How this home loan eligibility calculator works
This India home loan eligibility calculator estimates a possible loan amount from your monthly income, existing EMIs, interest rate, tenure and an assumed EMI-capacity ratio. It is a planning tool, not a lender approval decision.
What affects home loan eligibility?
- Monthly and annual income
- Existing debt and monthly EMIs
- Interest rate and requested tenure
- Age, employment profile and lender policy
- Credit history and repayment record
- Property value, down payment and loan-to-value limits
How to use the calculator
- Enter your monthly income.
- Subtract existing EMIs and other obligations through the calculator.
- Choose an interest rate and tenure.
- Adjust the assumed FOIR/EMI-capacity percentage.
- Compare the estimated loan amount with your planned property budget.
Tip: Try several interest rates and tenures. A longer tenure can increase eligibility but may substantially increase total interest.
Frequently asked questions
Is this the exact loan amount a bank will approve?No. Lenders use their own underwriting rules, documentation, credit assessment and property checks.
What is FOIR?FOIR is a lender's way of assessing how much of your income can reasonably go toward fixed obligations and EMIs. The percentage varies by lender and borrower profile.
Important: This calculator provides an indicative estimate only. Interest rates, eligibility criteria and lending policies vary by lender and can change. Verify current terms directly with the relevant bank or housing finance company before making a financial decision.
Suggested sources to cite on the live page: RBI consumer/banking guidance and the lender's current eligibility and rate documentation.