What Is a Home Loan Eligibility Calculator?
A home loan eligibility calculator estimates the maximum loan amount a bank will approve, based on your income, existing EMIs, age, and the lender's FOIR limit.
Banks do not lend against the property value alone. A credit team checks whether your monthly income can absorb the EMI on top of your current obligations, then works backward to a loan amount.
This calculator runs the same math banks use. The number you see here should land close to what SBI, HDFC, or ICICI would quote you.
"Home loan eligibility calculator", "housing loan eligibility calculator", and "mortgage eligibility calculator" all mean the same thing in India: how much a bank will lend you before you have picked a property.
Weighing a car loan or personal loan alongside the home loan? The general-purpose Loan Eligibility Calculator runs the same FOIR logic across loan types. Eligibility is not the same as an EMI quote, a distinction covered further down this page.
Home Loan Eligibility Formula (FOIR Method)
Banks calculate eligibility using the Fixed Obligation to Income Ratio (FOIR), the share of your gross monthly income that can go toward EMIs. The loan amount is then reverse-calculated from that EMI capacity.
Step 1: Calculate Max EMI Capacity
Max EMI = (Monthly Income × FOIR%) - Existing EMIsStep 2: Reverse Calculate Loan Amount
Loan Amount = Max EMI × [ (1+r)^n - 1 ] / [ r × (1+r)^n ](Where r = monthly interest rate, n = tenure in months)
Worked example: Rs 75,000 salary, Rs 8,000 existing EMI, 50% FOIR, 8.5% for 20 years
Most banks set FOIR between 50% and 60% for salaried applicants. Track your overall debt load with the Debt-to-Income Ratio Calculator before you approach a lender.
Home Loan Eligibility by Salary (No Existing EMIs)
The table below shows eligible loan amounts across salary brackets at 8.5% interest, 20-year tenure, and 50% FOIR, with no existing EMIs.
| Net Monthly Salary | Max EMI Capacity (50%) | Eligible Loan (Approx) |
|---|---|---|
| Rs 15,000 | Rs 7,500 | Rs 8,64,231 |
| Rs 20,000 | Rs 10,000 | Rs 11,52,308 |
| Rs 30,000 | Rs 15,000 | Rs 17,28,463 |
| Rs 40,000 | Rs 20,000 | Rs 23,04,617 |
| Rs 50,000 | Rs 25,000 | Rs 28,80,771 |
| Rs 60,000 | Rs 30,000 | Rs 34,56,925 |
| Rs 70,000 | Rs 35,000 | Rs 40,33,079 |
| Rs 75,000 | Rs 37,500 | Rs 43,21,156 |
| Rs 80,000 | Rs 40,000 | Rs 46,09,234 |
| Rs 1,00,000 | Rs 50,000 | Rs 57,61,542 |
| Rs 1,50,000 | Rs 75,000 | Rs 86,42,313 |
| Rs 2,00,000 | Rs 1,00,000 | Rs 1,15,23,084 |
These figures assume no existing EMIs. Once you have a real eligible loan number from the calculator above, run it through the Home Loan EMI Calculator to see the exact monthly payment and the full year-by-year amortization schedule.
Home Loan Eligibility by Bank: FOIR, Tenure and CIBIL Norms
FOIR limits are not identical across lenders. Public sector banks tend to be more conservative. Private banks and housing finance companies stretch further for high-income or high-CIBIL applicants.
The table below is a typical-range guide, not a published guarantee from any bank.
| Bank / Lender | Typical FOIR Range | Max Tenure | Min CIBIL for Best Rate |
|---|---|---|---|
| SBI | 50% - 60% | 30 yrs | 750 |
| HDFC Bank | 55% - 65% | 30 yrs | 750 |
| ICICI Bank | 50% - 55% | 30 yrs | 750 |
| Axis Bank | 50% - 60% | 30 yrs | 750 |
| Kotak Mahindra Bank | 50% - 60% | 25 yrs | 750 |
| Bank of Baroda | 50% - 55% | 30 yrs | 750 |
| Punjab National Bank | 50% - 55% | 30 yrs | 750 |
| LIC Housing Finance | 50% - 60% | 30 yrs | 700 |
| Canara Bank | 50% - 55% | 30 yrs | 750 |
| Union Bank of India | 50% - 55% | 30 yrs | 750 |
The live bank comparison table above the article uses the current headline rate for each of these lenders to compute your eligible loan directly. The FOIR figures here explain why two banks can quote different eligible amounts for the exact same salary.
SBI Home Loan Calculator
Check the exact EMI at SBI's current EBLR rate once you know what you qualify for.
How a Joint Applicant Increases Eligibility
Adding a co-applicant, typically a spouse, parent, or working child who will be a co-owner, is the fastest way to raise eligibility. The bank combines both incomes before applying the FOIR limit.
| Applicant Setup | Combined Income | Eligible Loan |
|---|---|---|
| Solo applicant (Rs 60,000 salary) | Rs 60,000 | Rs 34,56,925 |
| + Spouse earning Rs 40,000 | Rs 1,00,000 | Rs 57,61,542 |
| + Parent earning Rs 25,000 | Rs 85,000 | Rs 48,97,311 |
Adding the spouse's Rs 40,000 income in this example lifts eligibility by 66.7%, from Rs 34.57 lakh to Rs 57.62 lakh. Most banks also give a 0.05% rate concession when a woman is the primary applicant or co-applicant, which nudges eligibility up further.
SBI Home Loan Eligibility
SBI publishes among the most transparent eligibility criteria of any Indian lender. It offers tenures up to 30 years, capped at age 70 at loan maturity.
SBI uses a tiered FOIR that rises with income:
The SBI Home Loan Calculator has SBI's current EBLR-linked rate pre-filled, so you can check the exact EMI on any amount you are eligible for.
HDFC Bank Home Loan Eligibility
HDFC Bank runs a wider FOIR band than most public banks, often 55% to 65% for high-income salaried applicants. It also counts income sources several public banks ignore.
ICICI Bank and Axis Bank sit closer to SBI's FOIR range, typically 50% to 60%, though both give a modest boost to applicants with a salary above Rs 1 lakh and a strong credit history.
Home Loan Eligibility Calculator for Self-Employed Applicants
Self-employed applicants do not have a fixed salary slip. Banks substitute the average net profit from the last two to three years of Income Tax Returns instead.
That annual figure is divided by 12 to get a monthly equivalent income. FOIR is then applied as usual, typically 40% to 50%, a few points lower than for salaried applicants.
Worked example: average annual net profit Rs 9,00,000, FOIR 45%, 8.5% for 20 years
Banks also want GST returns for the same period and CA-certified financial statements. A profit that fluctuates sharply year to year, or a business under two years old, usually gets a more conservative FOIR.
Run your ITR-based numbers through the Income Tax Calculator first. The profit figure banks use is the post-tax net profit reported in your return.
Credit Score and Home Loan Eligibility
Your CIBIL score does not change the FOIR percentage. It changes the interest rate you are offered, and a higher rate quietly shrinks the loan a given EMI can support.
The table below holds income at Rs 80,000, FOIR at 50%, and tenure at 20 years. Only the rate changes by CIBIL band.
| CIBIL Score Band | Typical Rate | Eligible Loan |
|---|---|---|
| 750 and above | 8.35% | Rs 46,60,088 |
| 700 - 749 | 8.60% | Rs 45,75,807 |
| 650 - 699 | 9.25% | Rs 43,67,447 |
| Below 650 (NBFC only) | 11.00% | Rs 38,75,262 |
The gap between a 750+ score and a sub-650 score is Rs 7.85 lakh of eligibility on the same income and EMI capacity in this example. Most mainstream banks decline applications below 650 outright; those applicants typically go to a housing finance company (HFC) at a materially higher rate.
NRI Home Loan Eligibility
Non-Resident Indians can borrow in India to buy or construct property. The eligibility math is just more conservative than for resident applicants.
Foreign salary is converted to INR at a cautious exchange rate. FOIR is generally capped at 40% to 50% to account for the applicant's cost of living abroad.
An NRI earning the equivalent of Rs 1,50,000 a month at 45% FOIR, 8.5% for 20 years, has roughly Rs 67,500 in EMI capacity and qualifies for close to Rs 77.7 lakh, before accounting for the more conservative LTV cap on the property itself.
How Age and Loan Tenure Affect Eligibility
Banks cap loan tenure so the loan closes by a set retirement age, usually 60 for salaried applicants and 65 to 70 for self-employed applicants. A shorter tenure raises the EMI for the same loan amount, which lowers how much you can borrow within your FOIR limit.
| Age | Max Tenure | Eligible Loan |
|---|---|---|
| 25 years | 30 years | Rs 39,01,609 |
| 30 years | 30 years | Rs 39,01,609 |
| 35 years | 25 years | Rs 37,25,657 |
| 40 years | 20 years | Rs 34,56,925 |
| 45 years | 15 years | Rs 30,46,491 |
| 50 years | 10 years | Rs 24,19,634 |
| 55 years | 5 years | Rs 14,62,235 |
A 25-year-old and a 30-year-old land on the same eligible amount here because both can still take the full 30-year maximum tenure most lenders offer. Past 30, every five years of age costs roughly Rs 4-6 lakh of eligibility on this income, since the tenure keeps shrinking toward the retirement cap.
Documents Required to Check Home Loan Eligibility
Banks ask for different proof depending on whether you are salaried or self-employed. Having these ready before you apply speeds up formal approval once the calculator has told you your likely range.
| Salaried Applicants | Self-Employed Applicants |
|---|---|
| PAN and Aadhaar | PAN and Aadhaar |
| Last 3 months' salary slips | ITR for the last 3 years |
| Form 16 for the last 2 years | GST returns for the last 2 years |
| 6 months' bank statements | 6 months' business and personal bank statements |
| Employment continuity proof | CA-certified profit and loss statement, balance sheet |
| Property documents (agreement, title chain) | Business registration and address proof |
If annual rent paid by the property seller or any co-applicant exceeds Rs 1 lakh, the landlord's PAN is also required as part of KYC. Missing even one document is the most common reason a sanctioned-in-principle offer slips past its original timeline.
Home Loan Eligibility vs Home Loan EMI: What Is the Difference?
Eligibility answers a question you ask before choosing a property: how much will a bank lend me. An EMI calculator answers a question you ask after you have a loan amount and a rate: what will I pay every month.
People searching for these two terms are often at different stages of the same decision. Already know the loan amount and rate you want to test? The Home Loan EMI Calculator gives you the monthly payment and full amortization schedule directly.
Do not yet know how much you can borrow? This page is the right starting point.
Home Loan EMI Calculator
Enter your eligible loan amount to see the exact monthly payment and full amortization schedule.
Common Mistakes That Lower Your Eligibility Estimate
Most applicants underestimate their own eligibility for reasons that have nothing to do with income. These are the mistakes that show up most often in loan files that get sanctioned for less than the applicant expected.
How to Improve Your Home Loan Eligibility
If the calculator shows a lower number than the property you want, these six levers close the gap, roughly in order of impact.
- Add a working co-applicant: the single fastest lever, often raising eligibility by 50% to 70% as shown in the joint-applicant table above.
- Clear existing short-term debt: paying off a car loan or a personal loan frees up FOIR capacity that goes straight into home loan eligibility.
- Improve your CIBIL score above 750: a better rate band can add several lakh of eligibility on the same income, as the credit-score table above shows.
- Extend the tenure where age allows: stretching from 15 to 25 years lowers the EMI on the same loan, letting a larger principal fit inside your FOIR limit.
- Ask about a step-up EMI plan: some banks offer lower EMIs in the first 3 to 5 years, which qualifies you for a larger loan upfront if you expect income growth.
- Declare all documented income sources: bonus, rental income, and other declared income can be added at HDFC and similar private banks, though most public banks weight it more conservatively.
How to Use This Calculator
Four inputs get you an accurate eligibility estimate in under a minute.
- Enter your net monthly income: use take-home salary, not CTC, and leave out variable bonus unless it is guaranteed.
- Add existing EMIs: include every running EMI, car loan, personal loan, or credit card, so the FOIR calculation matches what a bank will actually see on your credit report.
- Set tenure and age: the calculator automatically caps tenure so age plus tenure does not exceed 60, then adjusts your eligible amount in real time.
- Check the eligible loan, the bank comparison table, and the amortization schedule: then use the Home Loan EMI Calculator to model the exact monthly payment on the amount you plan to borrow.
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Frequently Asked Questions
Disclaimer: All figures on this page are indicative estimates based on standard FOIR assumptions and do not represent a loan offer from any bank. Actual eligibility depends on each lender's underwriting policy, your complete credit history, and property-specific factors that this calculator does not evaluate. This tool is for educational and planning purposes only and does not constitute financial advice. Consult your bank or a SEBI-registered financial adviser before making borrowing decisions.