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.

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.

Banks often count only stable salary. Variable pay may be partly considered — use a conservative income figure.

The suggestion uses about 80% loan-to-value. Your bank’s actual LTV and margin money rules may differ.

Estimate how much home loan you may qualify for using income, FOIR, existing EMIs, rate and tenure.

Monthly Income₹1,00,000

₹25,000₹5,00,000

Existing EMIs₹0

₹0₹2,00,000

FOIR / Max EMI of Income50%

30%60%

Banks typically cap total EMIs at 40–50% of net monthly income (FOIR).

Interest Rate (p.a.)8.5%

6%12%

Preferred Tenure20 years

5 years30 years

Eligible Loan Amount

₹57,61,542

Max EMI Capacity₹50,000

FOIR Applied50.0%

Suggested Property (80% LTV)₹72,01,927

Income Left After Max EMI₹50,000

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

Estimate how much home loan you may get from income, FOIR, rate and tenure — before you visit a bank.

Enter monthly income, existing obligations, FOIR limit, interest rate and years. The calculator derives max EMI and loan amount.

Use net take-home and stable income only. Leave a buffer below the bank’s FOIR cap.

Eligibility is indicative. Credit score, employer and property valuation decide the final sanction.

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.