Home Loan Eligibility Calculator — Know Before You Apply
Find out the maximum home loan you qualify for based on your salary, existing EMI obligations, and preferred tenure — using the same FOIR method banks use.
What you'll need
- Net monthly take-home salary
- Existing EMI obligations (car, personal loan, etc.)
- Preferred loan tenure
- Expected interest rate
How It Works
Enter your income
Provide your net monthly take-home salary after all deductions.
Add existing obligations
Include current EMIs for car loans, personal loans, or credit cards.
See your eligibility
Get the maximum loan amount and property price you can afford.
Loan Eligibility by Income (8.75%, 20 years, no existing EMI)
| Net Monthly Income | Max EMI (50%) | Max Loan Eligible | Max Property (~80% LTV) |
|---|---|---|---|
| ₹40,000 | ₹20,000 | ₹20.3L | ₹25.4L |
| ₹75,000 | ₹37,500 | ₹38.1L | ₹47.6L |
| ₹1,00,000 | ₹50,000 | ₹50.8L | ₹63.5L |
| ₹1,50,000 | ₹75,000 | ₹76.2L | ₹95.3L |
Based on standard 50% FOIR rule. Actual eligibility varies by credit score, employer, and bank policy.
Frequently asked questions
How do banks calculate home loan eligibility in India?
Indian banks use the FOIR (Fixed Obligation to Income Ratio) rule. Your total EMI obligations (existing + new loan) should not exceed 50% of net monthly income. Lenders also check credit score (min 700+ preferred), employment stability, LTV, and age.
What is the maximum home loan I can get on a ₹1 lakh salary?
With a ₹1 lakh net monthly salary and no existing EMIs, you can typically get a home loan of approximately ₹50–52 lakh (at 8.75% for 20 years). This is based on the 50% FOIR rule allowing ₹50,000 as the maximum monthly EMI.
Does a higher credit score increase home loan eligibility?
Yes. A CIBIL score above 750 can improve your eligibility and also get you a better interest rate. Some banks offer a 0.1–0.25% rate discount for high credit scores. Scores below 650 may result in rejection.
Can I add a co-applicant to increase my loan eligibility?
Yes. Adding a co-applicant (spouse, parent, or sibling) allows banks to combine both incomes for FOIR calculation, significantly increasing the eligible loan amount. Co-applicants must also be co-owners of the property.
Ready to check your eligibility?
Check My Eligibility →