Home Loan Eligibility Calculator
Find the maximum home loan you can qualify for based on your income, existing EMIs. And other lender-specific factors. Using the standard 50% FOIR rule applied by Indian banks.
Methodology. FOIR (Fixed Obligation to Income Ratio) = (existing EMIs + new EMI) / net income × 100. Indian banks typically cap FOIR at 50–60%. Max EMI capacity = (income × FOIR%) – existing EMIs. Max loan amount is the reverse-EMI calculation from this EMI capacity at the given rate and tenure. Banks also apply a 20% down-payment requirement on property value (typically finance 80% LTV). Your eligibility above is the LOAN amount, not the home value you can buy. Property value = eligibility ÷ 0.8.
How banks decide how much to lend
Lenders use two limits and give you the lower of the two:
- FOIR (fixed obligations to income ratio). All your EMIs, including the new home loan, usually must stay within 50% of take-home pay (55–60% for high earners at some banks).
- LTV (loan to value). RBI caps the loan at 90% of the property value up to ₹30 lakh, 80% for ₹30–75 lakh, and 75% above ₹75 lakh. The rest is your down payment.
Worked example
Take-home pay ₹1,00,000 a month with an existing car EMI of ₹10,000. At 50% FOIR the bank allows ₹50,000 of total EMIs, leaving ₹40,000 for the home loan. At 8.5% for 20 years that supports a loan of about ₹46 lakh. Closing the car loan first would lift eligibility to about ₹57.6 lakh.
Ways to increase eligibility
- Add an earning co-applicant — see joint home loans.
- Choose a longer tenure (within your retirement age).
- Close small loans and keep credit card balances low before applying.
- Maintain a credit score above 750 for the best rates.
Eligible is not the same as affordable
Banks lend up to what you can technically repay, not what leaves room for savings. A comfortable target is a home-loan EMI of 30–35% of take-home pay. Our guide on how much home loan you can afford explains the 30% and 5x-income rules, and current rates are in home loan interest rates.
FAQs
Does the bank use gross or net salary?
Most use net take-home pay after statutory deductions for FOIR.
Is variable pay counted?
Usually only partly, averaged over two years of documented payouts.
Are stamp duty and registration included in the loan?
Generally no — budget for them separately with the stamp duty calculator.
Figures last checked October 2026. Calculator results are estimates; actual lender, fund or tax outcomes can differ.