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Home Loan Eligibility Calculator

Estimate the home loan your take-home income may support, after existing EMIs, at the rate and tenure you choose.

By Nitin Raturi · Last reviewed

Your worksheet

How to use the Home Loan Eligibility Calculator

Estimate the loan your income can support before you talk to a lender.

  1. Enter your take-home income and any EMIs you already pay.
  2. Enter the share of income your lender allows for EMIs.
  3. Enter the interest rate and the tenure you want.
  4. Read the estimated loan and open the table to compare tenures.

Good to know

  • Tap the ⓘ next to any field for a short guide to it.
  • This is an estimate; the lender makes the final decision.

Your EMI limit is a share of take-home income, minus the EMIs you already pay. The loan is what that EMI repays.

Net monthly income

Your take-home pay each month, after tax and deductions. Add a co-applicant’s income if they will share the loan.

How to fill it in

  • Type 1 lakh, 100000 or 1,00,000. Allowed range: ₹10,000 to ₹10 crore.

Existing EMIs

The total of EMIs you already pay each month, such as car or personal loans.

How to fill it in

  • Enter ₹0 if you have none. Include credit card EMIs.

Example

Clearing the default ₹10,000.00 of EMIs would raise the estimate to ₹57.62 lakh.

Share of income for EMIs

The most of your income a lender lets all EMIs take, called the fixed obligation to income ratio (FOIR).

How to fill it in

  • Enter 20% to 75%.
  • Ask your lender which share they use; it often depends on your income.

Keep in mind: Lenders set their own limit. A higher share also leaves less for living costs.

Interest rate

The yearly rate the lender charges on the loan.

How to fill it in

  • Enter 5% to 20% a year. Use the rate in the lender’s offer.

Keep in mind: Floating rates can change during the loan, which changes the EMI or the tenure.

Loan tenure

How many years you will repay the loan over.

How to fill it in

  • Enter 1 to 30 years. Lenders may cap it by your age at the end of the loan.

Example

Over 20 years the default EMI of ₹40,000.00 supports about ₹46.09 lakh.

Estimated home loan you may be eligible for

₹46,09,233.59

With 50% of ₹1,00,000.00 allowed for EMIs and ₹10,000.00 already committed, a new EMI of up to ₹40,000.00 supports a loan of about ₹46.09 lakh over 20 years.

EMI limit for all loans
₹50,000.00
Room for a new EMI
₹40,000.00
Total interest over the tenure
₹49,90,766.41
Total repaid
₹96,00,000.00

The share of income lenders allow for EMIs (called FOIR) differs by lender and income. Ask your lender which figure they use.

Income-based estimate only: 8.5% a year, fixed, with monthly reducing-balance EMIs. Lenders also check credit history, age, property value and their own limits.

Full schedule and CSV

Display rounds only for reading. CSV preserves full precision.

Estimated loan for the same EMI at different tenures
Tenure (years)EMI (INR)Estimated loan (INR)Total interest (INR)
10₹40,000.00₹32,26,178.79₹15,73,821.21
15₹40,000.00₹40,61,987.73₹31,38,012.27
20₹40,000.00₹46,09,233.59₹49,90,766.41
25₹40,000.00₹49,67,542.80₹70,32,457.20
30₹40,000.00₹52,02,145.74₹91,97,854.26

ChangelogHow we test this calculatorEmbed this calculator

How this calculator works

  1. Step 1Set the EMI limit₹50,000.0050% of ₹1,00,000.00 take-home pay.
  2. Step 2Subtract existing EMIs₹40,000.00Room left after ₹10,000.00 you already pay.
  3. Step 3Turn the EMI into a loan₹46.09 lakhAt 8.5% over 20 years.

Lenders limit how much of your income all EMIs together may take. That share is called FOIR, the fixed obligation to income ratio.

Worked example

A take-home income of ₹1,00,000.00 may support a home loan of about ₹46.09 lakh.

The default estimate
EMI room
E = income × FOIR − existing EMIs
Loan
E × (1 − (1 + k)^−n) ÷ k
  • kmonthly rate, yearly rate ÷ 12 0.71%
  • nnumber of monthly EMIs 240
  1. EMI limit for all loans₹50,000.00
  2. Existing EMIs₹10,000.00
  3. Room for a new EMI₹40,000.00
  4. Total interest over the tenure₹49,90,766.41
  5. Estimated loan₹46,09,233.59

Reading the result

A longer tenure raises the estimate, but adds much more interest.

  • Loan
  • Interest
  • 10 years₹32.26 lakh loan
  • 15 years₹40.62 lakh loan
  • 20 years₹46.09 lakh loan
  • 25 years₹49.68 lakh loan
  • 30 years₹52.02 lakh loan
Estimated loan and total interest for the same EMI at different tenures
  • No other EMIs₹57.62 lakhIf the ₹10,000.00 of existing EMIs were cleared.
  • Rate 1 point higher₹42.91 lakhAt 9.5% instead of 8.5%.

What lenders also check

  • Credit historyYour repayment record and credit score.
  • Age and tenureLenders may cap the tenure by your age at the end of the loan.
  • Property valueThe loan is limited to a share of the property’s value.
  • CostsProcessing fees, insurance and stamp duty are extra.

After you know the amount

Eligibility sets the most a lender may offer. The EMI and the buy decision come next.

To see the payment on a chosen amount, use the EMI calculator. The rent vs buy calculator compares buying with renting, and the mortgage calculator adds taxes and upkeep.

Common mistakes

  • Mistake: Entering gross salary instead of take-home pay.

    Instead: Use income after tax and deductions.

  • Mistake: Forgetting small EMIs such as credit card instalments.

    Instead: Add every EMI you pay each month.

  • Mistake: Borrowing the full estimate without checking your budget.

    Instead: Make sure the EMI leaves room for living costs and savings.

This is an income-based estimate, not a loan offer. The lender makes the final decision.

Read how we test our calculators, or browse more money calculators.

Frequently asked questions

How is home loan eligibility estimated?

The calculator takes the share of your income allowed for EMIs, subtracts the EMIs you already pay, and finds the loan whose EMI fits the room left at your rate and tenure.

What is FOIR?

The fixed obligation to income ratio is the most of your income a lender lets all EMIs take together. It differs by lender and income, so ask your lender which figure they use.

Why does a longer tenure increase my eligibility?

The same EMI repays a larger loan when spread over more months. You also pay much more interest in total.

Can I add my spouse’s income?

If they will be a co-applicant, lenders may count their income. Add it to the net monthly income and include their EMIs too.

Is this the amount a bank will give me?

No. Lenders also check your credit history, age, the property’s value and their own rules. Treat this as a starting estimate.

Sources and methodology

The formulas are standard time-value-of-money results. We check every figure against golden values worked out independently, by closed form and by month-by-month simulation; see the methodology.

Written and maintained by Nitin Raturi, a software engineer (about the author). Last reviewed 27 Oct 2026; next review due by . Found an error? Tell us.

Changelog

  • : Initial release. Demand metrics remain unverified.

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