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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.
Educational calculators — always consult a licensed professional before making financial decisions.
Enter your take-home salary after tax deductions.
Include car loans, personal loans, credit card dues, etc. Enter 0 if none.
Longer tenure increases your eligible loan amount.
Standard tenure. Good eligibility.
Current floating home loan rates are around 8.5%–9.5%.
Maximum Loan Eligible
₹42.43 L
Based on 50% FOIR rule at your income level
Based on
How banks decide
Indian banks use the FOIR (Fixed Obligation to Income Ratio) rule — your total EMI obligations (existing + new) should not exceed 50% of your net income. Lenders also consider credit score, employer category, and LTV ratio.
This is an estimate based on standard FOIR guidelines. Actual eligibility depends on your credit score, employment type, bank policies, and property location. Consult your bank for a formal sanction.
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What you'll need
- ·Net monthly take-home salary
- ·Existing EMI obligations (car, personal loan, etc.)
- ·Preferred loan tenure
- ·Expected interest rate
What you'll get
- ✓Maximum loan amount — Based on the FOIR method banks use
- ✓Eligible EMI — Maximum monthly EMI you qualify for
- ✓Income breakdown — How existing obligations affect eligibility
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.
About this calculator
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.
Want to try different numbers?
Back to the calculator ↑Home Loan Eligibility Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.