Home Loan Eligibility Calculator

Lenders look at how much of your monthly income can safely cover loan repayments. They apply a FOIR cap to your net income, subtract the EMIs you already pay, and treat the remainder as the maximum EMI you can take on. That EMI, combined with the interest rate and tenure, sets the largest loan they will approve. Credit score, job stability and property value also feed into the final decision.

FOIR stands for Fixed Obligations to Income Ratio — the share of your income that can be used for all EMIs combined. Most lenders cap it between 40% and 55%, so if you earn 100,000 a month at a 50% FOIR, up to 50,000 can go toward EMIs. Higher earners are sometimes allowed a higher ratio because more income is left over for living costs.

Yes. Any car loan, personal loan or credit-card EMI you already pay is subtracted from the amount your FOIR allows, which lowers the EMI left for a new home loan — and therefore the loan you qualify for. Closing or paying down existing debt before you apply is one of the fastest ways to increase your eligibility.

Choose a longer tenure so the same EMI supports a larger loan, clear or reduce existing EMIs, and add a co-applicant such as a spouse so both incomes count. Improving your credit score can also earn a lower interest rate, and any bonus, rental or freelance income you can document may lift the income the lender considers.

No — it is an estimate to help you plan. Actual approval depends on the lender's own FOIR policy, your credit history, the property's valuation and their loan-to-value limits. Treat the result as a realistic starting point and confirm the exact amount with your lender.