Loan eligibility by income: quick reference
Indicative home loan eligibility at a 20-year tenure with no existing obligations.
3 min read
What you need to know
These figures assume a 50% FOIR, a 20-year tenure and an 8.6% rate, with no other EMIs running. Existing obligations reduce them proportionately.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Detailed comparison
| Net monthly income | Affordable EMI | Indicative loan |
|---|---|---|
| ₹40,000 | ₹20,000 | ≈ ₹23 Lakh |
| ₹60,000 | ₹30,000 | ≈ ₹34 Lakh |
| ₹1,00,000 | ₹52,000 | ≈ ₹60 Lakh |
| ₹1,50,000 | ₹80,000 | ≈ ₹92 Lakh |
| ₹2,50,000 | ₹1,40,000 | ≈ ₹1.6 Crore |
Frequently asked questions
What is the main takeaway from “Loan eligibility by income: quick reference”?
Indicative home loan eligibility at a 20-year tenure with no existing obligations.
What should I check before acting on this comparison charts guide?
The guide includes a indicative home loan eligibility comparison covering Net monthly income, Affordable EMI, Indicative loan.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.