Home Loan Eligibility Calculator
Estimate the maximum home loan you may qualify for from your income, existing EMIs, interest rate and tenure.
How lenders decide
Banks look at your Fixed Obligation to Income Ratio (FOIR): the share of monthly income going to all EMIs. Many lenders allow roughly 40–55% depending on income. The maximum new EMI is income × FOIR − existing EMIs, and the loan size is that EMI converted back to a principal: Loan = EMI × (1 − (1 + r)−n) / r.
Example
With ₹1 lakh income, ₹10,000 of existing EMIs and a 50% limit, the affordable EMI is ₹40,000. At 8.75% over 20 years that supports a loan of about ₹45 lakh. Use the EMI calculator to check the instalment.
Other factors
- Credit score, age, job stability and the property's value (loan-to-value limits) also matter.
- Lenders may count only part of variable pay or rental income.
- Your real approval can be higher or lower than this estimate.
Frequently asked questions
What is a good credit score for a home loan?
A score of 750 or above generally gets better approval chances and rates.
Does a longer tenure raise eligibility?
Yes. A longer tenure lowers the EMI per rupee borrowed, so the eligible amount rises, but total interest paid is higher.
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Last reviewed: October 2026. Results are estimates, not financial advice.