Loans

Home Loan Eligibility Calculator India

Estimate the home loan amount a bank may support from your salary, FOIR, existing EMIs, tenure, LTV, and purchase cash requirement.

Step 1

Income and loan assumptions

FOIR method

Net monthly incomeTake-home salary after PF, tax, and deductions.

Co-applicant incomeSpouse or parent income added to the application.

Existing monthly EMIsCar, personal, card EMI, BNPL, and other continuing obligations.

Interest rateCurrent home loan rate you expect.

TenureLonger tenure raises eligibility but increases total interest.

years

Loan-to-valueBank funding as percentage of property value.

Stamp duty + registrationApproximate transaction cost paid from own funds.

FOIR - EMI share of income

50%

Most banks allow 40% to 55% of net income for all EMIs; high-income borrowers may get more.

Step 2

Your eligibility estimate

20 years

Eligible home loan₹57,61,542Supported by EMI capacity of ₹50,000 at 8.5%.

Property budget₹72,01,927At 80% LTV.

Cash needed₹19,44,520Down payment plus transaction cost.

FOIR after loan50%Existing EMIs plus proposed EMI.

Step 3

FOIR breakup

Bank style check

EMI budget at 50% FOIR₹50,000

Less existing monthly EMIs₹0

EMI available for home loan₹50,000Used

Banks first decide your EMI room, then back-calculate loan amount. Existing EMIs directly reduce eligibility.

Step 4

CA affordability notes

Property cap80% LTVUse 75% for higher-value homes, 80% for mid-value homes, and 90% only where eligible.

Own funds₹19,44,520Keep this outside emergency fund; banks usually do not fund stamp duty and registration.

Scenario table

Eligibility by tenure

₹50,000 EMI capacity

Tenure	EMI used	Eligible loan	Property budget	Cash needed
10 years	₹50,000	₹40,32,723	₹50,40,904	₹13,61,044
15 years	₹50,000	₹50,77,485	₹63,46,856	₹17,13,651
20 years	₹50,000	₹57,61,542	₹72,01,927	₹19,44,520
25 years	₹50,000	₹62,09,428	₹77,61,786	₹20,95,682
30 years	₹50,000	₹65,02,682	₹81,28,353	₹21,94,655

Stress test

Eligibility if rate changes

20 year tenure

Interest rate	Eligible loan	Property budget	Change vs selected rate
7.5%	₹62,06,607	₹77,58,258	+₹4,45,065
8.5%	₹57,61,542	₹72,01,927	+₹0
9.5%	₹53,64,052	₹67,05,065	-₹3,97,490

A 1% rate increase can reduce eligibility even if income is unchanged. Treat the lower-rate row as possible upside, not a promise.

How the bank arrives at this number

Net monthly incomeYour take-home pay

₹1,00,000

Add: co-applicant income

₹0

Household income considered

₹1,00,000

EMI budget at 50% FOIR

₹50,000

Less: existing EMIs

₹0

EMI available for home loan

₹50,000

Loan this EMI supports (8.5%, 20 yrs)

₹57,61,542

Indicative property value at 80% LTVSubject to bank valuation and property policy

₹72,01,927

Own contribution plus transaction costDown payment plus stamp duty and registration estimate

₹19,44,520

Lenders also cap the loan by property value (75%-90% LTV per RBI bands), your age at loan maturity, and credit history. Treat this as the income-side limit.

Understanding home loan eligibility

Banks size a home loan from your repayment capacity, not your wishes: they take net monthly income, allow a fixed share of it for EMIs (FOIR), subtract existing obligations, and back-calculate the loan that EMI supports at the offered rate and tenure.

Eligibility is only one limit. The property value, loan-to-value cap, stamp duty, registration, and your own contribution decide whether the purchase is actually affordable.

The same EMI stretches much further at longer tenures, but the extra interest is substantial. Use the longest tenure to qualify only if you plan to prepay as income grows.

Quick questions

What is FOIR and why does it decide my eligibility?

FOIR (Fixed Obligation to Income Ratio) is the share of your net monthly income a lender allows for all EMIs put together. Most banks use 40%–55%, higher for high salaries. If your income is ₹1 lakh and FOIR is 50%, all your EMIs together must stay within ₹50,000.

How can I increase my home loan eligibility?

Add an earning co-applicant (spouse or parent), choose a longer tenure, close existing personal loan and credit card EMIs, and declare all income including rental and bonus. A co-applicant is usually the single biggest jump.

Does my CIBIL score change the amount?

Score mainly decides approval and interest rate rather than the formula amount. Most lenders want 700–750+; a higher score can fetch a rate 0.25%–0.5% lower, which itself raises eligibility slightly.

How much down payment will I need?

RBI caps loan-to-value at 90% for homes up to ₹30 lakh, 80% up to ₹75 lakh, and 75% above that. Plan roughly 10%–25% of property price from your own funds, plus stamp duty and registration which loans usually do not cover.

Is this the amount the bank will sanction?

It is a close planning estimate using the standard FOIR method. Actual sanction depends on the lender's income assessment, property valuation, credit history, age, and employer category.