Other things you should know:
Besides these, for professionals, banks may go up to 60%-70% FOIR, and at the same time, for business men, banks are usually reluctant to go beyond 40% FOIR, provided the risk involved in the business, the number of years the business has been around etc.
All banks have a minimum income criteria, as decided internally for different categories. While the minimum eligibility criteria for a comfortable profile like that of a government employee is lesser, banks keep it higher for a business man.
It is always recommended to check your loan eligibility prior to approaching a bank with application. This will save your time, as well as keep you away, last minutes surprises in the form of rejection or a lesser loan amount than you expected. Online loan calculators can help you to check your loan eligibility before approaching the bank.
In case your home loan gets rejected despite all your homework, you know whom to blame. Prakash Chadda. Just kidding!