t is the standard practice of banks to cap the EMI at 45% of the gross monthly income. This, however, is just a broad figure. The EMI also depends on a host of non-income factors such as other loans, dependents in the family, etc. So, if there are dependents and if you are already servicing a loan, the bank may lower the EMI to 30% of your gross monthly income. But, for people whose income base is small, even 35% can ..