Loan Intelligence

Home Loan Eligibility Calculator — Know Your Limit Before You Apply

Estimate the maximum home loan you qualify for based on your income, existing EMIs, and the FOIR norms Indian banks actually use.

Check My Eligibility
Based on FOIR (Fixed Obligation to Income Ratio) — the same norm banks use
Accounts for your existing EMI obligations, not just gross income
Adjustable FOIR cap to match different lenders' policies
Instant eligible loan amount at your chosen rate and tenure

How it's calculated

1
Enter your monthly income and existing EMIs
Input your net monthly income and any EMIs you're already paying on other loans.
2
We apply the FOIR cap
Most banks cap total EMI obligations, including the new loan, at 40-50% of your net monthly income.
3
Calculate your available EMI room
We subtract your existing EMIs from the FOIR-based ceiling to find how much new EMI you can take on.
4
Get your eligible loan amount
Using your chosen interest rate and tenure, we convert your available EMI into a maximum loan amount.

Benchmarks we use

40-50%
Typical FOIR cap used by Indian banks
Most lenders cap total EMI obligations, including the new loan, within this range of net monthly income.
75-90%
Typical Loan-to-Value (LTV) ratio
Banks usually finance only this percentage of the property value — the rest must come as your down payment.
750+
CIBIL score for better eligibility
A higher credit score can help you access a higher FOIR cap or a better interest rate from lenders.

Frequently Asked Questions

How do banks decide home loan eligibility?
Banks primarily use FOIR — Fixed Obligation to Income Ratio — capping your total EMI outflow (including the new loan) at typically 40-50% of net monthly income, alongside credit score and employment type.
Does my existing EMI reduce my home loan eligibility?
Yes. Any existing EMIs — car loans, personal loans, credit card EMIs — count against the FOIR cap, reducing how much new EMI (and therefore loan amount) you can qualify for.
Can a higher CIBIL score increase my eligibility?
A credit score above 750 can help you get a higher FOIR cap or a better interest rate from some lenders, though this varies by bank policy.
Is this a loan approval or offer?
No. This is an estimate based on standard FOIR norms. Actual bank sanction depends on your credit score, employment type, property valuation, and individual lender policy.

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