Home Loan Eligibility Calculator
See your max sanctioned loan in 10 seconds. Built around the FOIR + LTV norms every Indian bank actually uses — not the marketing-page numbers.
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Why your “eligible” number differs from a bank's pre-approval
Most online calculators give you a single number based purely on income × tenure × rate. Real bank sanction letters cut that number by 15–30% because of inputs you can't see: CIBIL score band, employment vintage, internal credit-score (CIRIS / Hunter), employer-category multiplier, and the property's loanability (RERA status, approved plan, OC for ready-to-move).
This calculator stays honest about the inputs that actually drive the math: FOIR cap, available EMI after existing obligations, and the maturity-age tenure ceiling. Plug in the inputs the bank will plug in and the number you get is close to the real sanction.
How banks compute the EMI cap (FOIR)
- Net income < ₹50,000: EMI cap = 40% of net
- ₹50,000–₹1,50,000: 50% of net
- Above ₹1,50,000: 55% of net
- Self-employed: 5 percentage points tighter (banks treat business income as more volatile)
The available EMI = (income × cap) − existing EMIs. Banks treat credit-card EMIs, BNPL instalments, and even gold-loan obligations as existing EMIs.
Frequently asked questions
How is home loan eligibility calculated in India?
Indian banks use the FOIR (Fixed Obligation to Income Ratio) — total EMIs (existing + new) cannot exceed 50–60% of net monthly take-home. The remaining EMI capacity, discounted by the loan rate over the tenure, gives the max sanctioned amount. LTV (loan-to-value) caps further reduce the loan if the property is small (90% under ₹30L, 80% ₹30–75L, 75% above ₹75L).
What FOIR ratio do Indian banks apply in 2026?
SBI, HDFC, ICICI, Axis, Kotak: 40% if net income < ₹50K, 50% from ₹50K–₹1.5L, 55% above ₹1.5L. Self-employed borrowers face a 5% tighter FOIR. NBFCs and HFCs sometimes stretch to 60–65% for higher income brackets.
Will my age limit my home loan tenure?
Yes. Banks require the loan to fully mature before age 65 (salaried) or 70 (self-employed). A 50-year-old salaried borrower is capped at 15 years; a 55-year-old self-employed borrower at 15 years. Tenure caps are the biggest hidden reduction in loan eligibility for borrowers above 45.
Does my CIBIL score change my eligibility amount?
CIBIL changes the interest rate, not the eligibility amount directly — but the rate change shifts the EMI, which shifts the eligible loan. CIBIL 800+: published rate. 750–800: +0.10–0.25%. 700–750: +0.25–0.50%. Below 700: rejection or NBFC-only at 11–14%.
Can I add a co-applicant to increase eligibility?
Yes — adding a co-applicant (typically spouse) pools both incomes, lifting sanctioned loan by 50–80%. Each co-owner can independently claim Section 80C (₹1.5L principal) and 24(b) (₹2L interest) deductions, multiplying the household tax shield. Both must be co-owners on the title deed.
What documents do banks ask for?
KYC (PAN, Aadhaar), salary slips (3 months) + Form 16 (2 years) for salaried, ITRs (3 years) + computation for self-employed, bank statements (6 months), property title chain (30 years), RERA registration, approved building plan, OC for ready-to-move, and sale agreement / allotment letter.