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Home Loan Eligibility Calculator

The home loan your income supports, from the lender's FOIR, your existing EMIs and the age the loan must end by

Income and the loan

₹1.00 lakh
Car, personal and other loans, a month
Lender policy; ask yours
Lender policy; often 60 for salaried applicants

Lending and deposit conventions — set by Reserve Bank of India. Last verified .

The reducing-balance EMI convention and quarterly compounding on recurring deposits. Interest rates are your input — they are set by individual lenders and banks.

FOIR and the age limit are each lender’s policy, not a regulation; the loan-to-value cap set by RBI is applied separately.

Check the source

Loan the income supports

₹57,61,542

EMI
₹50,000
Tenure
20 years
Total interest
₹62,38,458

The income test only; the property value and credit history also limit the loan.

Income and EMIs, a month

Income, all applicants
₹1,00,000
All EMIs allowed (50%)
₹50,000
Existing EMIs
−₹0
Left for this loan
₹50,000

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How this is calculated

Formula

P = EMI × ((1 + i)ⁿ − 1) ÷ (i × (1 + i)ⁿ)

With your numbers

  1. 1EMI allowedincome × FOIR − existing EMIs₹1,00,000 × 50% − ₹0 = ₹50,000
  2. 2Tenuremin(wanted, 60 − age)min(20, 30) = 20 years
  3. 3Loan₹50,000 a month for 240 months at 8.50% repays ₹57,61,542
Eligible loan₹57,61,542

Frequently Asked Questions

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