Maximum EMI

₹ 50,000

LTV Ratio

80%

Available EMI Capacity

₹ 50,000

How Banks Calculate Eligibility

FOIR (Fixed Obligation to Income Ratio): Banks use 50% FOIR -- meaning your total EMIs (existing + new) should not exceed 50% of your monthly income.
LTV (Loan-to-Value Ratio): Banks fund up to 90% for loans under 30L, 80% for 30-75L, and 75% for loans above 75L. The rest is your down payment.
Affordable Property Value: This is the maximum property price you can target, calculated as your eligible loan amount divided by the applicable LTV ratio.

These calculations are for informational purposes only. Actual values may vary based on lender terms and government notifications. Consult a financial advisor for personalized guidance.

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