Home Loan Eligibility Calculator
Estimate how much home loan you may qualify for using income, FOIR, existing EMIs, rate and tenure.
Income & Loan Assumptions
Banks typically cap total EMIs at 40–50% of net monthly income (FOIR).
Eligible Loan Amount
₹57,61,542
Month-by-month principal, interest and outstanding balance (240 EMIs).
Tenure
240 mo
Total Principal
₹57,61,542
Total Interest
₹62,38,458
Total Payment
₹1,20,00,000
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹50,000 | ₹9,189 | ₹40,811 | ₹57,52,353 |
| 2 | ₹50,000 | ₹9,254 | ₹40,746 | ₹57,43,099 |
| 3 | ₹50,000 | ₹9,320 | ₹40,680 | ₹57,33,779 |
| 4 | ₹50,000 | ₹9,386 | ₹40,614 | ₹57,24,393 |
| 5 | ₹50,000 | ₹9,452 | ₹40,548 | ₹57,14,941 |
| 6 | ₹50,000 | ₹9,519 | ₹40,481 | ₹57,05,422 |
| 7 | ₹50,000 | ₹9,587 | ₹40,413 | ₹56,95,835 |
| 8 | ₹50,000 | ₹9,654 | ₹40,346 | ₹56,86,181 |
| 9 | ₹50,000 | ₹9,723 | ₹40,277 | ₹56,76,458 |
| 10 | ₹50,000 | ₹9,792 | ₹40,208 | ₹56,66,666 |
| 11 | ₹50,000 | ₹9,861 | ₹40,139 | ₹56,56,805 |
| 12 | ₹50,000 | ₹9,931 | ₹40,069 | ₹56,46,874 |
About Home Loan Eligibility Calculator
Estimate how much home loan you may get from income, existing EMIs, FOIR, rate and tenure — before you visit a bank. This is an eligibility illustration, not a sanction letter.
What banks usually look at
Lenders weigh net income stability, existing obligations, credit score, age, and property technicals. FOIR (fixed obligation to income ratio) caps how much of income can go to EMIs — often cited around 40–50%, varying by bank and profile.
How this calculator works
Enter monthly income, existing obligations, FOIR limit, interest rate and years. The tool derives a max EMI and indicative loan amount. Use net take-home and stable income only.
Eligibility vs affordability
You might be eligible for more than you should borrow. Cross-check with Home Affordability, EMI, Stamp Duty and Prepayment tools. Leave buffer below the FOIR cap.
Limitations
Credit score, employer category, LTV and property valuation decide the final offer. Fees and floating resets are outside this estimate.
Related tools
Related learning guides
Frequently Asked Questions
- How do banks decide home loan eligibility?
- Lenders look at income, existing EMIs, credit score, FOIR (fixed obligation to income ratio), age, and property value.
- What is FOIR?
- FOIR is the share of income that can go to EMIs. Many banks cap total EMIs around 40–50% of net monthly income.
- Is the eligible amount a guaranteed sanction?
- No. This is an estimate. Final sanction depends on underwriting, documents, CIBIL, and property technical checks.
- Should I include bonuses in monthly income?
- Banks often count only stable salary. Variable pay may be partly considered — use a conservative income figure.
- What LTV does the suggested property value assume?
- The suggestion uses about 80% loan-to-value. Your bank’s actual LTV and margin money rules may differ.