Home loan on ₹1,50,000 salary: the short answer
With a take-home salary of ₹1,50,000 a month and no other loans, most banks would lend about ₹86.42 lakh for 20 years at 8.5%, keeping your EMI at ₹75,000 (50% of income). With a 30-year tenure that rises to ₹97.54 lakh.
| Tenure | EMI at 40% of income | At 50% | At 60% |
|---|---|---|---|
| 10 years | ₹48.39 lakh | ₹60.49 lakh | ₹72.59 lakh |
| 15 years | ₹60.93 lakh | ₹76.16 lakh | ₹91.39 lakh |
| 20 years | ₹69.14 lakh | ₹86.42 lakh | ₹1.04 crore |
| 25 years | ₹74.51 lakh | ₹93.14 lakh | ₹1.12 crore |
| 30 years | ₹78.03 lakh | ₹97.54 lakh | ₹1.17 crore |
What changes the amount
- Existing EMIs come straight off the limit. A ₹10,000 car EMI cuts your home loan by about ₹11.52 lakh.
- Co-applicant: adding a spouse’s or parent’s income raises the limit.
- Credit score: 750+ gets the best rates; a lower rate raises eligibility too.
- Age: banks usually want the loan repaid by 60–70, which limits tenure for older borrowers.
Down payment
RBI caps the loan at 90% of the property value up to ₹30 lakh, 80% up to ₹75 lakh and 75% above. Stamp duty and registration (6–8% in most states) are not financed. Add your savings in the calculator to see the home price you can afford.
Questions people ask
How much home loan can I get on ₹1,50,000 salary?
About ₹86.42 lakh for 20 years at 8.5%, if the bank allows an EMI of 50% of income and you have no other loans. At 40% it would be ₹69.14 lakh.