Home Loan Eligibility Calculator

How home loan eligibility works in India

Lenders cap your EMI using FOIR — typically about 50% of net monthly income, after deducting your existing EMIs. The maximum loan is the amount whose EMI fits within that cap at your interest rate and tenure.

The FOIR method

• Max EMI = (net monthly income × FOIR%) − existing EMIs.
• Max loan = the principal whose EMI equals that max EMI at the chosen rate and tenure.
• Total interest = total EMIs over the tenure − loan amount.

Indicative only. Actual eligibility also depends on your CIBIL score, age, employer, property value and co-applicants — confirm with your lender.

Frequently Asked Questions

What is FOIR?

FOIR (Fixed Obligation to Income Ratio) is the share of your net monthly income that lenders allow to go towards EMIs. It is typically around 50% — so your maximum new EMI is about 50% of net income minus your existing EMIs.

How is my maximum loan calculated?

First the max EMI is found from your FOIR and income. Then the EMI formula is inverted to find the largest loan whose EMI fits that cap at the chosen interest rate and tenure: P = EMI × [(1+r)ⁿ − 1] ÷ [r × (1+r)ⁿ].

Should I use gross or net income?

Use net (take-home) monthly income for the FOIR method, since lenders assess affordability against the money that actually reaches your account after tax and deductions.

What else affects eligibility?

Beyond FOIR, lenders weigh your CIBIL score, age, employer category, job stability, property value (LTV) and co-applicants. A higher CIBIL score and a co-applicant can raise the loan you qualify for.

How can I increase my eligibility?

Close or reduce existing EMIs, add a co-applicant (such as a working spouse), opt for a longer tenure, or improve your credit score. Each of these raises the EMI you can afford and therefore the loan amount.