Home Loan Eligibility Calculator
Estimate the maximum home loan amount you're likely eligible for, based on your income, existing EMIs, and the lender's FOIR threshold.
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Your result
₹57,61,541.99
Maximum loan amount
AI explanation
Formula
Max EMI = income × FOIR% − existing EMIs. Max loan = max EMI × [(1+r)^n − 1] / [r × (1+r)^n]Worked example
₹1,00,000 income, ₹10,000 existing EMI, 50% FOIR, 8.5%, 20 years
| Field | Value |
|---|---|
| Monthly income | 100000 |
| Existing monthly EMIs | 10000 |
| FOIR (lender's obligation-to-income limit) | 50 |
| Expected interest rate | 8.5 |
| Loan tenure | 240 |
| Maximum affordable EMI | 40000 |
Assumptions
- FOIR (Fixed Obligation to Income Ratio) is a common lender underwriting threshold, typically 40-60% depending on income level and lender policy.
- Actual eligibility also depends on credit score, employment type, co-applicant income, and the specific lender's policy — this is an estimate, not a loan approval.
- Informational only.
Frequently asked questions
What is FOIR?
Fixed Obligation to Income Ratio — the percentage of your gross monthly income that lenders allow to go toward all fixed debt obligations (including the new loan's EMI). Common thresholds range from 40% to 60%.
Why does my existing EMI reduce my eligibility?
Lenders cap total EMI obligations (not just the new loan) at the FOIR limit, so any existing EMIs reduce the room available for a new loan's EMI.
Does a longer tenure increase my eligible loan amount?
Yes — a longer tenure spreads the same EMI over more months, so it supports a larger principal for the same affordable monthly payment, though total interest paid also increases.
Related calculators
Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute a loan offer or guarantee of approval. Actual eligibility is determined by the lender based on your complete financial profile.
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