Home Loan Eligibility Calculator

Home loan eligibility is the maximum amount a lender is likely to lend you, based mainly on how much of your monthly income can safely go toward a loan EMI. This calculator estimates that figure in two steps: it works out the largest EMI you can afford from your income and existing obligations, then converts that EMI into a loan amount at your interest rate and tenure. If you enter a property value, it also applies the loan-to-value (LTV) ceiling and tells you which limit is binding. Everything updates live as you type.

The first step uses your FOIR (Fixed Obligation to Income Ratio) — the share of income a lender lets you commit to all EMIs combined:

Max affordable EMI = (income × FOIR%) − existing EMIs

That affordable EMI is then turned into a loan amount with the reverse-EMI formula — the present value of an ordinary annuity, which is the exact inverse of the standard EMI calculation:

Eligible loan = EMI × [(1 + i)ⁿ − 1] ÷ [i × (1 + i)ⁿ]

where i is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months. When the rate is 0%, the eligible loan is simply the affordable EMI multiplied by the number of months.

A borrower earning ₹80,000 a month with no existing EMIs, at a 50% FOIR, can commit ₹40,000 a month to a new home-loan EMI. At 8.5% over 20 years, that EMI supports the following loan:

Income tells you how much you can repay; the LTV ratio limits how much a lender will finance against the property itself. If you add a property value, the calculator caps the loan at property value × LTV% and shows the lower (binding) limit. For example, on a ₹50 lakh property at an 80% LTV, the LTV cap is ₹40,00,000 — below the income-based ₹46,09,234, so the LTV becomes the binding constraint and the final eligible loan is ₹40,00,000.

Because a longer tenure lowers the EMI needed per rupee borrowed, the same affordable EMI stretches to a larger loan as the tenure grows — at the cost of much more total interest. The table shows the eligible loan for a fixed ₹40,000 affordable EMI across common tenures:

The most effective ways to raise the number this calculator shows are: increase the income base (a salary rise, a bonus counted as income, or adding a co-applicant's income), reduce existing EMIs by closing or consolidating other loans, choose a longer tenure, and secure a lower interest rate — often helped by a strong credit score (typically 750+). Each of these widens either the affordable EMI or the loan that EMI can buy.

The table below shows the approximate eligible loan at common income levels using standard FOIR bands, an 8.5% interest rate and a 20-year tenure. These figures are computed by the same engine the calculator uses — enter your actual numbers above for a precise estimate.

Notice that FOIR itself rises with income: banks accept a larger fraction of a higher salary toward EMIs because basic living costs are a smaller share of that income. This is why the eligible loan does not scale linearly with salary. At ₹1 lakh income with a 55% FOIR, the eligible amount is more than double the ₹50k figure despite only a 2× income increase.

The eligibility formula is the same for both salaried and self-employed applicants, but lenders assess income differently for each. For salaried borrowers the base is take-home pay; for self-employed it is net profit from ITR filings — and lenders apply a slightly lower FOIR because declared business income is treated as less predictable than a regular salary.

Lenders cap the tenure so that your last EMI falls before your retirement age — typically 60 for salaried employees and up to 70 for self-employed individuals. Your maximum available tenure is therefore determined by the gap between your current age and that retirement ceiling, subject to the bank's own policy maximum (usually 30 years). A 25-year-old salaried applicant can access up to 30–35 years of tenure; a 50-year-old at the same bank may be limited to 10–15 years. Since a shorter tenure raises the EMI needed per rupee borrowed, applying earlier in your career often increases your eligible amount simply by unlocking a longer tenure.

The tenure table earlier on this page shows how much this matters in practice: the same ₹40,000 affordable EMI supports a loan of roughly ₹32.3 lakh at 10 years and ₹52.0 lakh at 30 years — a substantial difference driven purely by tenure, not income.

Eligibility depends not just on the numbers but on what you can document. Banks verify every income figure before sanctioning a loan, so having your documents ready speeds up approval. The checklist below covers the standard requirements; your lender may ask for additional items depending on the property type or loan size.

FOIR limits and LTV tiers are lender policy and regulatory ceilings, not a guarantee. Real eligibility also depends on your credit history, age and retirement age, employment stability, minimum-income rules and the lender's property valuation. Use this figure to plan and compare — then confirm the actual sanctioned amount with the lender.