How much home loan can I get on my salary?

Banks typically allow up to 50% of your net monthly income towards all EMI payments (FOIR rule). For example, if your net salary is ₹1,00,000 and you have no existing EMIs, you can afford an EMI of ₹50,000, which translates to approximately ₹47-52 lakhs loan at 8.5% for 20 years.

What is FOIR and why does it matter?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your income that goes towards all EMI payments. Banks use this to assess your repayment capacity. A FOIR below 40% is considered comfortable, 40-50% is moderate risk, and above 50% is typically rejected.

How can I increase my home loan eligibility?

You can increase eligibility by: paying off existing loans, adding a co-applicant (spouse's income), improving your credit score above 750, choosing a longer tenure, or increasing your down payment to reduce the required loan amount.

What credit score is needed for a home loan?

Most banks require a minimum CIBIL score of 650-700 for home loan approval. A score above 750 gets you the best interest rates. Below 650, you may face rejection or significantly higher interest rates.

Does down payment affect loan eligibility?

Down payment doesn't directly affect your loan eligibility (which is income-based), but a larger down payment means you need a smaller loan. Banks typically require 10-20% minimum down payment.

Eligibility Calculator

FOIR-based . Personalized

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.

Max Loan AmountMax Property ValueFOIR AnalysisRisk AssessmentBudget PlannerXLS ReportMax Loan AmountMax Property ValueFOIR AnalysisRisk AssessmentBudget PlannerXLS Report

Scope - Salaried & Self-Employed | All Banks & NBFCs

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Your Financial Details

Monthly Income (Net)

₹

₹10K₹10L

Monthly Expenses

₹

Existing EMIs

₹

Down Payment Available

₹

Rate (%)

Tenure

Yrs

Maximum Property Value

₹67,61,542

within your budget

Monthly Income Allocation

Maximum Loan₹57,61,542

Down Payment₹10,00,000

Monthly EMI₹50,000

FOIR Used50.0%

Disposable Income₹20,000

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