Key Takeaway
Banks calculate home loan eligibility using FOIR (40–55% of income) minus existing EMIs. A ₹1 lakh income with ₹10,000 existing EMIs at 8.5% for 20 years qualifies for approximately ₹46.2 lakh loan amount.
Max Loan Eligibility Calculator
Forecast your maximum borrowing limit based on your net income parameters.
Borrowing Limits
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Frequently Asked Questions
What determines my maximum loan eligibility?
Banks look at your net monthly income, existing EMIs, credit score, age (to determine maximum tenure), and the Loan-to-Value (LTV) ratio of the property you intend to buy.
How can I increase my loan eligibility?
You can increase eligibility by adding an earning co-applicant (spouse/parent), increasing the loan tenure, closing existing debts/loans, or showing additional sources of stable income.
Why do banks offer lower eligibility than calculators show?
Calculators assume ideal conditions. Banks apply internal risk policies, stress test for future interest rate hikes, and apply stricter FOIR (Fixed Obligation to Income Ratio) limits based on your specific profile.
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