Home Loan Eligibility Calculator (India)
How much home loan can you actually get? FOIR-based eligibility from net income, existing EMIs, rate, age and tenure — with a sensitivity table for rates from 6% to 10%.
Sensitivity — eligibility at different rates
Same income, EMI cap and tenure (25 years), with rate varying.
| Rate | Max loan | Δ vs your rate |
|---|---|---|
| 6% | ₹77.60 L | +₹15.51 L |
| 7% | ₹70.74 L | +₹8.65 L |
| 8% | ₹64.78 L | +₹2.69 L |
| 9% | ₹59.58 L | ₹-2.51 L |
| 10% | ₹55.02 L | ₹-7.07 L |
About this tool
When you apply for a home loan in India, the bank doesn't hand out money based on the property value alone — they first decide how much EMI you can afford every month, and then back-calculate the principal. This affordability check is the FOIR rule (Fixed Obligations to Income Ratio): your existing EMIs plus the new home loan EMI together cannot exceed a certain share — typically 40-55% — of your net monthly income. Banks tighten this for first-time borrowers and loosen it for high-income applicants with strong CIBIL scores.
WRRK's loan eligibility calculator uses a 50% FOIR cap, subtracts your existing EMIs, and runs the inverse of the standard EMI formula to back out the maximum loan principal. Tenure is automatically capped at 65 − agebecause most Indian banks require the loan to be fully repaid before retirement. The result is the upper bound the bank is unlikely to exceed — the “Recommended” figure (80% of max) gives you headroom for floating-rate hikes and bank underwriting variance. The sensitivity table shows how a 1-2% rate movement (very common during a loan's life) reshapes your eligibility.
This is an indicative number, not a sanction. Banks additionally evaluate property value (LTV cap 75-90%), CIBIL score, employer, time at current job, and whether you have a co-applicant. Use this to set your search budget — the actual sanction letter will arrive after formal application, document submission, and property valuation.
How to use (5 steps)
- Enter net income. Your in-hand salary after income tax and PF — what actually lands in your bank account each month.
- Enter existing EMIs. Total of all current EMIs — car, personal, credit-card pay-over-time. These reduce how much new EMI you can take on.
- Set rate & tenure. Current home loan rate from your target bank (typically 8.5-9.5%) and how many years you want to stretch the loan over.
- Enter age. Used to cap tenure: most banks require the loan to end by age 65. So at age 50, max tenure is ~15 years.
- Read result. Right panel shows your maximum eligibility and a safer recommended figure (80% of max). The sensitivity table shows how rate changes shift the number.
Frequently asked questions
+−What is FOIR and why does the calculator use 50%?
FOIR (Fixed Obligations to Income Ratio) is the share of your monthly net income that goes to all EMIs. Indian banks typically cap FOIR at 40-55% — the lower end for newer borrowers, the higher end for high-income established profiles. This calculator uses 50% as a reasonable upper bound. If your CIBIL is excellent and income high, banks may stretch to 55-60%; for first-time borrowers expect 40-45%.
+−Why does age limit the tenure?
Most Indian banks require the loan to be repaid before retirement age (typically 60-65 for salaried, sometimes 70 for self-employed). So if you're 45 today, the maximum tenure is roughly 65 − 45 = 20 years, even if the bank's product card says '30 years tenure available'. Shorter tenure = higher EMI = lower eligible principal — which is why a 30-year-old can usually borrow more than a 50-year-old on the same income.
+−Can I take a longer tenure to qualify for a bigger loan?
Yes — longer tenure means smaller EMI, so the same FOIR cap allows a bigger principal. But the total interest paid balloons. A ₹50L loan at 8.5% costs ~₹26L in interest over 15 years; the same loan over 30 years costs ~₹88L in interest. Stretch tenure to qualify, but try to prepay aggressively in the first 5-7 years to bring effective tenure down.
+−What if I have a co-applicant?
Adding a working co-applicant (spouse/parent/sibling) lets the bank pool both incomes for FOIR — eligibility can roughly double. Co-applicant must also have a clean CIBIL and stable income. Both names go on the loan and (usually) on the property. Use the calculator twice — once with combined net income — to estimate joint eligibility.
+−What about CIBIL score?
This calculator assumes a healthy CIBIL (750+). With CIBIL below 700, banks often reduce eligibility, charge a higher rate, or deny the loan outright. Score 750-799 typically gets card rates; 800+ may get a small discount. Pull your CIBIL once before applying — it's free annually on cibil.com.
+−Will banks actually sanction the maximum?
The maximum here is an upper bound based on income alone. Banks also evaluate the property value (LTV, typically capped at 75-90%), employer category, vintage at current employer, geographic risk, and your age relative to tenure. The 'Recommended (80% of max)' figure leaves headroom for rate hikes during the loan and for the bank to come in slightly below maximum.
+−How is this different from an EMI calculator?
An EMI calculator answers 'given a loan, what's the EMI?'. This calculator answers the inverse: 'given my income, what's the largest loan I can qualify for?'. It works backwards from a maximum permissible EMI (FOIR-based) to the principal that produces that EMI.
Related on WRRK Tools
House Rent Allowance exemption — Section 10(13A)
ToolPublic Provident Fund — maturity, interest, year-by-year
ToolEquity, MF, property, gold, crypto — FY 2025-26 rules
CategoryBrowse the full india tools category
Govt exam200×230px · 20-50KB
CompareHonest comparison: features, pricing, signup