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Omozing Answers › Loans and EMIs › By salary
Written by the Omozing Credit Team · Figures calculated with the standard reducing-balance EMI formula · Updated October 2026
The method is the usual one: take the lender’s FOIR limit, subtract the EMIs you already pay, and size the loan on what is left. Existing EMIs below are shown as 0%, 10% and 20% of take-home (₹0, ₹7,500 and ₹15,000 a month). How FOIR works.
| FOIR limit · existing EMIs | EMI room | 11%, 24 months | 11%, 36 months | 14%, 24 months | 14%, 36 months |
|---|---|---|---|---|---|
| 40% · none | ₹30,000 | ₹6,43,000 | ₹9,16,000 | ₹6,24,000 | ₹8,77,000 |
| 40% · ₹7,500 (10%) | ₹22,500 | ₹4,82,000 | ₹6,87,000 | ₹4,68,000 | ₹6,58,000 |
| 40% · ₹15,000 (20%) | ₹15,000 | ₹3,21,000 | ₹4,58,000 | ₹3,12,000 | ₹4,38,000 |
| 50% · none | ₹37,500 | ₹8,04,000 | ₹11,45,000 | ₹7,81,000 | ₹10,97,000 |
| 50% · ₹7,500 (10%) | ₹30,000 | ₹6,43,000 | ₹9,16,000 | ₹6,24,000 | ₹8,77,000 |
| 50% · ₹15,000 (20%) | ₹22,500 | ₹4,82,000 | ₹6,87,000 | ₹4,68,000 | ₹6,58,000 |
Illustrative assumptions: FOIR of 40% or 50% of take-home; example rates of 11% and 14% a year (not an offer; Omozing’s rates start from 11% a year); tenures of 24 and 36 months. Rounded down to the nearest ₹1,000. Actual amounts depend on a full credit assessment.
Coming up from a ₹50,000 salary, the extra ₹25,000 a month adds about ₹3.8 lakh of borrowing room at 50% FOIR, 11% and 36 months. See all bands side by side on personal loan by salary.
At ₹75,000, many people are a few years from buying a flat. A home-loan lender will run the same FOIR sum you see above, and any personal-loan EMI still running on the day you apply comes straight off the room available for the home-loan EMI. Here is a ₹75,000 take-home at a 50% FOIR limit:
Bars drawn to scale; full width is ₹37,500. Assumes no other EMIs and a 50% FOIR limit. Rates are examples, not an offer. Home-loan lenders set their own FOIR rules.
The trade-off is between size and timing. A 24-month loan takes a bigger bite now but is gone sooner; a 36-month loan is lighter each month but may still be running when you apply for the home loan. Neither is wrong. What matters is whether the personal loan will be closed, or nearly so, on the day the home-loan lender looks.
If the home loan may come sooner than planned, keep the personal loan smaller, or prepay part of it when a bonus arrives. Prepayment terms differ between lenders, so check them in your Key Fact Statement before you sign. And in the months before the home-loan application, avoid new cards or loan applications: a cluster of fresh enquiries is one more thing for the lender to ask about.
The processing fee matters at this size too. At Omozing it is 3%–7% plus GST and usually deducted at disbursal: on ₹5 lakh, a 3% fee is ₹15,000 plus ₹2,700 GST.
Salaried, credit score from 600, loans up to ₹25 lakh with tenures from 3 to 36 months, so you can pick one that ends before your home-loan plans. Two documents, rates from 11% a year.
Possibly, if you have no other EMIs and the lender allows 50% FOIR over 36 months: the illustrative maximum is about ₹11.45 lakh at 11%. At 40% FOIR it falls to about ₹9.16 lakh.
While it is running, yes, by the size of its EMI. Once it is repaid and shows as closed on your report, it no longer counts against your EMI room.
If you need both, a short personal loan that ends before the home-loan application usually keeps your options widest. Taking it after the home loan means both EMIs must fit within your FOIR together.
Many people aim to keep all EMIs together nearer 30%–40% of take-home, which is ₹22,500–₹30,000, leaving room for savings toward a down payment.
Yes. A co-applicant’s income is added to yours, which raises the EMI room. If the same person will co-borrow on your home loan, remember the loan shows on their report too.
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