How Much Home Loan Can You Get on a ₹50,000, ₹75,000 or ₹1 Lakh Salary? The Bank’s Arithmetic, with a Calculator

How much home loan can you get on your salary? On the norms State Bank of India publishes, a take-home pay of ₹50,000 a month supports a home loan of about ₹31.7 lakh, ₹75,000 about ₹47.5 lakh, and ₹1 lakh about ₹69.1 lakh. Those figures are for 20 years at 8.5% with no other EMI running. The rest of this piece shows the arithmetic behind them, what moves them, and what home each loan can actually buy. There is a calculator in the page to run your own salary.

Written on 5 October 2026. The EMI-to-income schedule, the definition of income and the tenure limits are SBI's own, read on its website; the share of a home a bank may finance is from RBI's Master Circular on housing finance; the subsidy is from the housing ministry's portal. Every loan figure is worked by the engine behind this site's loan eligibility calculator. SBI advertises home loans from 7.50% a year since 15 October, up from the 7.25% it had offered since April. On 7 October the Reserve Bank raised the repo rate by a quarter point to 5.50%, and SBI's external benchmark rose from 7.90% to 8.15% plus the borrower's premium from 15 October, so a floating loan resets upward by the same quarter point on its next reset date (what that rise does to an existing EMI); this piece uses 8.5% as a round, cautious rate. The next policy meeting is 2 to 4 December. A bank's own credit decision can differ from any arithmetic.

The table: home loan by salary, from ₹30,000 to ₹2 lakh

Find your take-home pay in the first column. The cap is the share of that pay SBI's schedule allows for EMIs; the last four columns are the loan that EMI carries at 8.5% a year.

No other EMI, no co-applicant. The 30-year column needs you to be 40 or younger, because SBI wants a home loan closed by age 70.

Try it on your own salary

How a bank arrives at the figure: three steps

The cap in step two is SBI's published EMI-to-income schedule. The bank prints it for loans against property, and its home loan questions and answers say the ratio runs from 20% to 70% by income slab without printing the slabs, so treat the schedule as the middle of the road and expect a private bank or a housing finance company to sit a little either side of it.

Take the ₹50,000 earner. Annual take-home is ₹6 lakh, which falls in the 55% band, so the largest EMI is ₹27,500. At ₹868 per lakh that carries ₹31.7 lakh. Nothing else is involved.

That step matters at the margin. The 60% band starts above ₹10 lakh a year, which is a take-home of ₹83,333 a month. On this schedule a take-home of ₹83,000 carries about ₹52.6 lakh and ₹84,000 carries about ₹58.1 lakh: a ₹1,000 difference in pay moves the loan by more than ₹5 lakh. If your pay sits just under a band, a raise or a co-applicant does more than it looks.

Home loan on a ₹50,000 salary

After the EMI, ₹22,500 a month is left to live on. Stretching the tenure to 30 years raises the loan to ₹35.8 lakh on the same EMI.

The subsidy to check before you borrow the maximum. Under the interest subsidy scheme of Pradhan Mantri Awas Yojana – Urban 2.0, a household with an annual income of up to ₹9 lakh gets a subsidy of 4% on the first ₹8 lakh of loan for up to 12 years, to a maximum of ₹1.80 lakh, released in five yearly instalments into the loan account. The conditions are tight: the loan must not exceed ₹25 lakh, the home must not cost more than ₹35 lakh, its carpet area must not exceed 120 square metres, and the loan must have been sanctioned and disbursed on or after 1 September 2024. A ₹50,000 earner who could borrow ₹31.7 lakh therefore has a real choice: borrow up to ₹25 lakh for a home of up to ₹35 lakh and keep the subsidy, or borrow more and lose it. The subsidy is given once for a property and is lost if you move the loan to another lender without having claimed it.

Home loan on a ₹75,000 salary

₹33,750 a month is left after the EMI. Over 30 years the same EMI carries ₹53.6 lakh. At ₹75,000 the annual take-home is exactly ₹9 lakh, which is still inside the 55% band; a gross income above ₹9 lakh puts the household outside the subsidy described above.

Home loan on a ₹1 lakh salary

₹40,000 a month is left after the EMI. Over 30 years the same EMI carries ₹78.0 lakh. Above ₹75 lakh of loan, RBI's ceiling drops to 75% of the home's cost, so a larger loan needs a proportionately larger down payment.

What moves the figure: rate, tenure, an existing EMI, a co-applicant, your age

The interest rate. SBI advertises home loans from 7.50% a year since 15 October 2026, when its benchmark rose to 8.15% plus the borrower's premium after the repo rate rise. What you are offered depends on your credit score and the loan. Each half point is worth roughly ₹1 lakh to ₹2.5 lakh at these salaries.

All over 20 years, no other EMI.

An EMI you already pay. This is the largest single mover. Every ₹10,000 a month of car loan, personal loan or card EMI takes about ₹11.5 lakh off the home loan at 8.5% over 20 years, because it comes straight out of the EMI the bank allows.

A co-applicant. SBI clubs a spouse's income for a home loan. The joint income is tested against the schedule, so a ₹75,000 earner with a spouse taking home ₹30,000 crosses ₹10 lakh a year together, moves into the 60% band, and the loan rises from ₹47.5 lakh to ₹72.6 lakh.

Your age. The loan runs up to 30 years but must close by age 70. At 45 the longest tenure is 25 years, which carries ₹34.2 lakh on a ₹50,000 take-home; at 55 it is 15 years and ₹27.9 lakh.

The loan is not the house: what you must bring yourself

RBI's Master Circular on housing finance limits how much of a home a bank may finance: 90% of the cost where the loan is up to ₹30 lakh, 80% above ₹30 lakh and up to ₹75 lakh, and 75% above ₹75 lakh. Stamp duty, registration and documentation charges are not part of the cost for this purpose, so they cannot be borrowed.

The 7% is an assumption for illustration. Stamp duty is a State levy that runs from about 2% to 7% plus registration, and several States charge women less; take the rate from your State's registration department. Either way, plan for cash of roughly a third of the loan before the first EMI.

Take-home, not CTC

The most common mistake is to run these figures on the CTC. A CTC of ₹9 lakh a year is not a salary of ₹75,000 a month: the employer's provident fund contribution and gratuity never reach your account, and your own provident fund, professional tax and income tax come off before the bank counts a rupee. Use the amount credited to your salary account, averaged over the last three months, with bonuses left out unless they arrive every month. The CTC breakup calculator turns an offer letter into that figure, and the higher provident fund ceiling in force since 17 September 2026 has lowered it for some employees; the payslip guide shows who.

Should you borrow the maximum?

The bank's figure is a ceiling, not a recommendation. Three numbers are worth looking at before you take all of it.

A floating rate moves with the repo rate, and the EMI or the tenure moves with it. If the rate on a ₹31.7 lakh loan rose by two points, the same EMI would support only about ₹27.5 lakh, so the bank would lengthen the tenure or raise the EMI. Leaving a margin below the cap is what keeps a rate rise from becoming a problem. Whether to buy at all, against renting and investing the difference, is a separate question the rent vs buy calculator works month by month.

On tax: under the new regime, which is the default, a home you live in earns no deduction for the interest. Under the old regime the interest is deductible up to ₹2 lakh a year and the principal within the ₹1.5 lakh limit it shares with provident fund and insurance. The regime guide shows which side you are on.

Frequently Asked Questions

How much home loan can I get on a ₹50,000 salary? About ₹31.7 lakh over 20 years at 8.5% if ₹50,000 is your take-home pay and you have no other EMI: SBI's schedule allows 55% of that income, an EMI of ₹27,500. Over 30 years the same EMI carries about ₹35.8 lakh. With ₹10,000 of EMI already running, the figure falls to about ₹20.2 lakh.

How much home loan can I get on a ₹75,000 salary? About ₹47.5 lakh over 20 years at 8.5% on a take-home of ₹75,000 with no other EMI: 55% of income is an EMI of ₹41,250. Over 30 years it is about ₹53.6 lakh. A spouse taking home ₹30,000 as co-applicant lifts it to about ₹72.6 lakh.

How much home loan can I get on a ₹1 lakh salary? About ₹69.1 lakh over 20 years at 8.5% on a take-home of ₹1 lakh with no other EMI. Income above ₹10 lakh a year is allowed 60% for EMIs on SBI's schedule, so the EMI is ₹60,000. Over 30 years it is about ₹78.0 lakh.

Is home loan eligibility calculated on gross salary, CTC or take-home pay? On take-home pay. SBI defines net monthly income as the take-home pay after taxes and other payroll deductions. The employer's provident fund contribution, gratuity and other CTC items that never reach your account are not counted.

How many times my salary can I borrow as a home loan? On SBI's schedule at 8.5% over 20 years, about 58 times monthly take-home where the cap is 50%, about 63 times at 55%, and about 69 times at 60%. A lower rate or a longer tenure raises the multiple; an existing EMI lowers it.

Does an existing EMI or credit card dues reduce my home loan eligibility? Yes, rupee for rupee against the EMI the bank allows. At 8.5% over 20 years, each ₹10,000 a month of existing EMI reduces the home loan by about ₹11.5 lakh. Closing a small loan before applying is the quickest way to raise the figure.

Can I add my spouse's income to get a bigger home loan? Yes. SBI clubs a spouse's income for a home loan, and the combined income is tested against the schedule, which can also move the household into a higher band. The co-applicant becomes jointly liable for the loan.

How much down payment do I need for a home loan? RBI lets a bank finance 90% of the cost for loans up to ₹30 lakh, 80% above ₹30 lakh and up to ₹75 lakh, and 75% above ₹75 lakh, so the down payment is 10% to 25% of the cost. Stamp duty and registration are extra and cannot be financed.

Is there a government subsidy on a home loan? Under the interest subsidy scheme of Pradhan Mantri Awas Yojana – Urban 2.0, households with an annual income of up to ₹9 lakh get 4% on the first ₹8 lakh of loan for up to 12 years, to a maximum of ₹1.80 lakh, on a loan of up to ₹25 lakh for a home costing up to ₹35 lakh with a carpet area of up to 120 square metres. The scheme's guidelines carry further conditions; apply through the scheme's portal.

Will the bank give me exactly this amount? Not necessarily. These are published norms applied to a salary. A lender also reads your credit report, your employer, your age and the property's valuation and title, and each lender keeps its own schedule. Use the figure as the size of loan to go and ask for, and ask two lenders.

How this was worked out

The EMI cap is SBI's published EMI-to-income schedule: 50% for net annual income above ₹3 lakh and up to ₹5 lakh, 55% above ₹5 lakh and up to ₹10 lakh, 60% above ₹10 lakh. The definition of income, the 30-year tenure, the age-70 limit and the clubbing of a spouse's income are from SBI's home loan questions and answers. The loan-to-value ceilings are RBI's. Each loan is the present value of the capped EMI at the stated rate and tenure, with monthly rests, computed by the same engine as the loan eligibility calculator, where you can also enter a car or personal loan, a co-applicant, business or creator income and the home's price. The 8.5% rate and the 7% for stamp duty are assumptions and are labelled as such. This is general information, not advice and not a sanction.

Sources

The rules and figures in this article can be checked against these official sources.

• Loans against property: the EMI/NMI ratio by net annual income State Bank of India
• Home loans: frequently asked questions State Bank of India
• Home loan interest rates State Bank of India
• External benchmark based lending rate (EBLR), revised from 15 October 2026 State Bank of India
• Monetary Policy Statement 2026-27: resolution of the Monetary Policy Committee, 5 to 7 October 2026 Reserve Bank of India
• Master Circular – Housing Finance: loan-to-value ratios for individual housing loans Reserve Bank of India
• Pradhan Mantri Awas Yojana – Urban 2.0: the Interest Subsidy Scheme Ministry of Housing and Urban Affairs