Personal FinanceIndividual

Home Loan Eligibility Calculator

Estimate the maximum home loan you'd qualify for based on income, existing EMIs and FOIR.

Your inputs
1,50,000

Banks typically cap total EMIs at 50–60% of net income

Result
EMI you can service
₹75,000
Eligible loan amount
₹86,42,313
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Reviewed by CA team

Estimates only — rules change frequently. Please verify with a CA before you file, invest, or sign anything.

Assumptions
  • FOIR (Fixed Obligation to Income Ratio) is the bank's cap on total EMI as % of net income.
  • Banks may apply additional margin (typically 20%) on property value as LTV cap.
Monthly income split
How this is calculated
Reviewed by CA team
Available EMI = max(0, income × FOIR% − existing EMIs)
Eligible loan = PV of an annuity at rate r over n months
  = EMI × ((1 + r)^n − 1) / (r × (1 + r)^n)
  r = rate ÷ 12 ÷ 100, n = years × 12
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