Home Loan Guide6 min read• 15 July 2026

How Much Home Loan Can You Afford?

Published by PropertyCRM Home Financing DeskCalculate EMI Now →

Key Financial Takeaways

•Keep total monthly debt obligations (FOIR) under 40% - 50% of net take-home salary.
•Ensure you maintain at least 6 months of living expenses in reserve after paying down payment.
•Account for maintenance fees, stamp duty (5-7%), and registration costs (1%) upfront.

1. Understanding FOIR (Fixed Obligation to Income Ratio)

Lenders use FOIR to assess borrowing capacity. If your monthly net income is ₹1.5 Lakhs, lenders cap combined EMIs at ₹60,000 to ₹75,000.

Yes, adding a earning co-applicant (spouse, father, or mother) combines incomes and increases total loan eligibility.

Actionable strategies to boost CIBIL credit scores, clear short-term debts, and add co-applicants.

Complete document checklist for salaried employees, self-employed businessmen, and NRIs.

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