Home loan eligibility calculator
Home loan eligibility calculator: enter your salary, existing EMIs, interest rate and tenure. See the maximum home loan you qualify for using bank FOIR rules.
Home loan eligibility
How Indian banks decide eligibility
Fixed Obligation to Income Ratio (FOIR) is the central tool. A bank caps your total EMI exposure as a percentage of monthly take-home. On top of FOIR, the bank checks CIBIL score (750+ preferred), employment stability (2+ years in current job), loan-to-value limits (RBI-mandated), and the property\'s legal status.
The FOIR tiers in detail
| Monthly take-home | FOIR cap | Available EMI (no other debt) |
|---|---|---|
| Up to Rs 25,000 | 40% | up to Rs 10,000 |
| Rs 25,001 - Rs 50,000 | 45% | up to Rs 22,500 |
| Rs 50,001 - Rs 1,00,000 | 50% | up to Rs 50,000 |
| Rs 1,00,001 - Rs 2,00,000 | 55% | up to Rs 1,10,000 |
| Above Rs 2,00,000 | 60% | up to 60% of salary |
How to maximise eligibility (legally)
- Add a co-applicant. Spouse, parent or sibling with regular income. Their income adds to the base.
- Close small EMI commitments first. A Rs 5,000 credit card EMI reduces eligibility by about Rs 6 lakh. Pay it off before applying.
- Increase tenure. Going from 15 to 25 years increases eligibility by 25-30%, though total interest rises.
- Request a lower rate. Each 50 basis point rate reduction increases your eligible loan by 5-6%.
- Fix your CIBIL to 780+. Pay credit card bills in full on time, keep utilisation under 30%, close zombie cards you do not use.
What to do after this calculator
Use the number as your target budget ceiling. Then do three things: get formal pre-approvals from SBI + HDFC + ICICI (free, no obligation, 48-72 hour turnaround), check your CIBIL at cibil.com, and use our EMI calculator to simulate the monthly outflow at different loan sizes. Then house-hunt within that envelope.
Related guides
Home loan eligibility calculator · frequently asked
Banks compute Fixed Obligation to Income Ratio (FOIR), typically 40 to 60% of monthly net salary depending on income bracket. Minus existing EMI commitments. The remaining EMI capacity is reverse-engineered through the EMI formula to arrive at a maximum loan amount at the quoted interest rate and tenure.
Standard tiers: up to Rs 25,000 salary, FOIR 40%. Rs 25,000 to Rs 50,000, 45%. Rs 50,000 to Rs 1 lakh, 50%. Rs 1 lakh to Rs 2 lakh, 55%. Above Rs 2 lakh, 60%. SBI, HDFC, ICICI are at these levels; some NBFCs stretch to 65% for premium customers.
At Rs 50,000 net monthly salary, FOIR 45% gives Rs 22,500 EMI capacity. At 8.5% for 20 years, that supports a loan of approximately Rs 26 lakh. Add a co-applicant income to significantly boost eligibility.
At Rs 1 lakh net monthly salary, FOIR 50% gives Rs 50,000 EMI capacity. At 8.5% for 20 years, that supports a loan of approximately Rs 58 lakh. Add Rs 15-20 lakh of savings for down payment plus closing costs to buy a Rs 75-80 lakh property.
Yes. Any monthly EMI, including credit card EMIs (not just the minimum due but the full EMI on a converted purchase), is subtracted from your eligible EMI capacity. If you have Rs 15,000 of other EMIs on a Rs 1 lakh salary, your available EMI capacity drops from Rs 50k to Rs 35k.
Yes. A co-applicant's income is added to the main applicant's income for FOIR calculation. If both earn Rs 80,000, combined Rs 1.6 lakh triggers the 55% FOIR tier, giving Rs 88,000 of EMI capacity vs Rs 36,000 for a single Rs 80k applicant.
Banks prefer CIBIL 750 or above for best rate approval. 700-749 gets approval at 15 to 30 basis point premium. Below 700 you may still qualify at smaller NBFCs with higher rates and lower LTV. Check your score free at cibil.com before applying.
This calculator uses standard mid-market FOIR assumptions. Individual banks may stretch (for premium relationship customers) or compress (for first-time borrowers, high EMI commitments, below-750 CIBIL). Always get formal pre-approvals from 2-3 banks before committing to a property.