Your income
Net take-home, after tax and PF, not CTC. Lenders underwrite what lands in the bank.
₹
₹ 15,000₹ 18 L a year₹ 20,00,000
Add a co-applicant
A spouse or parent on the file pools the income and usually lifts the sanction.
₹
₹ 0None₹ 5,00,000
How the lender reads it
FOIR, fixed obligation to income ratio, is the share of your income a bank will let all your EMIs consume. Most housing lenders sit at 50%; salaried files with a long record and low other debt get stretched to 55%.
FOIR the lender applies
yrs
5 yrsCapped at retirement age by most lenders30 yrs
% p.a.
6.00 % p.a.16.00 % p.a.
Sanction by tenure
The same income buys a bigger loan over longer, and costs far more interest.
Eligible loan
₹ 86.42 L
Against ₹ 1.5 L/month at 50% FOIR
Maximum EMI you can service
50% of income, less existing EMIs
₹ 75,000
Property price it supports
At 80% loan-to-value
₹ 1.08 Cr
Own funds needed
20% margin, before stamp duty and registration
₹ 21.61 L
Add stamp duty and registration on top: work out the statutory bill.
What this assumes
- ·FOIR-based, the way a housing-finance credit officer reads a salaried file. Self-employed files are assessed on ITR-averaged income and usually come out lower.
- ·80% loan-to-value. Lenders fund up to 90% below ₹30 L and 75% above ₹75 L, so the supported price shifts with the ticket size.
- ·No bureau score effect modelled: a score under 700 costs you rate, not eligibility.
- ·Stamp duty, registration and interiors are never funded by the loan.