Find out how much home loan you are eligible for based on your income.
Calculate your maximum property budget using the FOIR (Fixed Obligation to Income Ratio) method used by banks. Get a detailed financial health assessment with risk analysis and actionable recommendations.
Maximum Property Value
₹67,61,542
within your budget
Monthly Income Allocation
Moderate Risk
Your debt-to-income ratio is high. Keep an emergency fund of 6 months expenses.
How is Home Loan Eligibility Calculated?
Banks use the FOIR (Fixed Obligation to Income Ratio) method to determine your home loan eligibility. Typically, banks allow up to 50% of your net monthly income to go towards all EMI payments combined. This calculator uses the reverse EMI formula to determine the maximum loan amount you can borrow based on the maximum EMI you can afford.
Tips to Improve Your Home Loan Eligibility
- Pay off existing loans (car loan, personal loan) before applying for a home loan
- Maintain a credit score above 750 for better interest rates
- Add a co-applicant (spouse) to increase combined income eligibility
- Choose a longer tenure to reduce EMI burden and qualify for a higher loan
- Increase your down payment to reduce the loan amount needed
How banks usually read eligibility
Eligibility is not only about gross income. Lenders usually look at net monthly earnings, recurring obligations, fixed expenses, and the repayment buffer left after the new EMI. That is why two people with similar salaries can receive very different loan outcomes depending on debt load and cash-flow discipline.
This calculator uses the FOIR approach because it is one of the clearest ways to estimate that lending comfort. It helps you plan a realistic budget before shortlisting homes, talking to a bank, or locking a purchase decision around an optimistic assumption.
Frequently
Asked Questions
Common questions answered to help you make better property decisions.
Any questions? Reach out