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Home Loan Eligibility Calculator

Estimate your home loan eligibility

Lenders typically cap your total EMIs (including this new loan) at 40–50% of monthly income. We default to 50% — adjust if your lender uses a different limit.

Estimated maximum loan amount
₹57,61,542Resulting EMI at this loan amount: ₹50,000/month

How this is calculated

Lenders generally cap your total monthly EMIs (existing obligations plus the new loan) at a percentage of your income — the FOIR. We take your income, apply that percentage, subtract any existing EMIs, and work out the largest loan amount whose own EMI fits in what's left, using the same reducing- balance formula as the EMI Calculator, solved for the loan amount instead of the EMI.

This is an estimate for planning purposes, not a loan offer or financial advice — actual eligibility varies by lender and depends on factors this calculator doesn't model, like credit score and employment type.

Frequently asked questions

What is FOIR?
FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income that lenders will let go toward fixed obligations — EMIs, most commonly. Lenders typically cap it at 40–50% of income.
Why does this only give an estimate?
Actual loan eligibility also depends on your credit score, employment type, age, other lender-specific policies, and the property itself — this calculator only models the income-based EMI cap.
What if I have other loans (car, personal, existing home loan)?
Enter their combined monthly EMI in 'Existing monthly EMIs' — lenders count all your obligations together against the same FOIR cap, not just the new loan.
Should I borrow up to my maximum eligibility?
Not necessarily — this is the maximum a lender might offer, not necessarily what's comfortable for your budget. Many buyers borrow less than their maximum eligibility.
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