Home Loan Eligibility Calculator
See how much home loan you can get on your salary. Applies the lender's FOIR, your age, a co-applicant's income and the RBI loan-to-value limit, and gives you a PDF report.
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We prepare your file, compare offers from banks and housing finance companies, and stay with you until the loan is disbursed.
- Eligibility review and a document checklist for salaried or self-employed applicants
- Offers compared across lenders to get you the best rate you qualify for
- ITRs, financial statements and CMA data prepared for self-employed borrowers
- Application, legal and valuation follow-up through to sanction and disbursement
- Balance transfer of an existing loan to a lower rate
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How much home loan can I get on my salary?
Most banks and housing finance companies let all your EMIs together take up to about half of your net monthly income. With no other loans, a 20-year loan at 8.5% gives roughly 57.6 times your monthly take-home pay. A 30-year tenure lifts that to about 65 times. The table below uses a 50% FOIR and no existing EMIs.
| Net monthly salary | Max EMI (50%) | Loan for 20 years | Loan for 30 years |
|---|---|---|---|
| ₹25,000 | ₹12,500 | ₹14.40 lakh | ₹16.26 lakh |
| ₹30,000 | ₹15,000 | ₹17.28 lakh | ₹19.51 lakh |
| ₹40,000 | ₹20,000 | ₹23.05 lakh | ₹26.01 lakh |
| ₹50,000 | ₹25,000 | ₹28.81 lakh | ₹32.51 lakh |
| ₹60,000 | ₹30,000 | ₹34.57 lakh | ₹39.02 lakh |
| ₹75,000 | ₹37,500 | ₹43.21 lakh | ₹48.77 lakh |
| ₹1,00,000 | ₹50,000 | ₹57.62 lakh | ₹65.03 lakh |
| ₹1,50,000 | ₹75,000 | ₹86.42 lakh | ₹97.54 lakh |
| ₹2,00,000 | ₹1,00,000 | ₹1.15 crore | ₹1.30 crore |
Any existing EMI comes straight off the "Max EMI" column, so a ₹10,000 car loan EMI on a ₹50,000 salary cuts the 20-year figure from ₹28.81 lakh to ₹17.28 lakh. Enter your own numbers in the calculator above for an exact figure.
How the calculator works
- EMI capacity. Combined net income (yours plus the co-applicant's) x FOIR = the most a lender lets you pay in EMIs each month.
- Room for a new EMI. Subtract the EMIs you already pay on car, personal, education or other loans.
- Tenure. The tenure you choose, shortened if needed so the loan ends by the retirement age the lender uses, and never more than 30 years.
- Income-based limit. The loan whose EMI equals that room: Loan = EMI x [1 - (1 + r)-n] / r, where r is the monthly rate and n the number of months.
- Loan-to-value limit. If you enter the property value, the loan is capped at the RBI LTV limit. Your eligibility is the lower of the two limits.
Worked example. Net income ₹1,00,000, existing EMIs ₹10,000, FOIR 50%, 20 years at 8.5%. EMI capacity is ₹50,000 and room for a new EMI is ₹40,000, so the income-based limit is ₹46.09 lakh. On a ₹60 lakh flat the LTV limit is 80%, or ₹48 lakh. Eligibility is therefore ₹46.09 lakh and the down payment is ₹13.91 lakh plus stamp duty and registration.
FOIR: how much of your income can go to EMIs
FOIR (Fixed Obligation to Income Ratio) is the lender's cap on all EMIs as a share of net monthly income. It rises with income because a higher earner has more left over after household expenses. The ranges below are indicative; each lender sets its own.
| Net monthly income | Typical FOIR |
|---|---|
| Up to ₹30,000 | 40% - 50% |
| ₹30,000 - ₹75,000 | 50% - 55% |
| ₹75,000 - ₹2,00,000 | 55% - 60% |
| Above ₹2,00,000 | 60% - 70% |
RBI loan-to-value (LTV) limits on home loans
Even with a high income, a bank cannot lend more than a set share of the property's value. The RBI limit depends on the size of the loan:
| Loan amount | Maximum LTV | Minimum down payment |
|---|---|---|
| Up to ₹30 lakh | 90% | 10% |
| Above ₹30 lakh up to ₹75 lakh | 80% | 20% |
| Above ₹75 lakh | 75% | 25% |
Stamp duty and registration charges are generally not counted in the property value for this purpose, so plan to pay them from your own funds on top of the down payment.
What else lenders check
- Credit score. A CIBIL score of 750 or more usually gets the best rate. A lower score can mean a lower FOIR, a higher rate or a rejection.
- Age and retirement. Salaried borrowers usually have to repay by 60, some lenders allow 65. Self-employed borrowers often get up to 65-70.
- Income proof. Salaried applicants show salary slips, Form 16 and bank statements. Self-employed applicants show two to three years of ITRs with audited financials, and lenders take the income from the ITR, not the bank credits.
- Job and business stability. Most lenders want two to three years of continuous work or business history.
- The property. Clear legal title, an approved plan and the lender's own valuation, which can be lower than the agreement value.
How to increase your home loan eligibility
- Add an earning co-applicant, such as a spouse or parent. Their income is added before FOIR is applied.
- Close or prepay small loans before applying. Every ₹5,000 of EMI removed adds roughly ₹5.8 lakh of eligibility on a 20-year loan at 8.5%.
- Choose a longer tenure if your age allows it. Moving from 20 to 30 years raises eligibility by about 13%.
- Clear credit card dues and avoid new credit enquiries in the months before you apply.
- Self-employed? Declare your full income in your ITR. Lenders can only count what is in the return. Our income tax filing team can help you plan this ahead of a loan application.
Tax benefits on a home loan
Under the old tax regime, interest of up to ₹2 lakh a year on a loan for a self-occupied house is deductible, and principal repayment counts toward the ₹1.5 lakh deduction limit. The new regime does not allow either deduction for a self-occupied house. Read our old vs new regime comparison and check both with the income tax calculator before you decide.
Related loan calculators
- EMI Calculator - monthly EMI and a yearly amortisation schedule for any loan amount.
- Loan Tenure Calculator - how long a loan takes to repay at the EMI you can afford.
- Capital Gains Calculator - tax on selling your current house before buying the next one.
Frequently Asked Questions
About ₹28.8 lakh over 20 years, or ₹32.5 lakh over 30 years, at 8.5% with a 50% FOIR and no existing EMIs. Any current EMI reduces this, and a co-applicant's income increases it.
FOIR (Fixed Obligation to Income Ratio) is the share of your net monthly income that all your EMIs, including the new home loan, may take up. Lenders usually allow 40% to 70% depending on income.
Most lenders apply FOIR to net take-home salary after tax, PF and other deductions. Some use gross income with a lower FOIR. This calculator uses net income.
At least 10% of the property value for loans up to ₹30 lakh, 20% for loans above ₹30 lakh up to ₹75 lakh, and 25% above ₹75 lakh, under RBI loan-to-value limits. Stamp duty and registration are paid on top.
Yes. An earning co-applicant's net income is added to yours before FOIR is applied, and their existing EMIs are deducted. A spouse or parent is the usual co-applicant.
Usually 30 years, but the loan must end by the retirement age the lender uses, often 60 for salaried and up to 65-70 for self-employed borrowers. A 40-year-old salaried borrower therefore gets about 20 years.
Lenders take the average income declared in the last two or three ITRs, add back items such as depreciation, and then apply FOIR. Income not shown in the ITR is generally not counted.
No. It is an estimate to plan your budget. The lender decides the final amount after checking your credit score, documents and its own valuation of the property.