Home Loan Eligibility Calculator

Find out how much home loan you can get based on your income, expenses, and existing loans.

Include your salary, rental income, and other regular income sources.
Include regular expenses like rent, utilities, insurance, etc.
Include EMIs of all existing loans (personal, car, education, etc.)
Home loan tenure typically ranges from 5 to 30 years.
Current home loan interest rates in India typically range from 6.5% to 9.5%.
Banks typically consider 50-60% of your income for loan EMIs including existing obligations.
Most banks require a minimum down payment of 10-20% of the property value.
Home Loan Eligibility Results
Loan Eligibility Amount

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Maximum loan amount you may qualify for
Property Value You Can Afford

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Based on your loan eligibility and down payment
Monthly EMI

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Estimated EMI for the eligible loan amount
Down Payment Required

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Based on your selected down payment percentage
Financial Overview
Monthly Income ₹ 0
Monthly Expenses ₹ 0
Existing EMIs ₹ 0
Available for Home Loan EMI ₹ 0
Factors Affecting Your Eligibility
Income Impact

If your monthly income increases by ₹10,000, your loan eligibility could increase by approximately:

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Tenure Impact

If you increase your loan tenure by 5 years, your loan eligibility could increase by approximately:

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Interest Rate Impact

If the interest rate decreases by 1%, your loan eligibility could increase by approximately:

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Existing EMI Impact

If you clear ₹5,000 of your existing EMIs, your loan eligibility could increase by approximately:

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About Home Loan Eligibility

Home loan eligibility is the maximum loan amount that a bank or housing finance company is willing to lend you based on your financial profile.

Key Factors That Affect Eligibility
  • Income: Higher income generally leads to higher loan eligibility
  • Age: Younger applicants typically get longer loan tenures
  • Credit Score: A score above 750 improves eligibility
  • Existing Loans: Lower existing obligations mean higher eligibility
  • Employment Stability: Stable employment history is preferred
  • FOIR: Fixed Obligation to Income Ratio limits how much of your income can go toward EMIs
Note: This calculator provides an estimate based on standard banking practices in India. Actual eligibility may vary based on the specific policies of the lending institution and your credit profile.
Tips to Increase Eligibility
How to improve your home loan eligibility:
  • Add a co-applicant with a good income
  • Clear existing loans before applying
  • Improve your credit score
  • Opt for a longer loan tenure
  • Include all sources of income
  • Save for a larger down payment
Important: While a longer tenure increases eligibility, it also increases the total interest paid over the loan period.
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