Archive · 11 Oct 2026
Buying a ₹1 Crore Home: Salary Needed for Comfortable EMIs
Buying a ₹1 crore home usually means paying some money upfront and borrowing the rest.
With a ₹20 lakh down payment, the example in the article uses an ₹80 lakh loan.
At 8% interest over 20 years, the monthly payment would be about ₹66,900.
The article says a take-home salary of around ₹2.23 lakh a month may be needed to keep that payment near 30% of income.
A shorter loan has bigger monthly payments but usually costs less in interest overall.
A longer loan lowers the monthly payment but means paying interest for more time.
Buyers also need money for charges, furnishing and upkeep, not just the loan payment.
They should keep emergency savings and make sure the payment leaves room for everyday needs and other goals.
With a ₹20 lakh down payment, a buyer would need an ₹80 lakh home loan for a ₹1 crore property.
At an illustrative 8% annual interest rate, the EMI is about ₹66,900 for 20 years.
For that 20-year loan, the article estimates a take-home salary of about ₹2.23 lakh monthly at a 30% EMI-to-income ratio.
An ₹80 lakh loan’s estimated monthly EMI ranges from ₹76,500 over 15 years to ₹58,700 over 30 years.
Buyers should also budget for purchase costs and maintain savings; a lender’s loan approval does not necessarily mean the EMI is comfortable.
- Who
- People considering buying a ₹1 crore home, with affordability guidance from Sanjiv Bajaj of Bajaj Capital.
- What
- An illustrative estimate of the salary and loan repayments needed to afford the home comfortably.
- Where
- India
- Why
- To help prospective buyers assess whether loan repayments and other home-buying costs fit their budgets.
Lower monthly payments
Lower total borrowing cost
Choosing a loan tenure
Lower monthly payments
A longer tenure lowers the monthly EMI and offers more room in the monthly budget.
Lower total borrowing cost
A shorter tenure raises the monthly EMI but repays the loan sooner and reduces the overall interest burden.
- Example property price
- ₹1 crore
- Illustrative down payment
- ₹20 lakh (20%)
- Illustrative loan amount
- ₹80 lakh
- Assumed annual interest rate
- 8%, held constant for the calculations
- 20-year EMI
- Approximately ₹66,900 per month
- Estimated salary for 20-year example
- Approximately ₹2.23 lakh monthly take-home at a 30% EMI-to-income ratio
- Estimated total interest over 20 years
- Around ₹81 lakh, assuming the rate remains unchanged
- Suggested EMI-to-income range
- Keep the home-loan EMI within 25–30% of monthly take-home income, according to Sanjiv Bajaj.