Home Loan Eligibility Calculator
Estimate the maximum home loan you could qualify for from your income and existing EMIs.
About the Home Loan Eligibility Calculator
Enter your net monthly income, any EMIs you already pay, the lender's FOIR limit, the interest rate and the tenure. The calculator gives the largest EMI the lender would allow and the loan that EMI supports.
Indian lenders use the Fixed Obligation to Income Ratio (FOIR): all EMIs together usually can't exceed 40–60% of net monthly income. Your credit score, age, employer and the property's value (loan-to-value limits of 75–90% under RBI rules) also cap the loan.
The formula
Loan = max EMI × (1 − (1 + i)⁻ⁿ) ÷ i
Worked example
Net income ₹1,00,000 a month, no other EMIs, 50% FOIR, 8.5% for 20 years
- Maximum EMI: ₹50,000
- Eligible loan: about ₹57,61,542
- With an existing ₹10,000 EMI, the maximum EMI drops to ₹40,000
Things to keep in mind
- An estimate: each lender applies its own FOIR, income rules and credit checks.
Questions people ask
How can I borrow more?
Add a co-applicant's income, choose a longer tenure, or close other loans.
What LTV do banks allow?
Up to 90% for loans to ₹30 lakh, 80% to ₹75 lakh and 75% above, per RBI norms.
Is the eligible amount what I should borrow?
Not necessarily: leave room in your budget for savings, emergencies and rate rises on floating loans.