Find out how expensive a home you can afford based on your income, savings, and existing obligations.
| Max Eligible Loan | — |
| Recommended EMI (40% FOIR) | — |
| Down Payment | — |
Indian banks use FOIR (Fixed Obligation to Income Ratio, typically 40-50%) to determine home loan eligibility. Example: if your income is ₹1 lakh/month and existing EMIs are ₹20,000, banks may allow total EMIs of ₹40,000-50,000, leaving ₹20,000-30,000 for the new EMI.
Q: How much home loan can I get on ₹50,000 salary?
A: At 8.5% for 20 years, with 40% FOIR and no existing EMIs, you can get approximately ₹25-30 lakh home loan on ₹50,000 monthly income.
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