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Guide

Home Loan Eligibility & Documents

Two separate limits decide your loan, and the smaller one wins.

Maximum LTV by ticket size
90 / 80 / 75%

≤₹30L / ₹30–75L / >₹75L. Stamp duty is excluded from property value.

as of 2026-08-15· RBI Master Circular on Housing Financeverified

Your income sets a limit through the FOIR — most lenders cap all EMIs at 50–60% of net monthly income. The property sets a second limit through the loan-to-value cap, which the RBI ties to ticket size: broadly 90% up to ₹30 lakh, 80% from ₹30–75 lakh, and 75% above that.

By Nishit Kumar, Founder & Editor
Updated 17 August 2026

What to know

The detail that catches most first-time buyers: stamp duty and registration are excluded from the property value used to compute LTV. On a ₹60 lakh flat in a state charging 6% stamp duty plus 1% registration, that is about ₹4.2 lakh you must fund yourself, on top of the 20% down payment. Budget the down payment as roughly 27–30% of the sticker price, not 20%.

FOIR is calculated on obligations, not lifestyle. Every running EMI counts, and so does the minimum due on your credit cards — which is why paying down a card balance before applying can raise your eligibility more than a salary increment would. A co-applicant with independent income raises the combined FOIR ceiling, but only if they are genuinely employed and their obligations are counted too.

Your numbers

₹1 L
₹10,000₹1,00,000₹50 L
₹0₹0₹10 L
3050%75

Most lenders cap total EMIs at 40–55% of net income.

18.5%36
120 years30
Eligible loan amount
₹57,61,542
EMI you can service
₹50,000
Income committed to EMIs
50.00%
Free income after EMIs
₹50,000

What this means.This is a ceiling, not an offer. Lenders also weigh your credit score, employer category and job stability.

Questions

How much home loan can I get on a ₹1 lakh monthly salary?

As an order of magnitude, at a 50% FOIR and no existing EMIs, ₹50,000 of monthly EMI capacity supports roughly ₹60–70 lakh over 20 years at current rates. The LTV cap then applies separately against the property value. Run both in the calculator on this page rather than relying on a rule of thumb — existing obligations move the answer substantially.

Does a co-applicant increase home loan eligibility?

Yes, when the co-applicant has independent income — their income adds to the pool and their obligations subtract from it. Note the distinction that matters for tax: to claim the Section 24(b) and 80C deductions individually, each person must be both a co-owner of the property and a co-borrower on the loan. Being only one of the two gets you nothing.

What credit score do I need for a home loan?

Most lenders will consider applications from around 700, but the advertised floor rates are reserved for the top band, generally 750 and above. The gap between bands is typically 50–100 basis points, which on a large long-tenure loan is a very large number in rupees.

Related reading

Sources

Every figure on this page is traced to the document it came from. Where a claim rests on a regulator or an institution’s own rate card, that is the link below — not a summary of it.

  1. [2]Master Circular — Housing Finance: loan-to-value ratios and risk weights— Reserve Bank of IndiaPrimary
  2. [2]Understanding your CIBIL score and report— TransUnion CIBILPrimary
Worth knowing.Rates, fees and terms change frequently and vary by applicant. Everything here is general information, not personalised advice. Confirm the current terms directly with the institution before you apply. How we research and rate.