Home Loan Eligibility Calculator
See how much home loan you can likely qualify for, based on your income, existing debt, and the loan terms — using the same FOIR method banks use to assess eligibility.
Estimated Loan Eligibility
At 8.5% for 20 years, with EMI up to ₹50,000/month
FOIR (Fixed Obligation to Income Ratio) is the lender's rule of thumb for how much of your income can go toward EMIs. Most banks use 40-60% depending on your income level and credit profile. Your actual eligibility also depends on credit score, age, employment type, and the specific lender's policy — treat this as an estimate to plan around, not a sanction guarantee.
Frequently Asked Questions
How do banks decide home loan eligibility?
Most lenders use FOIR (Fixed Obligation to Income Ratio) — they allow your total EMIs (including the new home loan) to be roughly 40-60% of your net monthly income, depending on your income level, credit score, and the lender's policy.
Why is my eligible loan amount lower than expected?
Existing EMIs (car loans, personal loans, credit card debt) directly reduce how much new EMI — and therefore new loan — you qualify for. Paying off existing debt before applying can meaningfully increase your eligibility.
Does a longer tenure increase eligibility?
Yes. A longer tenure lowers your monthly EMI for the same loan amount, which increases how much principal you can borrow within your affordable EMI. But it also means paying significantly more total interest over the loan's life.
Is this the exact amount a bank will approve?
No — this is an estimate using the FOIR method. Actual approval also depends on your credit score (CIBIL), employment stability, age, co-applicant income, property valuation, and the specific bank's internal policy. Use this to plan, then confirm with lenders directly.