Home Loan Eligibility Calculator
How much home loan you can get from your income, existing EMIs, rate and tenure — plus the age, credit-score and LTV limits lenders apply.
Updated 27 September 2026 · 17 lenders trackedAbout this calculator
Lenders size a home loan mainly on how much EMI your income can carry. They cap your total EMIs (existing plus the new loan) at a share of net income called FOIR, then convert that EMI into a loan using the interest rate and tenure. The result is further capped by RBI’s LTV limits and by your age at maturity.
Home Loan Eligibility Calculator
Formula: Max loan = (Net income × FOIR − existing EMIs) × [1 − (1 + r)^−n] ÷ r, where r = monthly rate and n = months.
Loan eligibility by income
| Net monthly income | Max EMI at 50% FOIR | Loan @ 8.5%, 20 yrs | Loan @ 8.5%, 30 yrs |
|---|---|---|---|
| ₹40,000 | ₹20,000 | ₹23,04,617 | ₹26,01,073 |
| ₹60,000 | ₹30,000 | ₹34,56,925 | ₹39,01,609 |
| ₹75,000 | ₹37,500 | ₹43,21,156 | ₹48,77,012 |
| ₹1,00,000 | ₹50,000 | ₹57,61,542 | ₹65,02,682 |
| ₹1,50,000 | ₹75,000 | ₹86,42,313 | ₹97,54,023 |
| ₹2,00,000 | ₹1,00,000 | ₹1,15,23,084 | ₹1,30,05,364 |
Assumes no other EMIs. Existing EMIs reduce the EMI available rupee for rupee. The final loan is also limited by the LTV cap on the property value and your age at maturity.
What lenders check
Total EMIs usually capped at 50% – 60% of net monthly income; higher incomes may get a higher cap.
Tenure is cut so the loan ends by 60 – 75 (e.g. PNB/Canara 70, Bandhan 75, YES 62 salaried).
750+ gets the best pricing; LIC HFL’s 7.15% needs 825+, and 600 – 699 pays up to 9.50%.
Loan cannot exceed 90% / 80% / 75% of value by loan size.
Ways to raise your eligibility
- Add an earning co-applicant (spouse, parent) — their income is added and both can claim tax benefits if co-owners.
- Choose a longer tenure, within the age limit.
- Close small loans and credit-card EMIs before applying.
- Declare all regular income: rent, variable pay, business income shown in ITR.
- Improve your credit score before applying — a lower rate also raises eligibility.
Frequently asked questions
What FOIR do banks use for home loans?
Most lenders allow total EMIs of roughly 50% – 60% of net monthly income, with higher limits for higher earners. Each lender sets its own policy.
Does a co-applicant’s income count?
Yes, if the co-applicant is a close relative (usually spouse or parent) and co-borrower. Most lenders require co-owners to be co-borrowers.
Why is my eligibility lower than the calculator shows?
Lenders may use a lower FOIR, a higher rate for your credit band, a shorter tenure due to age, or a lower property valuation.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.