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Home Loan Eligibility Calculator

Find out how much home loan you qualify for — based on your salary, existing EMIs, and bank-specific FOIR norms. Compare SBI, HDFC, ICICI, Axis and more.

Home Loan Eligibility Calculator

₹1.00 L

Include salary, rental income, business income before deductions

None

Car loan, personal loan, credit card EMIs etc.

8.75%
20 years
20%

Banks require min 10–20%. Higher down payment = larger property budget.

Maximum Home Loan Eligible

₹56.58 L

Max EMI: ₹50,000/mo · 8.75% · 20yr

Property Budget

₹70.72 L

with 20% down

Down Payment Needed

₹14.14 L

20% of property

FOIR Utilisation

Excellent eligibility
0% used by existing EMIs50% available for home loan

FOIR = Fixed Obligation to Income Ratio. Banks allow max 40–50% of gross income for all EMIs combined.

Bank-wise Estimates

SBI

FOIR 50% · 8.5% rate

₹57.62 L

EMI: ₹50,000/mo

HDFC Bank

FOIR 50% · 8.75% rate

₹56.58 L

EMI: ₹50,000/mo

ICICI Bank

FOIR 48% · 8.75% rate

₹54.32 L

EMI: ₹48,000/mo

Axis Bank

FOIR 48% · 8.75% rate

₹54.32 L

EMI: ₹48,000/mo

Kotak Mahindra

FOIR 50% · 8.7% rate

₹56.78 L

EMI: ₹50,000/mo

LIC HFL

FOIR 45% · 8.5% rate

₹51.85 L

EMI: ₹45,000/mo

PNB Housing

FOIR 50% · 8.6% rate

₹57.20 L

EMI: ₹50,000/mo

Bank of Baroda

FOIR 50% · 8.4% rate

₹58.04 L

EMI: ₹50,000/mo

You are eligible for a home loan. A higher CIBIL score (750+) can get you a better interest rate, increasing your eligible amount.

Estimates based on standard FOIR norms. Actual eligibility depends on CIBIL score, employer category, and bank policy. Apply to multiple banks to compare.

How is home loan eligibility calculated?

Indian banks use a metric called FOIR (Fixed Obligation to Income Ratio) to determine how much of your monthly income can go toward EMIs. Most banks cap this at 40–50% of gross monthly income across all obligations. The formula is:

Max Home Loan EMI = (Gross Income × FOIR%) − Existing EMIs

The eligible loan amount is then calculated from this maximum allowable EMI using the standard EMI formula for your chosen tenure and interest rate.

How to increase your home loan eligibility

  • Close existing loans: Paying off a car loan or personal loan before applying frees up FOIR capacity significantly.
  • Add a co-applicant: A working spouse or parent as co-applicant combines income, boosting eligibility by 30–100%.
  • Improve your CIBIL score: A score above 750 gets you better rates and sometimes higher eligibility. Pay all EMIs on time for 6+ months.
  • Choose a longer tenure: A 30-year loan has a lower EMI than a 20-year loan for the same amount, allowing a higher loan at the same FOIR.
  • Show all income sources: Rental income, freelance income, and interest income count toward gross income at many banks.

Frequently Asked Questions

How much home loan can I get on a ₹1 lakh salary?

With ₹1L monthly income, no existing EMIs, and at 8.75% for 20 years: approximately ₹58–62 lakh, depending on the bank's FOIR policy (40–50%).

What is FOIR and how does it affect eligibility?

FOIR (Fixed Obligation to Income Ratio) is the max % of income banks allow for all EMIs combined. Most banks cap this at 50%. If you already spend 20% on a car loan, only 30% remains for your home loan EMI.

Does existing car loan affect home loan eligibility?

Yes — significantly. A ₹20K car EMI on ₹80K income reduces your home loan eligibility by roughly ₹18–22 lakh. Consider closing it before applying.

What CIBIL score do I need for a home loan?

Minimum 700 for approval at most banks. 750+ gets the best rates (0.25–0.5% lower). Check your score at CIBIL.com or Experian before applying.