Banks typically lend home-loan amounts up to 60x your monthly income (subject to FOIR cap of 40-50% of net monthly income including existing EMIs). The calculator accounts for age, tenure (up to 30 years), existing EMIs, and a typical Indian-bank rate band (8.5-9.5% p.a.) to estimate the maximum loan you'd be approved for.
When to use this
Use when: planning to buy property and need a rough loan headroom, comparing eligibility across SBI / HDFC / ICICI / Axis / Kotak before applying, deciding whether to clear existing debt first to boost home-loan eligibility, structuring co-applicant income to maximize joint eligibility.
Frequently Asked Questions
How can I increase my home loan eligibility?
Three biggest levers: (1) Add a co-applicant with separate income (spouse, parent) - their income adds to yours, (2) Clear existing EMIs (credit card, personal loans) - they reduce your headroom under FOIR, (3) Extend tenure to 25-30 years - lower EMI = more loan, though more total interest.
Does the eligibility check pull my credit score?
No - we don't run credit checks. The calculator estimates eligibility based on your income/EMI inputs only. For an exact pre-approved amount, you'd need to apply at the bank where they pull CIBIL + bank statements + ITR.
Powered by Loan Eligibility Calculator.