Home Loan Eligibility Calculator
Find your maximum home loan eligibility based on income, FOIR, and existing obligations.
Parameters
$75,000
$0
$5,000
20 years
8.5%
40%
Maximum Loan Eligibility
$2,880,771
Maximum Affordable EMI
$25,000
Total Monthly Income
$75,000
Existing EMI Obligations
$5,000
Available for New EMI
$25,000
| Tenure | Max Loan | Total Interest |
|---|---|---|
| 15yr | $2,538,742 | $1,961,257 |
| 20yr | $2,880,771 | $3,119,229 |
| 25yr | $3,104,714 | $4,395,285 |
| 30yr | $3,251,341 | $5,748,659 |
About Home Loan Eligibility Masterclass
Understand FOIR, eligibility calculation, and strategies to maximize your home loan sanction amount.
How Banks Calculate Home Loan Eligibility
Indian banks use the FOIR (Fixed Obligation to Income Ratio) method to determine loan eligibility. The bank calculates the maximum EMI you can afford based on your income (typically 40–50% of net monthly income), subtracts existing EMI obligations, and uses the remaining amount to derive the maximum loan principal using reverse-EMI formula. Public sector banks often apply a more lenient FOIR (up to 50%), while private banks tend to be stricter.
- SBI Home Loans: ~8.5% p.a. | FOIR up to 50%
- HDFC: ~8.75% p.a. | FOIR 40–50%
- ICICI Bank: ~8.75% p.a. | FOIR 40–50%
Rates as of July 2026 — verify with respective banks before applying.
Tips to Maximize Your Home Loan Eligibility
If your current eligibility is lower than expected, here are proven strategies to increase it: 1) Clear existing loans before applying — each ₹10,000 in existing EMIs reduces your eligibility by approximately ₹10–12 lakhs. 2) Add a co-applicant — combining incomes can nearly double your eligibility. 3) Opt for longer tenure — a 30-year loan vs 15-year loan for the same amount reduces EMI and thus increases eligibility at the same income level. 4) Negotiate a lower interest rate — even 0.5% lower rate improves eligibility meaningfully.
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What is FOIR in home loan eligibility?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that can go towards all loan EMIs combined (existing + new). Most banks use 40%–50% FOIR. For example, on ₹75,000 monthly income with 40% FOIR, the maximum total EMI allowance is ₹30,000.
How much home loan can I get on ₹50,000 salary?
On ₹50,000 net monthly salary with no existing EMIs, at 40% FOIR: Max EMI = ₹20,000. At 8.5% rate for 20 years, this corresponds to a loan of approximately ₹20–21 lakhs. The exact amount depends on interest rate and tenure.
Does having a co-applicant increase home loan eligibility?
Yes, significantly. Adding a co-applicant (spouse or parent with income) combines both incomes for FOIR calculation, which can increase your loan eligibility by 40–100% depending on the co-applicant's income and existing liabilities.
What is the maximum home loan tenure in India?
Most banks offer home loans up to 30 years tenure. Longer tenure reduces EMI but significantly increases total interest paid. A 30-year loan can cost 2–2.5x the original loan amount in total interest.