Your Details
₹
₹10K₹5L
₹
₹0₹2L
%
5%18%
yr
1 yr30 yr
%
30%60%
Eligible Home Loan Amount
₹0
at 8.5% for 20 years
Max EMI
₹0
Total Interest
₹0
Total Payable
₹0
Property Budget
With a typical 20% down payment, the property value you can target is:
Estimated property budget
₹0
How Eligibility Is Calculated
Max EMI = (FOIR% × income) − existing EMIs
Loan = Max EMI × [(1+r)ⁿ − 1] ÷ [r(1+r)ⁿ]
Loan = Max EMI × [(1+r)ⁿ − 1] ÷ [r(1+r)ⁿ]
Lenders limit your total EMIs to a fixed share of net income (the FOIR). The loan you qualify for is the one whose EMI equals your spare repayment capacity at the given rate and tenure.
Ways to Increase Eligibility
- →Add a co-applicant — a spouse's or parent's income is clubbed, raising the limit.
- →Close existing loans — fewer EMIs free up FOIR capacity.
- →Choose a longer tenure — lowers EMI and lifts the eligible amount.
- →Improve your credit score — a 750+ score earns lower rates and higher limits.
Frequently Asked Questions
Common questions about home loan eligibility
How is home loan eligibility calculated?
Lenders cap total EMIs at a percentage of net income (FOIR, usually 40–55%). Your maximum EMI is that share minus existing EMIs, and the eligible loan is the amount whose EMI matches it at the given rate and tenure.
How much home loan can I get on ₹50,000 salary?
With ₹50,000 net salary, no existing EMIs, 50% FOIR, 8.5% interest over 20 years, your max EMI is about ₹25,000 — supporting roughly ₹29 lakh of home loan.
What is FOIR in home loan?
FOIR (Fixed Obligation to Income Ratio) is the share of net monthly income that can go toward all EMIs — typically 40–55%. Existing EMIs reduce your remaining capacity.
Does a longer tenure increase eligibility?
Yes. A longer tenure lowers EMI for the same loan, so a larger loan fits the same max EMI. But you pay much more total interest over the life of the loan.
How can I increase my eligibility?
Add a co-applicant's income, close existing loans, choose a longer tenure, improve your credit score, or declare extra income like rent. A bigger down payment also reduces the loan needed.
Is this the exact amount the bank will sanction?
No — it is a close estimate. Final sanction depends on your credit score, employer profile, age, property valuation and the lender's own FOIR and LTV rules. Use it to plan your budget before applying.