Calculator
Home Loan Eligibility Calculator
Before you shortlist a property, it helps to know roughly how large a home loan a lender may sanction. Banks decide this mainly from your income using FOIR (Fixed Obligation to Income Ratio) — the share of your monthly income they let go toward all EMIs combined. Many lenders use a FOIR range around 40% to 55%, and some allow higher or lower depending on income, employment type, credit profile, existing obligations, and lender policy. This calculator turns your income, existing EMIs, rate and tenure into an income-based eligibility, and — if you add a property value — also applies a loan-to-value (LTV) cap and shows the lower of the two. Use it to set a realistic budget, not as a sanction.
In shortA home loan eligibility calculator estimates how much housing loan you may qualify for based on your monthly income, existing EMIs, FOIR, interest rate, tenure, and — where applicable — the property value and LTV cap. For example, a ₹1,00,000 monthly income with no existing EMIs, a 50% FOIR, a 9% rate and a 20-year tenure supports a maximum EMI of ₹50,000 and an estimated eligible loan of about ₹55,57,248.
Your take-home monthly income.
Total EMIs you already pay on other loans and cards.
Expected home loan rate offered by the lender.
Loan duration in years.
Share of income allowed toward all EMIs — many lenders use around 40–55%.
Advanced assumptions
Add an earning co-applicant (e.g. spouse) to combine incomes.
Enter to also apply a loan-to-value cap. Leave 0 for income-only.
Guidance only — the actual cap depends on the lender and property.
Leave 0 to ignore. Used to cap tenure by working years left.
Lenders usually want the loan to end by retirement.
Estimated eligibility by tenure
- Estimated eligibility
View tenure breakdown
| Tenure | Estimated eligibility |
|---|---|
| 10y | ₹39,47,085 |
| 15y | ₹49,29,670 |
| 20y | ₹55,57,248 |
| 25y | ₹59,58,081 |
| 30y | ₹62,14,093 |
This is an income-based (FOIR) estimate. Enter a property value in advanced assumptions to also apply a loan-to-value cap and see the lower of the two.
What your result means
- Lenders cap your total EMIs at a share of net income (FOIR) — commonly around 40–55%, varying by lender and income — so this estimate reflects what they may lend, which is not the same as what you should borrow.
- Adding a co-applicant (especially an earning spouse) and choosing a longer tenure both raise the eligible amount.
- You will also need a down payment of ~10–25% (banks fund up to 75–90% of property value), plus stamp duty and registration on top.
How to use this calculator
- Enter your net (take-home) monthly income, and your existing EMIs on other loans and cards.
- Enter the expected interest rate and the tenure you plan to take.
- Set the FOIR your lender uses — around 40–55% is common; some allow higher or lower.
- Open “Advanced assumptions” to add a co-applicant’s income, a property value with an LTV cap, and your age to cap tenure by working years left.
- Read the estimated eligible loan, the maximum affordable EMI, and — if you entered a property value — the property/LTV-based limit and down payment needed.
- Use the “If rate rises” cards as a stress test, and get an in-principle approval from the lender before committing.
The formula
Max affordable EMI = (total monthly income × FOIR%) − existing EMIs (never below 0). Income-based eligibility = EMI × [ (1 + i)ⁿ − 1 ] ÷ [ i × (1 + i)ⁿ ], where i = monthly rate (annual ÷ 12 ÷ 100) and n = months (effective tenure × 12); if i = 0, eligibility = EMI × n. Property-based eligibility = property value × LTV%. Final estimate = the lower of the two when a property value is entered. Effective tenure = min(selected tenure, retirement age − borrower age) when an age is given.
Worked example
On a ₹1,00,000 net monthly income with no existing EMIs, a 9% rate, a 20-year tenure and a 50% FOIR: the maximum affordable EMI is 50% of ₹1,00,000 = ₹50,000. Putting ₹50,000 into the reverse-EMI formula at i = 0.0075 and n = 240 gives an income-based eligibility of ₹55,57,248. Add a ₹15,000 existing EMI and the home-loan EMI capacity drops to ₹35,000, lowering eligibility to about ₹38,90,074. Now suppose the property is worth ₹60,00,000 at an 80% LTV cap: property-based eligibility is ₹48,00,000, so the final estimate becomes the lower figure, ₹48,00,000, needing roughly ₹12,00,000 as down payment plus stamp duty and charges.
Methodology
This calculator estimates home-loan eligibility using FOIR-based EMI capacity and the reverse EMI formula. Maximum affordable EMI = (total monthly income × FOIR%) − existing EMIs, then the largest loan whose EMI equals that amount over the tenure is found with the standard EMI formula solved for principal. If a property value is entered, it also applies a selected loan-to-value (LTV) cap and shows the lower of income-based eligibility and property-value-based eligibility. The result cards, growth chart, breakdown table and worked example are all produced by the same function, so every figure on the page is consistent. The estimate does not guarantee approval and does not include processing fees, stamp duty, registration, legal/valuation charges, insurance, tax rules, exact lender underwriting, floating-rate changes, bureau-level credit checks, or property-title risk.
Why results differ across calculators
- FOIR policy — lenders set their own limit (commonly ~40–55%) and may flex it by income band, employment type, and existing obligations.
- Interest rate and tenure — a lower rate or longer permitted tenure raises eligibility; lenders differ on both, and on the maximum age by which the loan must end.
- Co-applicant treatment — how much of a co-applicant’s or variable income counts varies by lender.
- Credit score and repayment history — a stronger profile (often 750+) may improve the rate and amount offered, but it does not guarantee approval; underwriting is lender-specific.
- Property valuation, legal/title checks and the LTV cap — the lender’s own valuation and risk view can lower the sanctioned amount regardless of income.
When to use it
- Setting a realistic property budget before you start house-hunting.
- Seeing how much more you qualify for after clearing an existing car or personal loan.
- Checking how adding a co-applicant’s income raises your eligible loan amount.
- Comparing income-based eligibility against the property’s LTV cap to size your down payment.