How Much Home Can I Afford?
Lenders decide what you can borrow from your income, your existing EMIs and your down payment. This applies the same rule they do, so you can shortlist in the right price band.
An estimate, not an approval. Lenders also weigh credit score, employment type, age and the property's own valuation.
Frequently asked questions
What is FOIR in a home loan?
FOIR (Fixed Obligation to Income Ratio) is the share of your net monthly income that a lender lets you commit to loan repayments. Most Indian lenders work with 40-55%. If you earn ₹1,50,000 a month and the lender uses 50%, your total EMIs across all loans cannot exceed ₹75,000.
How much down payment do I need to buy a house in India?
The RBI caps home loans at 75-90% of property value depending on the loan size, so you need at least 10-25% as down payment. Budget beyond that too: stamp duty, registration and transfer charges add roughly 6% of property value in Telangana and are not covered by the loan.
Do existing loans reduce how much home loan I can get?
Yes, directly. Car loans, personal loans and credit card instalments all consume your FOIR headroom. Clearing a small high-EMI loan before applying often increases your eligible home loan by more than the debt you cleared.
Does a co-applicant increase home loan eligibility?
Usually yes. Adding an earning co-applicant, typically a spouse or parent, pools both incomes against the FOIR ceiling and raises the eligible loan. Both applicants become jointly liable, and both can claim the tax deductions in proportion to their share.