How Much Loan Can I Get on My Salary?
By the QuickYield Team · Published August 24, 2026 · 5 min read
How much loan can you get on a ₹50,000 salary? Using the FOIR rule most Indian lenders apply, roughly ₹24,64,835 — at a 9% rate over 15 years, assuming you have no other EMIs running.
The rule lenders actually use: FOIR
FOIR — Fixed Obligation to Income Ratio — caps your total monthly EMIs (existing plus the new one) at a percentage of your monthly income, commonly around 40-50%. It’s not about how much you want to borrow, or even how much you think you can afford — it’s a fixed rule lenders apply to limit their own risk. If you already have EMIs running, they eat directly into how much new loan you qualify for.
Loan eligibility table by monthly income
At 50% FOIR, 9% interest rate, 15-year tenure, and no existing EMIs:
| Monthly income | Max affordable EMI | Estimated loan eligibility |
|---|---|---|
| ₹30,000 | ₹15,000 | ₹14,78,901 |
| ₹50,000 | ₹25,000 | ₹24,64,835 |
| ₹80,000 | ₹40,000 | ₹39,43,736 |
| ₹1,00,000 (1 lakh) | ₹50,000 | ₹49,29,670 |
| ₹1,50,000 (1.5 lakh) | ₹75,000 | ₹73,94,506 |
Why existing EMIs hurt more than people expect
Say you earn ₹80,000/month and already pay ₹15,000/month on a car loan. Your max total EMI stays ₹40,000 (50% of income), but ₹15,000 of that capacity is already used — leaving only ₹25,000/month for a new loan, which drops your eligibility from roughly ₹39.4 lakh to about ₹24.6 lakh. An existing EMI doesn’t just reduce your eligibility by its own amount; it reduces it by whatever that EMI capacity would otherwise have financed at your target rate and tenure — which is usually a much larger number than the EMI itself. See your own exact number with our Loan Eligibility Calculator.
Frequently asked questions
›Salary pe kitna loan milega, ye kaise pata karein?
Zyadatar lenders FOIR rule follow karte hain — aapki total monthly EMI (existing + nayi) income ka 40-50% se zyada nahi honi chahiye, isi capacity se aapki loan eligibility calculate hoti hai.
›Does a longer tenure increase my loan eligibility?
Yes, generally — a longer tenure lowers your monthly EMI for the same loan amount, which means you can qualify for a larger loan amount within the same affordable-EMI limit, though you’ll pay more total interest over the longer period.
›Do lenders count my spouse’s income for eligibility?
Only for a joint loan application — if you apply individually, only your own income is typically considered, but adding a co-applicant with income can meaningfully increase the total loan eligibility.
›Is 50% FOIR a fixed rule across all banks?
No — it’s a common range (often 40-50%) but varies by lender, your credit score, and loan type; some lenders may be more conservative or more flexible depending on your overall profile.
Try it yourself
Open the Loan Eligibility Calculator →
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This article is for general information only and isn’t financial, tax, or legal advice. See our disclaimer.