Home loan on ₹1 lakh salary: how much you'll get, bank by bank

On a home loan on 1 lakh salary, most banks will lend you about ₹50 lakh to ₹74 lakh over 20 years, or about ₹57 lakh to ₹86 lakh over 30 years. The figure I'd plan around is ₹62 lakh over 20 years at 7.50%. That's an EMI of ₹50,000, half your take-home.

Two things move it most. Every ₹5,000 of EMI you already pay cuts about ₹6.2 lakh off the loan. And your credit score: at PNB, a score of 600 to 699 shrinks the same loan to about ₹54.6 lakh.

Banks run two tests and the lower result wins. Below: both tests for ₹1 lakh, what each bank's rate does to your number, and how to raise it.

Home loan on ₹1 lakh salary at a glance (checked 27 October 2026)

The two tests banks run

How banks work out eligibility in general is in how much home loan can I get on my salary. For ₹1 lakh, here's how the two tests play out.

Test 1: how much EMI can your income carry? Banks cap all your EMIs together, the new home loan included, as a share of your take-home pay. This is FOIR. Each bank sets its own. HomeFirst Finance puts the usual range at 40% to 60%, with the cap set by your income bracket, and higher incomes tend to be allowed more. I plan on 50% and treat anything higher as a bonus, not a budget.

Test 2: a multiple of your salary. Some banks also cap the loan at a multiple of what you earn. Canara allows salaried borrowers up to 72 times gross monthly salary, and selectively up to 96 times. On ₹1 lakh gross, that's ₹72 lakh, or up to ₹96 lakh selectively.

Here's where ₹1 lakh differs from smaller salaries. At a 50% FOIR over 20 years, the income test gives ₹62 lakh, below Canara's ₹72 lakh, so the income test decides. But stretch to 60% over 30 years and you could service ₹85.8 lakh. On ₹1 lakh gross, Canara's cap of ₹72 lakh would then decide. If ₹1 lakh is your take-home, your gross is higher, and so is the cap. Check which figure your bank uses for which test.

How much loan does ₹1 lakh buy?

The loan your EMI room can repay at 7.50%, SBI's lowest published rate and Canara's top-grade rate for loans of ₹50 lakh to ₹1 crore:

These figures are indicative. Your bank's own FOIR, how it counts your salary and the rate it gives you will decide the real number.

Bank by bank: how the rate changes your loan

Same ₹50,000 EMI, at each lender's lowest published rate for a strong salaried profile:

The gap between the top and bottom rows is ₹5.7 lakh of loan over 20 years, on the same salary. And these are best-case rates. At PNB, a score of 700 to 749 gets 8.05% (₹59.56 lakh over 20 years) and 600 to 699 gets 9.25% (₹54.59 lakh). How much a score band moves your rate is in RBI moved your home loan rate by 0.25%. Your CIBIL score can move it by 1.80%.

Each bank's full rate card: SBI, Canara Bank, HDFC Bank, Axis Bank and ICICI Bank.

What existing EMIs do to your eligibility

This is the biggest swing at any salary. Every rupee of EMI you already pay comes straight out of your FOIR room.

At 50% FOIR, 7.50%:

At ₹1 lakh, a car loan is the usual culprit. A ₹10,000 car EMI cuts your home loan by ₹12.4 lakh. Credit card dues and buy now, pay later accounts get counted too, even if you pay them on time.

20, 25 or 30 years: the real cost

A longer tenure lowers the EMI and raises the loan you qualify for. It also costs a lot more interest. Take ₹60 lakh at 7.50%:

Going from 20 to 30 years cuts the EMI by ₹6,383 and adds ₹35.02 lakh of interest. What I'd do: take the longer tenure on paper if you need the room, then pay as if it were 20 years. Floating rate home loans to individuals carry no prepayment charge, so the extra goes straight to principal. The full tenure trade-off on a similar loan is in ₹50 lakh home loan EMI.

What property can you buy?

RBI caps the loan at a share of the property value: 90% up to ₹30 lakh, 80% from ₹30 lakh to ₹75 lakh, and 75% above ₹75 lakh. At ₹1 lakh, you're in the 80% band:

The last row is the trap. Cross ₹75 lakh of loan and the cap drops to 75%, so your own contribution jumps by more than ₹10 lakh. Stamp duty and registration come on top, and banks usually won't fund them. So if the home you want costs more than about ₹90 lakh, the fix is a co-applicant or more savings, not a longer tenure.

How to raise your eligibility on ₹1 lakh

1. Add a co-applicant with income. A spouse earning ₹50,000 takes combined take-home to ₹1.5 lakh, and the loan at 50% FOIR to about ₹93.10 lakh over 20 years. That's above ₹75 lakh, so plan for a 25% down payment. Both credit histories are checked.
2. Close small loans first. Clearing a ₹10,000 EMI before you apply adds about ₹12.4 lakh of eligibility.
3. Fix your credit score. Moving from PNB's 700 to 749 band to 800 and above takes the rate from 8.05% to 7.45%, worth about ₹2.7 lakh more loan on the same EMI.
4. Show all your income. Variable pay, bonuses and rental income may count if they show in your bank statements and tax returns. Ask how your bank treats them.
5. Pick a longer tenure if you need the amount, then prepay.
6. Put more money down. The loan is only part of the price. A bigger down payment buys a costlier home without stretching the EMI.

Talk it through before you apply

Two banks can give you very different numbers on the same ₹1 lakh salary, and every application leaves an enquiry on your credit report. So don't apply to five banks to find out. Tell us your salary, existing EMIs and the home you have in mind, and we'll tell you where you're likely to get the best rate and amount. Our ₹50,000 salary guide covers the smaller salary bracket, and the EMI calculator lets you test any loan amount.

FAQ

How much home loan can I get on a 1 lakh salary? Usually about ₹50 lakh to ₹74 lakh over 20 years, or ₹57 lakh to ₹86 lakh over 30 years. At 7.50% with half your take-home as EMI and no other loans, it's about ₹62 lakh over 20 years or ₹71.5 lakh over 30 years.

What EMI can I afford on a ₹1 lakh salary? Banks usually allow total EMIs of 40% to 60% of take-home pay, which is ₹40,000 to ₹60,000 a month on ₹1 lakh. I'd keep it nearer ₹50,000 so one bad month doesn't break you.

Is ₹1 lakh net or gross for a home loan? Most banks test your EMI against take-home (net) pay. Salary multiples, like Canara's 72 times, use gross monthly salary. If ₹1 lakh is your take-home, your gross is higher, and so is the multiple.

Can I get a ₹75 lakh home loan on a ₹1 lakh salary? Only at the edge. At 7.50% over 30 years you'd need an EMI of ₹52,441, which is above 50% of ₹1 lakh. Some banks will allow it at a higher FOIR. A co-applicant is the safer route.

Does a car loan reduce my home loan eligibility? Yes, directly. On a ₹1 lakh salary, a ₹10,000 car EMI cuts the home loan you qualify for by about ₹12.4 lakh over 20 years.

Which bank gives the highest home loan on a ₹1 lakh salary? The one that gives you the lowest rate and the highest FOIR. At published rates, PNB, SBI and Canara (7.45% to 7.50%) support about ₹62 lakh over 20 years on a ₹50,000 EMI, and ICICI's 8.75% table rate about ₹56.6 lakh.

Not sure what you'll get? Talk to an advisor (free, WhatsApp) with your salary and existing EMIs. GoVitt compares 50+ banks and charges you 0% commission.

Rates as of 27 October 2026 for PNB, 26 October for SBI, HDFC Bank and Axis Bank, 24 October for Canara Bank and 21 October for ICICI Bank. Each is the lowest or table rate as published and applies only to strong profiles. FOIR levels are indicative; each bank sets its own. Loan amounts are the principal a given EMI repays, using the standard monthly reducing balance method, rounded. Your result will differ. We'll update this page after the 4 December 2026 MPC decision.