Home Loan Eligibility
Check your home loan eligibility based on salary and existing EMIs
Loan & Salary Details
Enter your details and click Check Eligibility
Monthly EMI
—
Total Interest
—
Maximum Loan You're Eligible For
—
How to Use
- Enter your Net Monthly Income (take-home salary after all deductions).
- Enter any Existing EMIs you are currently paying (car loan, personal loan, credit card EMI etc.).
- Enter the Rate of Interest and Desired Loan Tenure.
- Click Calculate — the maximum home loan you qualify for is shown.
How Banks Calculate Loan Eligibility
Banks use the Fixed Obligation to Income Ratio (FOIR) — the total of all EMIs (including the proposed home loan EMI) should not exceed 40–50% of your net monthly income. Some lenders consider gross salary; others take net take-home pay.
Factors That Affect Eligibility
- Income: Higher income = higher eligibility. Co-applicants (spouse, parents) can increase combined income.
- Credit Score (CIBIL): Score above 750 gets the best rates. Below 650, most banks reject outright.
- Age: Younger applicants get longer tenures (up to 30 years), raising eligibility. Banks cap tenure at retirement age.
- Employment type: Salaried employees with 2+ years in the same job get better terms than self-employed.
- Existing liabilities: Every existing EMI reduces eligibility by reducing available FOIR headroom.
Tips to Boost Eligibility
- Pay off existing loans/credit card debt before applying.
- Add a co-applicant with income to pool earning capacity.
- Opt for a longer tenure (20–30 years) to lower EMI and increase eligible loan amount.
- Improve your CIBIL score by paying bills on time for 6–12 months before applying.