Property Tools

Home Loan Eligibility Calculator

Get an indicative idea of how much home loan you may qualify for, based on your income, age, employment type and existing EMI obligations.

Your details

Indicative loan eligibility

₹45,26,368

Eligible EMI

₹40,000

Capped tenure

20 yr

FOIR used

50%

Suggested budget

₹56,57,960

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Note: This is an indicative estimate using a standard FOIR formula. The actual loan amount sanctioned depends on the lender's policy, your credit score, employer category, and property valuation.

Frequently asked questions

How is home loan eligibility calculated?

Most Indian lenders use FOIR (Fixed Obligation to Income Ratio): a percentage of your monthly income, minus existing EMIs, that can go toward a new loan EMI. We use 50% for salaried and 45% for self-employed as a typical baseline.

Does my age affect eligibility?

Yes. Lenders cap the loan tenure so it ends before retirement (commonly age 60). If you are 50 and apply for a 25-year loan, the tenure will usually be capped at around 10 years, which lowers the eligible loan amount.

Will the bank actually sanction this amount?

Not necessarily. The actual sanctioned amount depends on your CIBIL score, employer profile, property valuation, lender policy, and your relationship with the bank. Treat this as a starting estimate.

Can I borrow more by adding a co-applicant?

Yes. Adding a spouse or parent as co-applicant combines incomes and typically increases eligibility. To estimate that, simply add both incomes in the income field.