Home Loan Eligibility Calculator
Estimate the home loan you could be approved for. Enter your monthly income, existing EMIs and a comfortable FOIR to see your eligible EMI and the maximum loan amount at your chosen tenure.
How to use the Home Loan Eligibility Calculator
Enter your monthly net income — the salary actually credited to your account.
Add any other EMIs you already pay each month, such as a car or personal loan.
Set a FOIR your lender would accept, along with the rate and tenure.
See your eligible EMI, the maximum loan amount and a safer figure at 40% FOIR.
Frequently asked questions
How much home loan can I get?
Banks usually allow total EMIs of up to 50% of your monthly net income, known as the FOIR. Subtract your existing EMIs from that limit and the balance can be repaid as a home loan EMI.
What is FOIR?
Fixed Obligation to Income Ratio is the share of your monthly income that goes towards all loan EMIs. Lenders typically accept a FOIR of 40% to 55% depending on your income and credit profile.
Does a higher tenure increase my eligibility?
Yes. Stretching the tenure lowers the EMI for the same loan amount, so you can borrow more for the same FOIR. However, a longer tenure means you pay more interest overall.