Home Loan Eligibility Calculator
Banks don't lend on the house you want — they lend on the EMI you can carry. Find your real borrowing limit in seconds. Free, private, no signup.
Your finances
Car loan, personal loan, credit-card EMIs — everything you already pay.
Banks typically allow 50–60%. Lower is safer.
You can borrow up to
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Max affordable EMI-
Total interest on max loan-
How banks decide your eligibility
Banks don't ask "how much house do you want?" — they ask "how much EMI can you carry?" The rule is the FOIR (fixed-obligations-to-income ratio): your total EMIs, including the new home loan, usually can't cross 50–60% of gross monthly income. This calculator reverses the EMI formula from that affordable EMI to the loan amount it supports.
- Kill existing EMIs first. Every ₹10,000 of existing EMI cuts roughly ₹9–11 lakh off your eligible home loan (at 9%, 20 years). Clearing a car loan before applying can buy you a bigger house.
- Tenure is leverage. Stretching from 15 to 25 years raises eligibility ~25% — but adds years of interest. Borrow what you need, then prepay (see our EMI calculator's prepayment lab).
- Eligibility ≠ approval. Banks also cap the loan at 75–90% of the property's value (LTV) and check your credit score — 750+ gets the best rates. Your actual sanction is the lower of eligibility and LTV.
Co-applicants multiply power
Adding a working spouse as co-applicant combines both incomes for the FOIR test — often the simplest way to qualify for a bigger loan, and it can also earn a small rate concession.
FAQs
What salary do I need for a ₹50 lakh home loan?
At 9% over 20 years, ₹50 lakh means ~₹44,986 EMI. At a 50% FOIR with no other EMIs, you'd need ~₹90,000/month gross income. Use the calculator above with your exact numbers.
Do banks count my spouse's income?
Yes, if they're a co-applicant — both incomes count toward FOIR, and both credit histories are checked.
What credit score do I need?
750+ is the comfort zone for the best rates. Below ~650, expect higher rates or rejection. Check and fix your score months before applying — not days.
Does a longer tenure always help eligibility?
It raises the eligible amount but with diminishing returns past ~20 years, and the extra interest is brutal. Prefer the shortest tenure whose EMI fits comfortably, then prepay.
Is my data sent anywhere?
No. Everything is computed in your browser; nothing leaves your device.
Disclaimer: Estimates for illustration, computed in your browser — no data leaves your device. Actual sanction depends on the bank's FOIR norms, LTV caps, credit score and property valuation. Verify with your lender.