Loan Eligibility Calculator
See how much home loan you may qualify for, based on your income, existing EMIs and the bank's FOIR limit.
How loan eligibility is worked out
Lenders cap your total monthly EMIs at a share of your income — the FOIR (Fixed Obligation to Income Ratio), usually 40–55%. Whatever is left after existing EMIs is what a new loan can use.
- Max EMI = income × FOIR − existing EMIs
- Eligible loan = the loan whose EMI equals that maximum, at the given rate and tenure
What raises your eligibility
- A longer tenure (lower EMI per lakh)
- Clearing existing EMIs / credit-card dues
- Adding a co-applicant's income
- A strong credit score (often a better rate)
This is an estimate. Actual sanction depends on credit score, employer category, property and the lender's policy.
Loan Eligibility calculator FAQ
What is FOIR?›
FOIR is the share of your monthly income a lender allows toward all EMIs combined — typically 40–55%. A higher income or fewer existing EMIs means more room for a home loan.
How can I increase my loan eligibility?›
Choose a longer tenure, clear existing EMIs, add a co-applicant, or improve your credit score for a better rate.
Do existing EMIs reduce eligibility?›
Yes — current loan and card EMIs are subtracted first, so they directly lower the EMI available for a new home loan.