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Home loan eligibility calculator

Banks decide how much to lend mainly from one ratio: the share of your take-home pay that can go to EMIs, old and new. Enter your income, your current EMIs and the loan terms to see the loan amount that ratio supports, and what the property value allows under RBI’s caps.

By FinancePaisa Editorial Team · Research & editorialUpdated
₹

Add a co-applicant’s take-home pay if you are applying jointly.

₹

Car, personal and education loans, and any card EMIs.

Share of income the bank allows for all EMIs (FOIR)
%
years
₹

Adds RBI’s loan-to-value cap: 90% for loans up to ₹30 lakh, 80% up to ₹75 lakh, 75% above.

You could borrow about₹57.62 lakhEMI ₹50,000 a month for 20 years at 8.5%
EMI room left₹50,000
Limit set by income₹57.62 lakh

What this means

At 50% FOIR, a bank would let all your EMIs add up to ₹50,000 a month.

Choosing 15 years instead of 20 lowers the amount to about ₹50.77 lakh.

Banks also weigh your age, credit score and employer, so the sanctioned amount can differ. See the eligibility guide.

How banks work out your eligibility

Lenders cap your total EMIs, including the new home loan, at a share of your net monthly income called FOIR (fixed obligations to income ratio). Most banks use 45–55%, higher for larger incomes. The EMI left over after your existing loans is then converted into a loan amount at the bank’s rate and your chosen tenure. On a take-home pay of ₹1,00,000 at 50% FOIR, 8.5% and 20 years, the EMI room is ₹50,000, which supports about ₹57.62 lakh. If you already pay a ₹10,000 car loan EMI, the room falls to ₹40,000 and the loan to about ₹46.09 lakh.

Loan amount by salary

At 50% FOIR, 8.5% interest, 20 years, no other EMIs:

  • ₹50,000

    EMI room
    ₹25,000
    Loan it supports
    ₹28.81 lakh

  • ₹75,000

    EMI room
    ₹37,500
    Loan it supports
    ₹43.21 lakh

  • ₹1,00,000

    EMI room
    ₹50,000
    Loan it supports
    ₹57.62 lakh

  • ₹1,50,000

    EMI room
    ₹75,000
    Loan it supports
    ₹86.42 lakh

  • ₹2,00,000

    EMI room
    ₹1,00,000
    Loan it supports
    ₹115.23 lakh

A longer tenure raises the amount

Same ₹1,00,000 take-home pay at 50% FOIR and 8.5%. Banks also require the loan to end by an age limit (often 60–70), which can shorten the tenure they allow.

  • 15 years

    Loan it supports
    ₹50.77 lakh

  • 20 years

    Loan it supports
    ₹57.62 lakh

  • 25 years

    Loan it supports
    ₹62.09 lakh

  • 30 years

    Loan it supports
    ₹65.03 lakh

The property value sets a second limit

RBI caps home loans at a share of the property’s value: 90% for loans up to ₹30 lakh, 80% for loans above ₹30 lakh up to ₹75 lakh, and 75% above that. You pay the rest as a down payment, along with stamp duty and registration, which banks do not fund.

  • ₹25.00 lakh

    Largest loan
    ₹22.50 lakh
    Share of value
    90%

  • ₹50.00 lakh

    Largest loan
    ₹40.00 lakh
    Share of value
    80%

  • ₹100.00 lakh

    Largest loan
    ₹75.00 lakh
    Share of value
    75%

Ways to raise your eligibility

  • Add an earning co-applicant: their income counts towards FOIR.
  • Close small loans or card EMIs before applying; each rupee of EMI removed frees about the same rupee for the home loan EMI.
  • Choose a longer tenure, then prepay when you can.
  • Keep your credit score above 750, which gets you better rates and more room.

Frequently asked questions

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Home loan eligibility criteriaHome loan EMI calculatorHome loan interest ratesJoint home loanCredit score needed for a home loan

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