Home Loan Eligibility Calculator
Calculate maximum borrowing capacity based on salary & FOIR limits
Salary:
Loan Eligibility Estimate
Maximum Eligible Home Loan
₹37,45,000
Affordable Property Value: ~₹46.8 Lakhs
Maximum Allowed EMI:₹32,500 / mo
Existing Debt Deducted:-₹10,000 / mo
Total Monthly Income:₹85,000
Down Payment Needed (20%):~₹9.3 Lakhs
Frequently Asked Questions
Banks in India typically cap your total monthly loan EMIs (including existing loans + new home loan) at 50% to 60% of your net monthly income. This is known as FOIR.
You can increase eligibility by adding a co-applicant (working spouse or parent), choosing a longer loan tenure (e.g. 25-30 years), prepaying existing personal/car loans, and maintaining a high CIBIL credit score (750+).