Home Loan Eligibility Calculator
Find out the maximum home loan you qualify for based on your income, age, and EMIs — with bank-wise breakdown.
Car loan, personal loan, credit card EMIs, etc.
Max Eligible Loan
| Bank | FOIR | Max Loan | Max EMI |
|---|---|---|---|
| HDFC | 50% | ₹46.1L | ₹40,000 |
| SBI | 50% | ₹46.1L | ₹40,000 |
| ICICI | 52% | ₹47.9L | ₹41,600 |
| Axis | 48% | ₹44.2L | ₹38,400 |
| Kotak | 50% | ₹46.1L | ₹40,000 |
* FOIR and eligibility vary based on CIBIL score, employer profile, and individual bank policy. This is an estimate.
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How This Home Loan Eligibility Calculator Works
Home loan eligibility in India is determined by a combination of three key factors: your income, your existing financial obligations, and your loan tenure. This calculator uses the Fixed Obligation to Income Ratio (FOIR) method — the same formula used by HDFC, SBI, ICICI, Axis, and Kotak to determine how much of your take-home salary can go towards EMI repayments.
Step 1 — Maximum EMI calculation: Each bank allows a different FOIR, typically between 40% and 55% of your net monthly income. For a salaried applicant earning ₹80,000/month with no existing EMIs and a 50% FOIR, the maximum permissible EMI is ₹40,000. If you already have a ₹10,000 car loan EMI, the home loan EMI capacity drops to ₹30,000.
Step 2 — Loan amount reverse calculation: Using the standard EMI formula (P × r × (1+r)^n / ((1+r)^n − 1)), the calculator reverses this to find the maximum principal that produces the permissible EMI at your chosen rate and tenure. A longer tenure (e.g., 25 years vs 15 years) reduces the EMI for the same loan, so it directly increases your eligible amount.
Step 3 — Age and tenure adjustment: RBI guidelines require all home loans to close before the borrower reaches retirement age (typically 60 for salaried, higher for self-employed). If you're 45 and request a 25-year tenure, the calculator automatically caps it at 15 years, which also affects your eligible loan.
Step 4 — Bank-wise comparison: Different banks apply different FOIR norms. HDFC and ICICI are generally more generous (up to 55%) for high-income borrowers, while PSU banks like SBI tend to cap at 50%. The bank-wise table shows you where your eligibility is highest.
Note that this calculator gives indicative eligibility based on income and FOIR. Actual sanction depends on your CIBIL score, employer profile, property type, and the bank's internal credit policy at the time of application.
Frequently Asked Questions
Banks calculate home loan eligibility primarily using the Fixed Obligation to Income Ratio (FOIR), which limits your total EMI obligations (including the new home loan EMI) to 40–55% of your net monthly income. They also factor in your age (loan must close before retirement), credit score, employment stability, and existing liabilities. Each bank applies slightly different caps, which is why eligibility varies across lenders.
For a ₹50 lakh home loan at 8.5% over 20 years, the EMI is approximately ₹43,400/month. Assuming a FOIR of 50%, you'd need a net monthly income of at least ₹86,800 (roughly ₹1.04L gross). If you have existing EMIs, the required income increases proportionally. Some banks allow a higher FOIR of up to 55% for high-income applicants.
On a ₹50,000 net monthly salary with no existing EMIs, most banks will approve a home loan of ₹21–25 lakh at 8.5% over 20 years (assuming 50% FOIR). ICICI and HDFC may go slightly higher at 52–55% FOIR. To maximise eligibility, ensure no outstanding credit card dues, choose the maximum allowable tenure, and add a co-applicant if possible.
FOIR stands for Fixed Obligation to Income Ratio. It is the percentage of your monthly income that goes towards all fixed EMI payments, including the proposed home loan. If your income is ₹1 lakh and the bank allows a 50% FOIR, your total EMIs (old + new home loan) cannot exceed ₹50,000. Banks typically allow 40–55% FOIR for home loans, with higher caps for borrowers earning above ₹75,000/month.
Yes, significantly. A CIBIL score above 750 unlocks the best rates (7.1–8.0%) and maximum eligible amounts. Scores between 650–749 attract higher rates (8.5–9.5%) and some banks cap the loan amount. Below 650, many banks decline the application outright or require collateral or co-applicants. A strong CIBIL score can effectively increase your eligible loan by 15–20% compared to a borderline score.
Yes. The most effective strategies are: (1) Add a co-applicant — a working spouse or parent can combine incomes, boosting FOIR capacity significantly. (2) Close existing EMIs before applying. (3) Choose a longer tenure (30 years reduces EMI, improving FOIR math). (4) Improve your CIBIL score above 750. (5) Opt for a salary account with the lender, as banks often offer better FOIR to their own customers.
Most banks allow a maximum home loan tenure of 30 years. However, the loan must be fully repaid before the borrower reaches 70 years of age (60–65 for salaried, 70 for self-employed, depending on the bank). A 35-year-old salaried applicant can typically get a 25-year tenure. Longer tenures reduce the EMI burden but significantly increase total interest paid over the life of the loan.
Banks multiply your net monthly income by the allowed FOIR (typically 40–55%) to get the maximum EMI you can service across all obligations. They then subtract any existing EMIs to arrive at the maximum permissible home loan EMI. From this EMI, they back-calculate the loan amount using the standard EMI formula at the applicable interest rate and chosen tenure. Higher income, lower existing debt, and a longer tenure all increase the permissible loan amount.
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Reviewed by Ekatra's home loan experts · Updated May 2026 · Calculations based on RBI-published rates and bank FOIR policies