Home loan eligibility calculator
Banks mostly look at two numbers: your monthly income and the EMIs you already pay. A common rule, called FOIR, lets your total EMIs reach about half of your take-home pay. Subtract your current EMIs from that limit to get the most you can pay on a new loan. The calculator turns that EMI into a loan amount at the rate and tenure you pick. Enter your net monthly income and any existing EMIs below. Then press the button to carry the result into the EMI calculator. The most a bank allows is often more than you can live with. A safer rule is to keep your EMI under 40% of take-home pay. That leaves room for rent, savings and unplanned costs. Your credit score, age and property value also affect what a bank approves.
How much can you borrow?
- Most you can pay as EMI (50% of income)
- ₹50,000
- Largest loan at this rate and tenure
- ₹62,53,990
Banks may let your EMIs reach half your income. A safer limit is 40% of take-home pay, which is about ₹40,000 for you.
₹50 L
- Principal amount
- Total interest
- Monthly EMI
- ₹39,974
- Principal amount
- ₹50,00,000
- Total interest
- ₹45,93,875
- Total amount
- ₹95,93,875
You'll pay ₹45.94 L interest on a ₹50 L loan.
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Worth knowing
Interest vs loan
You repay 0.92× your loan in interest alone.
When it tips
From year 12, more of each EMI repays the loan than pays interest.
One extra EMI a year
Pay one extra EMI each year to save ₹7.8 L and finish 3 years sooner.
Common questions
- What is FOIR?
- FOIR stands for fixed obligation to income ratio. It is the share of your monthly income that goes to loan EMIs. Many banks allow up to 50%.
- Do existing EMIs reduce my eligibility?
- Yes. Car loans, personal loans and card EMIs count towards the limit, so the room left for a home loan is smaller.
- Does a longer tenure raise my eligibility?
- Yes. A longer tenure lowers the EMI per lakh borrowed, so the same EMI supports a bigger loan. The catch is more interest over the life of the loan.
- Is this the amount the bank will lend?
- No. It is a planning estimate. Banks also check your credit score, age, job stability and the value of the property.