Home Loan Eligibility — How Banks Decide How Much You Get

PropyMart · 2026

Home Loan Eligibility — The Basics

Banks typically lend 75–90% of the property value (LTV). Your EMI should not exceed 40–50% of your net monthly income. Age, employer type, and credit score also matter.

Key Eligibility Factors

CIBIL ≥ 750

Credit score (CIBIL ≥ 750 for best rates), monthly income, existing EMIs, employment stability, and the property type all shape your loan approval amount and interest rate.

The FOIR Rule

Fixed Obligation to Income Ratio (FOIR): banks allow up to 50% of gross income towards all loan EMIs combined. Higher income + lower existing liabilities = bigger loan sanction.

Co-applicant Advantage

Adding a spouse or working family member as co-applicant increases combined income eligibility, often boosting the loan amount by 30–50% compared to a single applicant.

Documents You Need

6-month salary slips, 2-year ITR, 6-month bank statements, employment letter, and KYC documents. Self-employed need GST returns + P&L statements for the last 2 years.

Use PropyMart EMI Calculator

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Enter your income, rate, and tenure on PropyMart's free EMI calculator. Get your approximate loan eligibility in 30 seconds — no signup, no spam.

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