₹1Cr Home Loan? Here's the Salary You Need

Dreaming of buying a ₹50L, ₹75L, or ₹1Cr home? Your salary decides if any bank will even approve your loan. Here's exactly what monthly income you need, plus down payment and hidden costs most buyers forget.

Here's what happened: For a ₹50 lakh home loan at ~8.75% over 20 years, the EMI is approximately ₹44,300 — requiring a net monthly salary of at least ₹88,600 with no other active loans.. A ₹75 lakh loan carries an EMI of ~₹66,400, and banks expect borrowers to show a monthly income of ₹1.3–1.5 lakh to stay within the 40–50% Fixed Obligation to Income Ratio (FOIR) limit.. A ₹1 crore home loan means an ~₹88,600 monthly EMI, a minimum ₹20–25 lakh down payment in cash, plus stamp duty and registration costs of ₹3–6 lakh that are not covered by any bank loan..

What you should do: Calculate your FOIR today: add up all current EMIs, subtract from 50% of your net monthly salary — the leftover is the maximum home loan EMI a bank will approve for you.. Check your credit score before applying: a CIBIL score above 750 can get you a lower interest rate, reducing your EMI by ₹2,000–₹4,000 per month on a ₹75 lakh loan.. Budget separately for down payment plus stamp duty — set aside at least 25–30% of property value in cash before approaching any lender, since these costs are never financed..

Pro tip: Adding a co-applicant (spouse or parent with income) can nearly double the loan amount the bank approves — without changing your own salary.