Home Loan Eligibility Calculator

Lenders decide how much home loan to give you in two ways: how big an EMI your income can carry, and how much of the property’s value the RBI lets them lend. You get the lower of the two.

Add a co-applicant’s income if you will apply jointly.
Lenders usually allow 40% to 60% depending on income.
Results update as you type.

Home loan you may get

₹46,09,234

about 46.09 lakh

EMI on this loan
₹40,000
Most EMI your income allows
₹40,00050% of income minus existing EMIs
Limit from your income
₹46,09,234
RBI limit on this property
₹48,00,00080% of the value
Down payment needed
₹13,90,766

Lenders also look at your credit score, age, job stability and the property itself.

About this calculator

Enter your take-home income, existing EMIs and the share of income lenders allow for EMIs (often 40% to 60%). Add the property value to apply the RBI limits of 90%, 80% or 75%, depending on loan size.

How to use it

  1. Enter your monthly take-home income and existing EMIs.
  2. Enter the share of income the lender allows for EMIs.
  3. Enter the rate, tenure and property value.

The formula

Loan = min(EMI capacity loan, RBI limit); EMI capacity = income × share − existing EMIs
share
the fixed obligation to income ratio (FOIR) the lender allows
RBI limit
90% for loans up to ₹30 lakh, 80% up to ₹75 lakh, 75% above

Worked example

₹1 lakh income, ₹10,000 existing EMIs, ₹60 lakh property

  1. EMI capacity at 50% = 50,000 − 10,000 = ₹40,000.
  2. That repays ₹46,09,234 over 20 years at 8.5%.
  3. The RBI limit on ₹60 lakh is ₹48 lakh, so income is the binding limit: about ₹46.1 lakh.

What the result means

Closing a small loan, adding a co-applicant or choosing a longer tenure all raise eligibility.

Assumptions

  • The rate stays the same over the tenure.

Limitations

  • Credit score, age, job type and the property’s legal status also matter.
  • Stamp duty and registration are not financed and are not part of the property value for the RBI limit.

Frequently asked questions

How much home loan can I get on a ₹50,000 salary?

At 50% FOIR with no other EMIs, about ₹28.8 lakh over 20 years at 8.5%. Enter your figures for an exact estimate.

What is FOIR?

The share of your income that goes to EMIs. Lenders usually keep it between 40% and 60%.

Does a co-applicant increase eligibility?

Yes. Lenders add the co-applicant’s income, which raises the EMI you can carry.

For information only. This calculator gives estimates based on the figures you enter and the assumptions listed above. It is not financial advice. Actual amounts depend on the lender’s or institution’s terms, fees, rounding and rate changes. Please confirm with them before you decide.

Last reviewed on 1 October 2026. Found a mistake? Tell us.