Home Loan Eligibility Calculator
Enter your income, existing EMIs, and loan terms to see the maximum home loan banks are likely to offer you.
Runs entirely in your browser — your numbers never leave this page.
How it works
Banks decide your loan amount with two guardrails — FOIR (income) and LTV (property value). The lower one binds:
Max EMI = Net monthly income × FOIR − Existing EMIs
Max loan = Max EMI discounted over tenure at the loan rate
- FOIR 40–50%: total EMIs (new + existing) cannot cross this share of net income. Rs 1L income at 45% FOIR with Rs 10k existing EMIs → Rs 35k max home EMI.
- LTV caps: up to Rs 30L → 90% of property value; Rs 30–75L → 80%; above Rs 75L → 75%. A Rs 1 crore flat needs Rs 20–25 lakh down.
- Co-applicants (spouse/parent) add their income to eligibility — the standard way young buyers qualify for more.
- CIBIL 750+ unlocks the best rates; below 700, expect lower eligibility or higher rates.
- Eligibility is the maximum — borrowing the max on a 50% FOIR leaves no buffer. Most planners suggest keeping total EMIs under 35–40%.
Frequently asked questions
How much home loan can I get?
Roughly: (net monthly income × 45% − existing EMIs) converted to a loan at current rates. Rs 1L income, no other EMIs, 9% for 20 years → ~Rs 50 lakh eligible.
What is FOIR?
Fixed Obligation to Income Ratio — the share of your net monthly income allowed for all EMIs combined. Most banks use 40–50%.
Do existing loans reduce my eligibility?
Rupee for rupee. A Rs 15,000 car EMI cuts ~Rs 21 lakh off your eligible home loan (9%, 20 years). Clearing small loans before applying pays off.
Does my spouse's income count?
Yes, as a co-applicant — their net income adds to eligibility, and joint applications often get slightly better rates too.
What CIBIL score do I need?
750+ for the best rates and smooth approval. 700–750 is workable; below 650 expect trouble. Check and fix your report 3–6 months before applying.
What is LTV and how does it limit me?
Loan-to-Value: banks fund max 90% (loans ≤Rs 30L), 80% (Rs 30–75L), 75% (above Rs 75L) of the property value. Even with high income, you need 10–25% down.
Does eligibility guarantee approval?
No — it is the ceiling. Banks still verify employment stability (6+ months, ideally 2+ years), property title legality, and your credit history.
Should I borrow the maximum eligible?
Usually not. Max eligibility at 50% FOIR leaves no buffer for rate hikes or emergencies. Staying under 35–40% total EMIs is the comfortable zone.
How can I increase my eligibility?
Clear existing loans, add a co-applicant, choose a longer tenure (lowers EMI), show higher stable income, or improve your CIBIL score.
Do banks count rental income?
Often yes, with a haircut (50–70% of it) and only with proof — registered rent agreements and bank credits for 6–12 months.