Find out how much home loan you're likely to qualify for, based on your income, existing EMIs, and the lender's repayment capacity norms.
Your Income & Obligations
The Loan
Where your income goes
Loan eligibility by tenure
Eligible EMI = (Net monthly income × FOIR%) − existing EMIs. Loan eligibility is the present value of that eligible EMI at your chosen interest rate and tenure. Lenders use varying FOIR (Fixed Obligation to Income Ratio) norms — typically 40–55% depending on income level, profile, and bank policy — so treat this as an illustrative estimate, not a loan sanction.
Banks and NBFCs primarily assess home loan eligibility using FOIR — Fixed Obligation to Income Ratio — the share of your monthly net income that can go toward all EMIs combined, including the new home loan. Most lenders cap this between 40% and 55% depending on your income slab, employment type, and credit profile, with salaried applicants at higher income levels often getting a higher FOIR allowance than self-employed or lower-income applicants.
Once your "eligible EMI" is determined — net income × FOIR%, minus any existing EMIs — the lender works backward using the loan interest rate and tenure to arrive at the maximum loan amount that EMI can support. A longer tenure or lower rate increases eligibility; existing EMIs (car loans, personal loans, credit card dues) reduce it directly, rupee for rupee.
Eligible EMI = (Monthly Net Income × FOIR%) − Existing Monthly EMIsLoan Eligibility = Eligible EMI × [(1 + r)^n − 1] ÷ [r × (1 + r)^n]Increasing your FOIR assumption, extending tenure, or lowering the interest rate all increase estimated eligibility — but a higher FOIR also means a tighter monthly budget after the EMI, so treat the upper end of any eligibility range cautiously.
| Monthly net income | Typical FOIR allowed |
|---|---|
| Up to ₹25,000 | ~40% |
| ₹25,000 – ₹50,000 | ~45% |
| ₹50,000 – ₹1,00,000 | ~50% |
| Above ₹1,00,000 | ~55%+ (case by case) |
Every rupee of existing EMI directly reduces your eligible EMI for a new home loan — clearing a car loan or personal loan before applying can meaningfully raise eligibility.
Adding a working spouse or family member as a co-applicant combines incomes for eligibility purposes, often substantially increasing the loan amount you can jointly qualify for.
A strong credit score can get you a better interest rate and sometimes a higher FOIR allowance from the lender — both of which directly increase your loan eligibility.
Most lenders allow 40–55% of your net monthly income (minus existing EMIs) to go toward your home loan EMI — this "eligible EMI" is then converted into a loan amount based on your interest rate and tenure.
FOIR (Fixed Obligation to Income Ratio) is the percentage of your net monthly income that lenders allow toward all fixed obligations combined, including EMIs — it's the primary factor banks use to cap how much you can borrow.
Yes. Existing EMIs (car loans, personal loans, credit card minimum dues) are deducted from your eligible EMI before the lender calculates how much home loan you qualify for.
Yes. A longer tenure spreads the same eligible EMI over more months, increasing the loan principal that EMI can support — though it also increases total interest paid.
Yes. Adding a co-applicant with independent income (typically a spouse or close family member) combines both incomes for eligibility, which most lenders factor in when assessing the loan amount.
No. This tool gives an illustrative estimate based on typical FOIR norms. Actual eligibility depends on the lender's specific policy, your credit score, employment type, and documentation — talk to our team for help with real offers.
Our team can pre-check your eligibility across multiple lenders and shortlist properties that fit your real budget.