Loans Last Updated: June 23, 2026
How Much Home Loan Can I Get on My Salary? (2026 Guide)
Understanding FOIR and how banks determine your home loan eligibility based on your monthly income.
What is FOIR?
Banks determine your home loan eligibility primarily using the Fixed Obligations to Income Ratio (FOIR). FOIR calculates the ratio of your total debt obligations to your net monthly income.
Ideal FOIR Range
Banks prefer a FOIR under 50%. If you make ₹1,00,000 net monthly, your total EMI outgo (including the new home loan) should not exceed ₹50,000.
Verified Sources & References
- Union Budget FY 2026-27 Tax Slabs and rules, Ministry of Finance, Government of India.
- Official circulars on interest rates, Reserve Bank of India (rbi.org.in).
- Income Tax Department notifications on rebates and exemptions (incometaxindia.gov.in).
- Mutual fund regulations and risk guidelines, Securities and Exchange Board of India (sebi.gov.in).
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Prasad Gorank
CFP (Certified Financial Planner) & Lead Editor
Prasad Gorank is the founder of PaisaBaat and a personal finance writer with 8+ years of experience in taxation, loan amortizations, and mutual funds advice. Every guide is double-checked for compliance with RBI and CBDT circulars.