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Home Loan Eligibility

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Check your home loan eligibility based on salary and existing EMIs

₹80 thousand
₹
₹
Car, personal or other loan EMIs you already pay.
%
Most banks allow 40% to 50% of take-home pay, a bit more for high incomes.
₹30 lakh
₹
%
Tenure in
years
Maximum loan you're eligible for
₹46,09,234
Forty Six Lakh Nine Thousand Two Hundred Thirty Four Rupees
All EMIs up to 50% of your salary (FOIR)
Monthly EMI
₹26,035/ month
for the desired loan
Total interest
₹32,48,328
EMI you can afford
₹40,000/ month
after your existing EMIs
All EMIs / salary
33%
with the desired loan (FOIR)
You qualify for the desired loan amount at this FOIR.
Banks also look at your age, credit score and the property value (they usually lend up to 75% to 90% of it), so the final offer can differ.

Runs entirely in your browser. Nothing you type or upload is sent to us or stored.

Results are estimates, not financial advice. Rates, charges and rules change, so confirm with your bank, post office or a financial adviser before you decide. Terms of use

How to Use

  1. Enter your Monthly in-hand salary (take-home pay after all deductions) and any Existing EMI obligations you already pay (car loan, personal loan, credit card EMI etc.).
  2. Set the Share of salary for all EMIs (FOIR). It starts at 50%, what most banks allow; move the slider to see a stricter or a more generous bank.
  3. Enter the Desired loan amount, the Rate of interest and the Loan tenure (in years or months).
  4. The maximum loan you're eligible for, the EMI on your desired loan and whether you qualify all update as you type.
  5. Check All EMIs / salary to see how much of your pay the desired loan would take. Download a pdf to take to the bank.

How banks work out your loan eligibility

Banks look at your fixed obligation to income ratio (FOIR). All your EMIs put together, including the new home loan EMI, shouldn't go over 40–50% of your net monthly income. Some lenders go by gross salary, others by take-home pay. Say you take home ₹80,000 and already pay a ₹10,000 car EMI. At a 50% FOIR, a bank would leave ₹30,000 a month for the home loan EMI. This home loan eligibility calculator is more generous: it allows a new EMI of up to 60% of the salary left after your existing EMIs, which here is 60% of ₹70,000, or ₹42,000. It then turns that EMI into the largest loan you can get, so treat its answer as an upper limit.

What affects your eligibility

  • Income: the more you earn, the more you can borrow. A co-applicant (spouse or parent) adds their income to yours.
  • Credit score (CIBIL): above 750 gets you the best rates. Below 650, most banks say no straight away.
  • Age: younger applicants can get longer tenures, up to 30 years, which raises the loan amount. Banks won't let the loan run past retirement age.
  • Employment type: salaried people with 2 or more years in the same job get better terms than the self-employed.
  • Existing loans: every EMI you already pay uses up part of your FOIR, so it lowers what you can borrow.

How to improve your eligibility

  • Pay off existing loans and credit card dues before you apply.
  • Add an earning co-applicant so the bank counts both incomes.
  • Choose a longer tenure (20–30 years). The EMI drops, so the loan you qualify for goes up.
  • Pay every bill on time for 6–12 months before applying to lift your CIBIL score.