Home Loan Eligibility Calculator
How much home loan your income supports — FOIR logic, existing-EMI impact and eligibility boosters.
Formula
Disclaimer: Indicative math — lender policies, state charges and market rents vary. Verify locally; not financial advice.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need home loan eligibility calculator results fast? Skip the spreadsheet and get a clear, defensible answer in one step — free, private and instant, recalculating live as you change any input.
About Home Loan Eligibility Calculator
Banks size home loans by one ratio before anything else: FOIR (fixed obligations to income) — typically 50% of net monthly income may go toward ALL EMIs combined. The defaults show the mechanics: ₹1 lakh income at 50% FOIR minus a ₹10,000 car EMI leaves ₹40,000 of EMI capacity, reverse-amortizing to roughly ₹46 lakh of loan and a ₹57 lakh property at 80% LTV. Every existing obligation eats eligibility at this leverage: that ₹10,000 car EMI costs ₹11.5 lakh of home-loan room — why closing small loans before applying is the highest-yield eligibility booster. Other levers banks honor: a co-applicant's income (spouse co-borrowing routinely doubles eligibility and adds stamp-duty/tax benefits in many states), longer tenures (each extra 5 years adds ~12-15% eligibility), and your credit score band (750+ unlocks both better FOIR treatment and rates). Eligibility ≠ affordability: banks lend to 50% FOIR; financial planners breathe at 35-40%, leaving room for maintenance, investing and life. Run the bank's number here, then deliberately buy below it — the difference between approved-stretched and comfortably-housed is about one slab of restraint. And get a pre-approved sanction before house-hunting: sellers discount certainty, and you negotiate as a cash-adjacent buyer.
How to use Home Loan Eligibility Calculator
- 1Enter Net monthly income, Existing EMIs, Bank's FOIR cap (%), Interest rate (%), Tenure (years) into the Home Loan Eligibility Calculator.
- 2The result is computed automatically using EMI capacity = income × FOIR − existing EMIs ; eligible loan = EMI capacity reverse-amortized over the tenure — there is no button to press; it updates live as you type.
- 3Change any input to model a different scenario, then use “Copy result link” to share the exact numbers.
Why use Home Loan Eligibility Calculator?
- ✓Computes home loan eligibility calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter are never uploaded or stored
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
₹50,000 salary par kitna home loan milega?+
50% FOIR par ₹25,000 EMI room (koi aur EMI na ho) → 8.5%/20-saal par ~₹28.8 lakh ka loan, ~₹36 lakh ki property (80% LTV). Co-applicant spouse ki ₹30,000 income jud jaye to eligibility ~₹46 lakh ho jaati hai. Existing EMIs sabse bade killer hain — ₹5,000 ki EMI ~₹5.7 lakh kha jaati hai.
Eligibility badhane ke sabse tez tareeke kya hain?+
Order me: (1) chhote loans band karo (har ₹1,000 EMI ≈ ₹1.15 lakh eligibility); (2) co-applicant jodo — working spouse standard hai; (3) tenure max karo (25-30 saal) — EMI room wahi, loan zyada; (4) score 750+ le jao; (5) variable/bonus income ke liye 2-saal ka ITR-trail dikhao. Sab milakar 50-80% ka uplift aam hai.
Bank ne jitna approve kiya utna lena chahiye?+
Nahi — bank ka 50% FOIR unki recovery-comfort hai, aapki life ka budget nahi. 35-40% par ruko: maintenance (₹3-5/sqft/month), property tax, society charges, aur SIP-jaari-rakhna sab EMI ke bahar chahiye. Thumb rule: jo EMI aaj tang kare woh increment ke baad bhi tang hi karti hai — lifestyle saath badhta hai.
Self-employed ki eligibility kaise ginti hai?+
ITR-driven: 2-3 saal ke average declared profit par FOIR lagta hai (cash income ginti nahi — yahi sabse badi practical dikkat). Boosters: business vintage 3+ saal, GST returns banking se match, current account ka achha average balance. Kam declared income walon ke liye LAP ya higher-margin (zyada down payment) route khulta hai — rates thode upar.
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