Home Loan Eligibility Calculator
Find out roughly how much home loan you qualify for based on your income. Enter your monthly income, any existing EMIs, the interest rate and tenure, and we estimate your eligible loan amount using the FOIR method banks use.
Enter your income, interest rate and tenure to see your eligible loan amount.
Eligible loan amount
₹0
| Net monthly income | ₹0 |
| Affordable EMI (at your FOIR) | ₹0 |
| Existing EMIs | ₹0 |
| Estimated eligible loan | ₹0 |
How home loan eligibility is calculated
When you apply for a home loan, the bank's first question is how much you can comfortably repay each month. It answers this with the FOIR, or Fixed Obligations to Income Ratio — the share of your monthly income that may go towards all loan EMIs put together. Most lenders allow a FOIR of roughly 40% to 55%, sometimes higher for very high earners.
From that limit the bank subtracts your existing EMIs — car loans, personal loans, credit-card instalments — to find how much room is left for a new home loan EMI. That leftover figure is your affordable EMI. The calculator then works backwards from it: given the interest rate and tenure, what loan amount produces exactly that EMI? That amount is your income-based eligibility. In effect it reverses the usual EMI formula.
Two levers move the number the most. A longer tenure lowers the EMI for any given loan, so the same affordable EMI stretches to a bigger loan — at the cost of more total interest. A lower interest rate does the same. Reducing your existing EMIs, for example by closing a small loan before applying, directly frees up FOIR and can lift your eligibility noticeably.
Income is not the only limit, though. Banks also apply a loan-to-value (LTV) cap — typically about 75–90% of the property's value — and look at your credit score, age and job stability. Your final sanctioned loan is the lower of the income-based eligibility shown here and the LTV limit, so treat this as an estimate of the income side rather than a guaranteed sanction.
Use the calculator to see how a longer tenure, a better rate or fewer existing EMIs change what you can borrow, then check the monthly EMI on our EMI calculator to make sure it sits comfortably within your budget. Always confirm the final figure with your lender.
Frequently asked questions
How is home loan eligibility calculated?
Lenders cap your total EMIs at a share of your income, called the FOIR (typically 40–55%). The affordable EMI is that share minus your existing EMIs, and the eligible loan is the amount whose EMI equals it, given the interest rate and tenure.
What is FOIR?
FOIR stands for Fixed Obligations to Income Ratio — the portion of your monthly income that goes towards all loan EMIs. Banks usually allow a FOIR of around 40–55%, so a higher FOIR means a larger eligible loan. This calculator lets you set it.
Do existing EMIs reduce my eligibility?
Yes. Existing EMIs use up part of your FOIR limit, leaving less room for a new home loan EMI. Closing small loans before applying can noticeably increase the amount you qualify for.
Does a longer tenure increase my eligibility?
Yes. A longer tenure lowers the EMI for a given loan amount, so the same affordable EMI supports a larger loan. The trade-off is more total interest paid over the life of the loan.
Is eligibility also limited by the property value?
Yes. Besides income, banks cap the loan at a loan-to-value (LTV) ratio of the property — usually about 75–90%. Your final sanctioned amount is the lower of the income-based eligibility and the LTV limit. This calculator estimates the income-based figure.
This calculator is for general information only and is not a loan offer. Actual eligibility depends on your lender's FOIR policy, credit score, property value (LTV) and other checks. Confirm with your bank before relying on these figures.