FOIR (Fixed Obligation to Income Ratio) is capped at 40–50% by most Indian banks. This means your total monthly EMIs (including home loan) should not exceed 40–50% of gross monthly income.
How much down payment is required for a home loan in India?
Typically 10–20% of the property value. For loans up to ₹30L, banks fund up to 90%. For ₹30L–75L, up to 80%. For above ₹75L, typically 75%. Down payment must be from your own funds.
Can I include spouse income for home loan eligibility?
Yes. Most Indian banks allow joint home loans with co-applicants (spouse, parents, siblings). This can significantly increase your combined FOIR limit and eligible loan amount.
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