Home Loan Eligibility
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Eligibility Inputs
How much loan can you actually get?
Other loans you're already paying
Banks allow 40-65% based on profile
Home Loan Eligibility
₹40,33,079
At 50% FOIR for 20 years
Max EMI
₹35,000
Property Value
₹50,41,349
Down Payment
₹10,08,270
What This Means
Property buying power based on your eligibility
You Can Afford a Property Worth
₹50,41,349
Assuming 80% loan + 20% down payment
You Need to Save For Down Payment
₹10,08,270
Plus stamp duty (5-7%) and registration costs
Insight
Banks will approve up to ₹40,33,079. To increase eligibility, you can: add a co-applicant (1.5-2x), increase tenure, or pay off existing loans.
Pro Tip
- •FOIR (Fixed Obligation to Income Ratio): Banks allow 40-65% of income for EMIs.
- •Higher credit score (750+) = better interest rates and higher eligibility.
- •Joint loans (with spouse) increase eligibility 1.5x-2x.
- •Plan for 20-25% down payment + 7-10% extra for registration/stamp duty.
What is Home Loan Eligibility?
Home Loan Eligibility tells you the maximum loan amount a bank will offer based on your income, existing EMIs, and ability to repay. Banks use FOIR (Fixed Obligation to Income Ratio) to ensure you don't get over-leveraged. Most banks allow 40-65% of your income to go toward EMIs, including any existing loans.
How to Use
- 1Enter your monthly net income (after tax)
- 2Add existing EMIs (other loans you're paying)
- 3Set desired loan tenure
- 4Set the interest rate
- 5Adjust FOIR (banks typically allow 40-50%)
- 6See your maximum loan and property value
Formula
Max EMI = (Income × FOIR%) − Existing EMIs
Loan Amount = EMI × [(1+R)^N − 1] / [R × (1+R)^N]Frequently Asked Questions
Add a co-applicant (spouse increases by 1.5-2x). Pay off existing loans. Improve credit score to 750+. Choose longer tenure (more years = lower EMI = higher loan). Show additional income (rental, side business).