Check Your Eligibility
Know your loan limit.
Income
Enter net monthly income.
Obligations
Enter current EMI payments.
Details
Set interest rate and tenure.
Result
See maximum loan amount you may get.
What does this tool do?
How much home loan can you afford? Banks look at your income and existing obligations. This calculator estimates your maximum home eligibility based on standard FOIR (Fixed Obligation to Income Ratio) norms.
Frequently Asked Questions
What is FOIR?
Fixed Obligation to Income Ratio - % of salary used for EMIs.
Does tenure affect eligibility?
Yes, longer tenure increases eligibility.
Co-applicant benefit?
Adding a working spouse increases eligible amount.
Home Loan Eligibility Calculator
This calculator estimates the maximum home loan amount you can get from banks in India. It analyzes your income, existing EMIs, and loan tenure using standard FOIR (Fixed Obligation to Income Ratio) norms to give you a realistic eligibility figure.
Checking your eligibility before house hunting prevents loan rejection and financial stress.
What determines eligibility?
Banks look at your Repayment Capacity. They ensure that after paying the new Home Loan EMI + Existing EMIs, you still have enough income left for living expenses.
Understanding FOIR
FOIR (Fixed Obligation to Income Ratio) is the % of your monthly income that banks allow for loan repayments.
Standard Norms
- Net Income < ₹50k40-50% FOIR
- Net Income ₹50k - ₹1L50-60% FOIR
- Net Income > ₹1LUp to 65% FOIR
How to Increase Eligibility
- Add Co-Applicant: Clubbing income with spouse increases loan capacity.
- Clear Existing Loans: Reducing current EMIs improves FOIR.
- Increase Tenure: Longer tenure reduces EMI, qualifying you for a higher amount.