Home Loan Eligibility Calculator
Banks decide your home loan amount from the EMI you can afford. They typically allow total EMIs of 40%–55% of net monthly income, after subtracting EMIs you already pay. This calculator works backwards from that limit to the loan amount.
Home Loan Eligibility Calculator
How this calculator works
Affordable EMI = (net monthly income × FOIR %) − existing EMIs. Loan = EMI × ((1 + r)^n − 1) ÷ (r × (1 + r)^n).
- Lenders also cap the loan at a percentage of the property value (loan-to-value), commonly 75%–90%.
- A better credit score can improve both the rate and the sanctioned amount.
- Adding a co-applicant with income usually increases eligibility.
Frequently asked questions
What is FOIR?
FOIR is the fixed obligation to income ratio — the share of your income that lenders allow to go towards all EMIs together. Most lenders use 40%–55% depending on income level and profile.
Does the calculator guarantee approval?
No. It estimates the amount based on income. The bank also checks credit score, job stability, property valuation, legal clearance and existing liabilities.
Disclaimer: results are estimates for planning only. Interest rates, tax slabs and government charges change — confirm the final figure with your bank, employer or the official government portal before you act on it.