🏠 Home Loan Eligibility Calculator

Based on your income and obligations, estimate the maximum home loan you can get from Indian banks.

⚠️ Important Disclaimer — Please Read
  • Estimate Only, Not a Loan Offer: This calculator provides a mathematical estimate based on standard FOIR norms. It is NOT a loan pre-approval, sanction letter, or commitment from any bank or financial institution.
  • Credit Score Not Considered: Actual loan approval depends heavily on your CIBIL/credit score (750+ recommended), employment type, and income stability — none of which are factored here.
  • Bank Policies Vary: Different banks apply different FOIR limits, LTV ratios, and underwriting criteria. This tool uses general market norms as a reference only.
  • Not Financial Advice: This tool is for educational purposes only and does not constitute financial, legal, or mortgage advice. Consult your bank or a certified mortgage advisor for an accurate assessment.
All calculations are performed locally in your browser. No personal data is sent to any server.
FOIR Limit — Banks allow 40–50% of net income as total EMI
%
Yr
Maximum Loan Eligibility
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estimate only — subject to bank approval & credit score
Max EMI Allowed —
Available EMI —
Affordable Property Value —
Down Payment Needed (20%) —
Total Interest Payable: —
Monthly Income Allocation

How Banks Calculate Home Loan Eligibility in India

Banks use the FOIR (Fixed Obligation to Income Ratio) method. Most banks allow total EMIs of up to 40–50% of your net monthly income. Your new home loan's EMI must fit within the remaining headroom after existing EMIs.

Max Allowed EMI = Net Income × FOIR%
Available EMI = Max Allowed EMI − Existing EMIs
Max Loan = Available EMI × [(1+r)n − 1] / [r × (1+r)n]

Frequently Asked Questions

What CIBIL score do I need for a home loan?

Most banks require a CIBIL score of 750+ for the best rates. Scores between 650–749 may still get approved but at higher rates. Below 650, approval is difficult. This calculator does not account for credit score.

Does adding a co-applicant increase eligibility?

Yes. Banks combine the income of co-applicants (usually spouse). Add both net incomes together in the calculator to see the combined eligible loan amount.

How much down payment do I need?

RBI mandates a minimum 20% down payment (LTV ratio of 80%). For properties above ₹75L, banks may require 25–30% down. This calculator assumes 20%.

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