How much home loan can one get on ₹15-20 lakh annual salary?

A person earning ₹15 lakh/annum may qualify for a home loan of around ₹64 lakh at an 8.5% interest rate over 20 years, while someone earning ₹20 lakh could get about ₹1.08 crore, according to Mint. Lenders generally keep total EMI obligations within 40-50% of a borrower's monthly income. Loan eligibility also depends on factors like age and credit score.