FOIR-based limit
Your new EMI plus existing EMIs must stay within a set share of income, just as banks calculate it.
Income, existing EMIs, age and property value in one check
Home Loan Eligibility CalculatorHow Much Home Loan Can I Get?
Use this free home loan eligibility calculator to estimate the maximum loan you can get based on your income, existing EMIs, age and interest rate. It also applies the RBI loan-to-value limit on your property, shows your down payment and explains how to raise your eligibility.
- FOIR-based eligibility
- Co-applicant income
- Age-based tenure limit
- RBI LTV and down payment
How your eligibility is built
8.5% for 20 yearsYour monthly income split
How the new EMI fits into your household income.Existing EMIs –New home loan EMI –Left for expenses –
Eligibility by tenure
Longer tenures raise the loan amount, up to your age limit.Interest rate sensitivity
How a small rate change moves your eligible loan.| Rate | Eligible loan | EMI |
|---|
Why this tool
A Home Loan Eligibility Check That Works Like a Bank
Banks look at more than income. This calculator follows the same checks lenders use, so your estimate is closer to what you will actually be offered.
Co-applicant income
Add a spouse or parent's income to see how much more you can borrow together.
Age-based tenure cap
Tenure is limited so the loan ends by the usual retirement age, which many calculators ignore.
RBI loan-to-value limit
Enter the property price to apply the LTV cap and see the down payment you need to arrange.
Tenure and rate scenarios
See how eligibility changes across tenures and interest rates, so you can plan the best option.
Private and instant
No PAN, no phone number and no credit check. Everything runs in your browser.
How to use
How to Check Home Loan Eligibility
The result updates as you type, so you can test different incomes, rates and tenures.
Choose your employment type
Salaried and self-employed borrowers usually get different maximum ages.
Enter your income
Add your net monthly income and, if you like, a co-applicant's income.
Add existing EMIs and age
Include car, personal and education loan EMIs, and your current age.
Set rate, tenure and FOIR
Use your lender's rate. Keep FOIR on auto, or set your bank's exact limit.
Add the property value
Enter the price to apply the LTV limit and see your down payment. Then copy the result.
The formula
How Is Home Loan Eligibility Calculated?
Lenders first work out how much EMI you can afford. They multiply your net income by a FOIR limit, usually between 40% and 60%, and subtract the EMIs you already pay.
Next, they turn that EMI into a loan amount using the interest rate and tenure. Finally, the loan cannot exceed the loan-to-value limit on the property.
Worked example
Suppose you earn ₹1,00,000 a month, pay ₹10,000 in existing EMIs and the bank allows a 55% FOIR. Your EMI capacity is ₹55,000 − ₹10,000 = ₹45,000. At 8.5% for 20 years, that supports a loan of about ₹51,85,388.
For a ₹70 lakh home, the LTV limit is 80%, or ₹56 lakh. Since your income-based limit is lower, your eligibility is about ₹51,85,388, and you need roughly ₹18,14,612 as a down payment.
Eligibility formula
Loan = EMI × [(1 + r)n − 1] ÷ [r(1 + r)n]
- EMI: (income × FOIR) − existing EMIs.
- r: monthly interest rate, which is the annual rate ÷ 12 ÷ 100.
- n: tenure in months, capped by your retirement age.
- LTV cap: the loan cannot exceed the RBI limit on the property value.
- Eligibility: the lower of the income limit and the LTV limit.
| Loan amount | Maximum LTV |
|---|---|
| Up to ₹30 lakh | 90% |
| ₹30 lakh to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Quick reference
Home Loan for Every ₹10,000 of EMI
Use this table to estimate eligibility quickly. Multiply the figure by your EMI capacity in tens of thousands.
| Interest rate | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| 8% | ₹10,46,406 | ₹11,95,543 | ₹12,95,645 | ₹13,62,835 |
| 8.5% | ₹10,15,497 | ₹11,52,308 | ₹12,41,886 | ₹13,00,536 |
| 9% | ₹9,85,934 | ₹11,11,450 | ₹11,91,616 | ₹12,42,819 |
| 9.5% | ₹9,57,648 | ₹10,72,810 | ₹11,44,562 | ₹11,89,267 |
Factors
What Affects Your Home Loan Eligibility?
Income and existing EMIs matter most, but lenders also check your credit score, job stability and age. A score of 750 or above usually gets better rates and a smoother approval.
Self-employed borrowers are assessed on average business income from recent tax returns. Meanwhile, the property itself must have clear legal title and approvals.
Tips
How to Increase Home Loan Eligibility
Add an earning co-applicant, close small loans before applying and choose a longer tenure if your age allows. A larger down payment also reduces the loan you need.
In addition, check your credit report for errors and avoid new credit card applications for a few months before you apply.
Remember: the maximum loan is not always the right loan. Keep an EMI you can pay comfortably, even if interest rates rise.
Benefits
Benefits of Using This Calculator
- Know your budget before you visit properties.
- Plan your down payment with real numbers.
- See whether a co-applicant is worth adding.
- Compare offers from banks at different rates.
- Avoid rejections by applying for a realistic amount.
- No credit check, so your score is not affected.
FAQ
Home Loan Eligibility FAQs
Answers to common questions about how much home loan you can get.
How much home loan can I get on my salary?
Banks typically let your total EMIs reach 40% to 60% of net monthly income. For example, with ₹1 lakh a month, no other loans and a 50% limit, you could afford a ₹50,000 EMI, which supports roughly ₹57.6 lakh over 20 years at 8.5%.
What is FOIR in a home loan?
FOIR, or fixed obligation to income ratio, is the share of your income that can go towards all EMIs. Lenders use it to judge whether you can afford a new loan. Higher incomes often get a higher FOIR.
How much down payment do I need for a home loan?
Under RBI rules, banks can lend up to 90% of the property value for loans up to ₹30 lakh, 80% for loans between ₹30 lakh and ₹75 lakh, and 75% above that. So you need at least 10% to 25% as a down payment, plus stamp duty and registration costs.
Does a co-applicant increase home loan eligibility?
Yes. Lenders add the co-applicant's income to yours, which raises your EMI capacity and the loan you can get. Both applicants' credit scores and existing loans are also checked.
What is the maximum tenure for a home loan?
Most lenders offer up to 30 years, but the loan usually has to end by age 60 for salaried borrowers or around 65 for self-employed borrowers. So older applicants get shorter tenures.
What credit score is needed for a home loan?
A score of 750 or above is generally preferred and may get you a lower rate. Lower scores can still qualify, but often at a higher rate or a smaller amount.
Is the eligibility shown here guaranteed?
No. It is an estimate based on common lending rules. Each bank applies its own policy, credit checks and property valuation before approving a loan.
How can I get a higher home loan amount?
Add an earning co-applicant, repay small loans, choose a longer tenure, improve your credit score and compare lenders for a lower rate. Each of these raises the loan you can qualify for.
Start Your Home Search With the Right Budget
Knowing your eligibility helps you shortlist the right homes and negotiate with confidence. Use the home loan eligibility calculator, then plan your EMI in detail.
Check my eligibilityMore home and loan calculators
This home loan eligibility calculator gives an estimate for general information. Actual eligibility depends on the lender's policy, your credit profile, income documents and the property's valuation. Please confirm with your bank or housing finance company.