Home Loan Eligibility Calculator
Calculate maximum home loan amount based on your income and obligations
Your Details
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Gross monthly salary before deductions
₹
Spouse or co-borrower income
Affects maximum loan tenure (up to age 65)
₹
Total EMI for personal loans, car loans, etc.
% p.a.
years
FOIR (Fixed Obligation to Income Ratio):
Banks typically allow 50-60% of your income for EMI. We use 55%.
Maximum Eligible Loan
₹63,37,696
₹63.38L at 8.5% for 20 years
Monthly EMI
₹55,000
Total Income
₹1,00,000
Income vs EMI Breakdown
Total Monthly Income₹1,00,000
FOIR Limit (55%)₹55,000
Existing EMIs- ₹0
Available for Home Loan₹55,000
Eligible Loan Amount₹63.38L
EMI Utilization
Home Loan EMI₹55,000 (55%)
You're using 55% of your income for EMIs (FOIR limit)
Factors Affecting Eligibility
- •Income: Higher income = higher eligibility. Co-applicant income helps.
- •Age: Younger applicants get longer tenure (up to 30 years).
- •Existing EMIs: Reduces available EMI for home loan.
- •Credit Score: 750+ gets better rates and higher eligibility.
- •Interest Rate: Lower rates = higher eligible loan amount.
- •Tenure: Longer tenure = higher loan but more interest.
Tips to Increase Eligibility
- ✓Add a co-applicant (spouse/parent) to increase combined income
- ✓Close or reduce existing loans before applying
- ✓Improve credit score to 750+ for better rates
- ✓Opt for longer tenure to increase loan amount
- ✓Negotiate for lower interest rates with banks
- ✓Include bonuses and allowances in income proof