Home Loan Eligibility Calculator 2026
How much loan you can get based on your income and existing obligations
₹
₹20,000₹10.00 L
₹
₹0₹5.00 L
%
30%70%
%
6%15%
Yrs
1 Yr30 Yrs
₹
₹0₹5.00 Cr
- You're eligible for a loan of
- ₹57.62 L
- at 8.5% over 20 years.
- Max affordable EMI
- ₹50,000/mo
- + Your contribution
- ₹10.00 L
- Property you can afford
- ₹67.62 L
Loan vs Down payment
- Loan eligible
- ₹57.62 L
- Own contribution
- ₹10.00 L
To buy a property worth ₹67.62 L at the 80% LTV cap that applies to this loan size, you'll need a down payment of at least ₹13.52 L.
Your current own contribution is below 20% of the target property value. Either increase your down payment or aim for a property up to ₹50.00 L (capped by the applicable RBI LTV limit: 90% up to ₹30L, 80% to ₹75L, 75% above).
Formulas
Standard Formula
E = max(0, F × I − X); L = E × [(1 + r)^n − 1] / [r × (1 + r)^n]
Live Calculation (Plugging Your Values)
Net monthly income (I):₹1.00 L
FOIR (F):50%
Existing EMIs (X):₹0
Max affordable EMI (E):₹50,000
Monthly interest rate (r):8.5/1200
Total months (n):240
Substituted Equation:
E = max(0, ₹1.00 L × 50% − ₹0) = ₹50,000; L = ₹50,000 × [(1 + 8.5/1200)^240 − 1] / [8.5/1200 × (1 + 8.5/1200)^240]
Eligible loan amount:₹57.62 L
r = monthly rate = annual rate ÷ 1200 (÷ 12 months, ÷ 100)
n = total months
At 0% interest, L = E × n
About Home Loan Eligibility
Banks decide your home loan amount mainly through the FOIR rule (Fixed Obligation to Income Ratio). They allow your total monthly EMIs — across all loans — to be at most a fixed percentage of your in-hand income, typically 40–60%. Higher income earners may go up to 65–70%.
Your maximum affordable EMI = (FOIR × net income) − existing EMIs. From that EMI, the loan amount is derived using the standard EMI formula in reverse.
Other factors banks check
- Credit score (CIBIL): 750+ gets best rates; below 650 may face rejection.
- Age: loan tenure usually capped so loan ends by retirement (60–65).
- Job stability: ≥2 years with current employer typically expected.
- LTV cap: banks lend max ~75–90% of property value (varies by loan size).
- Co-applicant: adding spouse's income can significantly raise eligibility.
Home Loan Eligibility FAQs
How do Indian banks calculate home loan eligibility?
Banks start with FOIR, the share of your net monthly income that all EMIs together may consume. It is income-dependent: typically 40% to 50% for lower and middle incomes, rising to 55% to 60% for high earners above roughly Rs 1.5 lakh net a month, because a larger absolute surplus is left over after living costs. On top of FOIR the bank checks age, which caps tenure, your CIBIL score, where 750 and above gets the best pricing, and the RBI loan-to-value limit on the property.
How can I increase my home loan eligibility amount?
You can increase eligibility by adding a co-applicant (working spouse/parent), choosing a longer loan tenure (e.g. 25-30 years), clearing existing credit card debts/personal loans, and improving your CIBIL score.
How is eligibility judged differently for self-employed applicants?
Salaried applicants are assessed on net take-home from three to six months of salary slips and bank statements. Self-employed applicants are assessed on the last two to three years of ITRs, and banks work off net profit after depreciation, not turnover, then average two or three years to smooth a good year. Depreciation and some non-cash charges are usually added back. Expect a slightly higher rate, about 0.25% to 0.50%, and a demand for GST returns and a CA-certified balance sheet.
Does variable pay, rental income or a co-applicant salary count towards eligibility?
All three count, but with a haircut. Most banks take 50% of variable pay, bonus or incentives, and only if it has been consistent for two years in Form 16. Rental income is counted at 70% to 75% against a registered leave-and-licence agreement. A co-applicant salary is added fully, but the co-applicant must be a spouse, parent or child, must be on the property papers to claim tax benefit, and their existing EMIs get added to the pool as well.
What CIBIL score do banks actually require, and what happens between 700 and 750?
Above 750 gets you the published card rate and quick approval. Between 700 and 750 you will usually still get sanctioned, but priced 0.25% to 0.50% higher, sometimes with a lower loan-to-value or a demand for a co-applicant. On a Rs 50 lakh, 20-year loan, 0.50% extra is roughly Rs 1,600 a month and about Rs 3.8 lakh over the tenure. Below 700 most public sector banks decline and you are pushed towards housing finance companies at 10% or more.
How does my age limit the tenure I can get?
The loan must close by retirement, which banks take as 60 for salaried and 65 to 70 for self-employed. At 30 a salaried applicant gets the full 30 years; at 45 the same person is capped near 15 years, and a shorter tenure raises the EMI and cuts eligibility sharply. On Rs 50 lakh at 8.5% the EMI is about Rs 43,400 over 20 years but Rs 49,237 over 15. Adding a younger earning co-applicant is the usual way to restore tenure.
Why was my sanction lower than the property value?
Two separate caps apply and the bank gives you the smaller one. The income cap comes from FOIR. The RBI loan-to-value cap depends on loan size: up to 90% for loans up to Rs 30 lakh, 80% for Rs 30 lakh to Rs 75 lakh, and 75% above Rs 75 lakh. LTV is also computed on the bank valuation, not your agreement value, and excludes stamp duty and registration. On a Rs 1 crore flat the LTV cap alone stops at Rs 75 lakh, so budget the rest from your own funds.
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