Home Loan on ₹30,000 Salary
How much you can borrow
₹17,28,463 loan
With a net monthly salary of ₹30,000 and no other EMIs, banks usually allow an EMI of up to ₹15,000. At 8.5% for 20 years, that means a home loan of about ₹17,28,463, enough for a property of around ₹21,60,578 with a 20% down payment.
Eligible loan by tenure (8.5%)
| Tenure | Eligible loan | EMI |
|---|---|---|
| 10 years | ₹12,09,817 | ₹15,000 |
| 15 years | ₹15,23,245 | ₹15,000 |
| 20 years | ₹17,28,463 | ₹15,000 |
| 25 years | ₹18,62,829 | ₹15,000 |
| 30 years | ₹19,50,805 | ₹15,000 |
Eligible loan by interest rate (20 years)
| Rate | Eligible loan | Property value |
|---|---|---|
| 7.5% | ₹18,61,982 | ₹23,27,477 |
| 8% | ₹17,93,314 | ₹22,41,643 |
| 8.5% | ₹17,28,463 | ₹21,60,578 |
| 9% | ₹16,67,174 | ₹20,83,968 |
| 9.5% | ₹16,09,216 | ₹20,11,519 |
Assumes up to 50% of net income can go to EMIs. Banks also check credit score, age and job stability.
Try your own numbers
Eligible loan
₹17,28,463
≈ ₹17.28 Lakh
- Max EMI you can pay
- ₹15,000
- Property you can buy (20% down)
- ₹21,60,578
- Down payment needed
- ₹4,32,116
- Total interest
- ₹18,71,537
Estimates only. Actual figures may vary with your bank, fund or policy.
How it worksBanks usually allow total EMIs up to about 50% of your net monthly income. Your eligible loan is what that EMI can repay over the tenure.