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Home Loan Eligibility Calculator

Find out how much home loan banks may give you on your income, and what house price that fits.

₹

= ₹1,00,000 (1 lakh)

Take-home salary or monthly business income. Add a co-applicant’s income to borrow more.

₹

Car loan, personal loan, credit card EMIs and so on.

%

years

%

Called FOIR. Most banks use 40–60% depending on income.

You can borrow up to

₹57,61,542

57.62 lakh rupees

  • Loan 80%
  • Your down payment 20%
Maximum EMI you can afford
₹50,000
Eligible loan amount
₹57,61,542
Property value you can target
₹72,01,927
Down payment needed
₹14,40,385
Total interest over tenure
₹62,38,458
  • Banks also check your credit score (750+ helps), age, job stability and the property. Stamp duty and registration are extra.

How banks decide how much to lend

Lenders look at two limits and give you the lower one:

  1. What your income can repay. All your EMIs together may use only a share of your monthly take-home pay, called FOIR (fixed obligations to income ratio). Most banks use 40–60%.
  2. How much of the property they may finance. RBI’s loan-to-value limits allow up to 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh.

For example, with take-home pay of ₹1 lakh a month and no other loans, a 50% FOIR allows an EMI of ₹50,000. At 8.5% for 20 years that repays a loan of about ₹57.6 lakh, enough for a home of about ₹72 lakh with a ₹14.4 lakh down payment. If you already pay a ₹15,000 car loan EMI, eligibility falls to about ₹40.3 lakh.

The formula

Maximum EMI = income × FOIR − existing EMIs
Loan = EMI × ((1 + r)n − 1) ÷ (r × (1 + r)n)

r is the monthly interest rate and n the number of months.

How to borrow more

  • Add an earning spouse or parent as co-applicant; their income is counted too.
  • Close small loans and clear credit card balances before applying.
  • Choose a longer tenure (banks usually cap it at retirement age).
  • Keep your credit score above 750 for the best rates.

Frequently asked questions

How do banks decide home loan eligibility?

Banks allow all your EMIs together to take up only a share of your monthly income, called FOIR (usually 40–60%). The loan is the amount that EMI can repay over the tenure, limited by your age, credit score and the property value.

How much home loan can I get on ₹50,000 salary?

With no other loans, a 50% FOIR allows an EMI of ₹25,000. At 8.5% for 20 years that supports a loan of about ₹28.8 lakh.

What is the maximum loan-to-value allowed?

RBI lets banks lend up to 90% of the property value for loans up to ₹30 lakh, 80% for loans of ₹30–75 lakh and 75% above ₹75 lakh. Stamp duty and registration are usually not financed; RBI allows them to be counted in the property value only for homes costing up to ₹10 lakh.

How can I increase my eligibility?

Add an earning co-applicant, close small loans and credit card dues, choose a longer tenure, and keep your credit score above 750.

Last reviewed: 13-10-2026. Rates and rules are checked against official sources; tell us if something has changed. Contact