Home loan eligibility calculator

It depends on your income, existing EMIs, the interest rate and the tenure. As a rough guide, at 8.75% for 20 years with half of income allowed for EMIs and no other loans, a take-home income of ₹50,000 a month supports about ₹28,28,980, ₹1,00,000 about ₹56,57,960, and ₹2,00,000 about ₹1,13,15,920. Your lender’s figure can be lower or higher.

Mainly from your income and the EMIs you already pay, which set the EMI you can afford. They also look at your age and the years left to retirement (which limit the tenure), your credit score and repayment record, how stable your income is, and the value of the property. Each lender weighs these differently.

FOIR is the Fixed Obligation to Income Ratio: the share of your monthly income that goes to EMIs and other fixed payments. Lenders use it to cap your total EMIs. The share they allow differs by lender and by income level, which is why you can change it in this calculator.

Close or reduce existing loans and credit card dues, choose a longer tenure, add a co-applicant with their own income, or make a larger down payment so that you need to borrow less. A better credit score can also get you a lower rate, which raises the amount for the same EMI.

No. Lenders finance only part of the property value, so you need a down payment. Under RBI’s limits a home loan can be up to 90% of the property value for loans of ₹30 lakh or less, 80% for loans above ₹30 lakh and up to ₹75 lakh, and 75% above ₹75 lakh. Stamp duty and registration are usually paid by you on top. Check the current limit with your lender.

Yes, because the same EMI repays a larger amount over more months. The total interest rises sharply with tenure, so use the home loan EMI calculator to see what the bigger loan costs.