Home Loan Eligibility for Salaried: Salary, Age and CIBIL
Banks cap EMIs at 40–75% of take-home pay; at 50%, a ₹50,000 salary supports about ₹29–32 lakh over 20 years. Age limits run from 18 to 70.
Written by Vikram Desai
Updated on 17 September 2026·6 min read
On this page10 sections
Most banks publish no minimum salary for a home loan. They lend what your take-home pay can repay: Bank of Baroda lets all EMIs take 40% to 75% of net income. If half of a ₹50,000 take-home salary goes to the EMI, it supports about ₹29–32 lakh over 20 years. Salaried borrowers must be 18 to 21 at the start and finish repaying by 65 to 70.
Key facts
| Criterion | What banks publish (checked 17 September 2026) |
|---|---|
| Minimum age | 18 years (SBI); 20 years for salaried (ICICI Bank); 21 years (Bank of Baroda) |
| Maximum age | Loan repaid by 70 (SBI); 65 for salaried (ICICI Bank); 70, but not beyond retirement or 65 (Bank of Baroda) |
| Minimum salary | None published by SBI or Bank of Baroda; ₹25,000 a month (ICICI Bank); ₹12,000 a month (ICICI Home Finance) |
| Share of pay for EMIs | 20% to 70% by income slab (SBI); 40% to 75% by income slab (Bank of Baroda) |
| Job stability | At least 1 year of continuous employment (Bank of Baroda) |
| Credit score | 700 and above (ICICI Bank); public sector banks price loans for scores down to 600 |
| Maximum loan against property value | 90% up to ₹30 lakh; 80% for ₹30–75 lakh; 75% above ₹75 lakh |
| Maximum tenure | 30 years |
How banks work out eligibility from your salary
Banks start from your net monthly income: take-home pay after tax and payroll deductions. They then cap the share of that income your EMIs may use. This is the EMI-to-net-income ratio, which some lenders call FOIR (fixed obligation to income ratio).
SBI says this ratio runs from 20% to 70% depending on your net annual income. Bank of Baroda publishes its slabs for salaried borrowers:
| Net monthly income | Maximum deductions, including the new EMI |
|---|---|
| Below ₹25,000 | 40% |
| ₹25,000 to below ₹50,000 | 60% |
| ₹50,000 to below ₹1,00,000 | 65% |
| ₹1,00,000 to below ₹2,00,000 | 70% |
| ₹2,00,000 and above | 75% |
Existing EMIs count against the cap, so a running car loan reduces what you can borrow. Adding an earning co-applicant, such as your spouse, lets the bank combine both incomes.
Home loan eligibility based on salary: worked examples
The table assumes half your take-home pay goes to the home loan EMI and you have no other loans. It uses 7.25%, the lowest card rate at SBI and PNB, and 8.50%, where ICICI Bank’s card starts. Your bank’s own cap may be higher or lower.
| Take-home salary a month | EMI at 50% | Loan over 20 years at 7.25% | Loan over 20 years at 8.50% | Loan over 30 years at 7.25% |
|---|---|---|---|---|
| ₹25,000 | ₹12,500 | ₹15.8 lakh | ₹14.4 lakh | ₹18.3 lakh |
| ₹40,000 | ₹20,000 | ₹25.3 lakh | ₹23.0 lakh | ₹29.3 lakh |
| ₹50,000 | ₹25,000 | ₹31.6 lakh | ₹28.8 lakh | ₹36.6 lakh |
| ₹75,000 | ₹37,500 | ₹47.4 lakh | ₹43.2 lakh | ₹55.0 lakh |
| ₹1,00,000 | ₹50,000 | ₹63.3 lakh | ₹57.6 lakh | ₹73.3 lakh |
| ₹1,50,000 | ₹75,000 | ₹94.9 lakh | ₹86.4 lakh | ₹1.10 crore |
Working the other way: a ₹50 lakh loan over 20 years costs ₹39,519 a month at 7.25%. At a 50% cap, you need about ₹79,000 of take-home pay. At 8.50% the EMI is ₹43,391, which needs about ₹87,000.
Try your own numbers with the loan eligibility calculator.
Minimum salary required for a home loan
No RBI rule sets a minimum salary. Each lender decides.
| Item | Details |
|---|---|
| SBI | no minimum is published. Your loan amount depends on your EMI-to-net-income ratio. |
| Bank of Baroda | no minimum is published. Salaried applicants need at least one year of continuous employment, with a break of up to three months allowed. |
| ICICI Bank | its home loan guide states a minimum monthly income of ₹25,000. |
| ICICI Home Finance | ₹12,000 a month for salaried borrowers, with 1 year in the current company and 2 years in total. |
A low salary can still qualify for a small loan. What matters is whether the EMI fits inside the lender’s cap.
Age limit for a home loan
| Lender | Minimum age | Maximum age |
|---|---|---|
| SBI | 18 at the start of the loan | Repaid by 70 |
| ICICI Bank, salaried | 20 | 65 |
| ICICI Bank, self-employed | 21 | 70 |
| Bank of Baroda | 21 for the applicant; 18 for a co-applicant | 70, but tenure cannot run past retirement or 65, whichever is earlier |
Age limits your tenure, and tenure changes your eligibility. At SBI, a 40-year-old can still take 30 years. A salaried 45-year-old at ICICI Bank gets at most 20 years, so the same salary supports a smaller loan.
Minimum CIBIL score for a home loan
ICICI Bank lists a credit score of 700 and above. Public sector banks publish rates for lower scores but charge more for them.
| Item | Details |
|---|---|
| Bank of Maharashtra | 7.00% at 800 and above, and 9.15% below 600, for salaried borrowers. |
| Punjab National Bank | 7.85% for scores of 700–749 and 9.05% for 600–699, on loans above ₹30 lakh. |
| Union Bank of India | 9.35% for scores of 600–649. |
Lenders now report your repayments to credit bureaus as of the 9th, 16th, 23rd and last day of each month, from 1 July 2026. A missed EMI shows up on your report within days. Our guide to the credit score needed for a home loan covers the bands in more detail.
The property value limit
Salary is only one cap. Banks also lend no more than a set share of the property’s value. Bank of Baroda’s limits are 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. You pay the rest as a down payment.
Your loan is the lower of the two limits. See the home loan eligibility guide for how both are worked out.
How to raise your eligibility
- Close or prepay small loans and clear card balances before you apply.
- Add an earning co-applicant.
- Choose a longer tenure, within your age limit.
- Check your credit report and fix errors before the bank pulls it.
- Compare lenders, since EMI caps and rates differ. Our table of home loan interest rates in different banks lists current card rates.
Frequently asked questions
How much salary is required for a home loan?
Banks such as SBI and Bank of Baroda publish no minimum. ICICI Bank states ₹25,000 a month. The loan amount depends on how much EMI your take-home pay can carry.
How much home loan can I get on a ₹50,000 salary?
If half your take-home pay goes to the EMI, about ₹31.6 lakh over 20 years at 7.25%, or ₹28.8 lakh at 8.50%. Existing EMIs reduce this.
What is the age limit for a home loan?
SBI lends from 18 and needs the loan repaid by 70. ICICI Bank lends to salaried people aged 20 to 65. Bank of Baroda stops tenure at retirement or 65, whichever is earlier.
What is the minimum CIBIL score for a home loan?
ICICI Bank asks for 700 and above. Some public sector banks lend at scores of 600 or lower, but at rates above 9%.
Can a salaried person with an existing loan get a home loan?
Yes, if the old EMI plus the new EMI stays within the bank’s cap on net income. Bank of Baroda allows 40% to 75%, depending on income.
What is the maximum tenure for a salaried person?
Up to 30 years at SBI, Bank of Baroda and ICICI Bank. The loan must still end within the lender’s age limit.
Sources
- Frequently asked questions — SBI Home Loans (checked 17 Sep 2026)
- Regular home loan — SBI Home Loans (checked 17 Sep 2026)
- Baroda Home Loan — Bank of Baroda (checked 17 Sep 2026)
- Home loan — ICICI Bank (checked 17 Sep 2026)
- 75 lakh home loan EMI — ICICI Bank (checked 17 Sep 2026)
- Home loan for salaried employees — ICICI Home Finance (checked 17 Sep 2026)
- Retail interest rates — Bank of Maharashtra (checked 17 Sep 2026)
- Retail advances interest rates — Punjab National Bank (checked 17 Sep 2026)
- Rate of interest for retail lending schemes — Union Bank of India (checked 17 Sep 2026)
- Credit Information Reporting Directions — Reserve Bank of India (checked 17 Sep 2026)