How much home loan will the bank give you?
A credit officer checks two limits and lends the lower: how big an EMI your income can carry, and how much RBI allows against the home's value. See both, and what would raise your amount.
The two limits
EMI on this loan
Tenure used
Cash you need
All EMIs / income
What would raise your loan
Existing EMIs cut your home loan the most. Every ₹1,000 of EMI you clear adds roughly ₹1.15 L to what a bank will lend (8.5%, 20 years). The EMI-Free Date Planner shows which loan to close first, and when.
See the planner · ₹199A banker's notes before you apply
- FOIR is the number that decides. Fixed Obligation to Income Ratio: the share of your monthly income that all EMIs together may take. Banks commonly allow 50–60%, and up to 65–70% for higher incomes. It varies by bank and by your employer's profile, so this is an estimate, not a sanction.
- RBI caps the loan against the home's value. Up to ₹30 L, a bank can lend at most 90% of the value; ₹30–75 L, 80%; above ₹75 L, 75%. Stamp duty, registration and interiors are never funded.
- Your credit score sets the rate. 750+ usually gets the best rate. Check your report before applying and fix errors first; a lower rate also raises how much you're eligible for.
- Don't apply to five banks at once. Each application is a hard enquiry on your credit report. Compare offers first, then apply to one or two.
- Eligibility isn't affordability. The bank's maximum leaves little room for savings, insurance or a job gap. Many families keep all EMIs under 40–45% of take-home pay.