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Smart Property ToolsHome Loan Eligibility Calculator
Find out how much home loan you can get based on your salary. Enter your income, existing EMIs, interest rate and tenure to see your eligible loan amount and property budget.
Home Loan Eligibility Calculator
Find out how much home loan you can get based on your monthly salary. Adjust your income, obligations, interest rate and tenure to see your eligible loan amount and the property budget it supports.
- Eligible loan amount₹63,37,696
- Indicative down payment (20%)₹15,84,424
- Affordable EMI (FOIR 55%)₹55,000/mo
- Property budget₹79,22,120
- Bank loan₹63.38 Lakh
- Your down payment₹15.84 Lakh
Eligible loan by tenure
Longer tenures increase the loan you qualify for
Eligibility at different interest rates
| Interest Rate | Eligible Loan | Property Budget |
|---|---|---|
| 7.5% p.a. | ₹68,27,267 | ₹85,34,084 |
| 8% p.a. | ₹65,75,486 | ₹82,19,358 |
| 8.5% p.a. | ₹63,37,696 | ₹79,22,120 |
| 9% p.a. | ₹61,12,972 | ₹76,41,216 |
| 9.5% p.a. | ₹59,00,457 | ₹73,75,571 |
*Eligibility is estimated using a FOIR (Fixed Obligations to Income Ratio) of 55% and an 80% loan-to-value assumption. Actual sanctioned amount depends on your credit score, employer category, property valuation and your lender's policy.
How it works
Enter your income
Add your net monthly salary and any existing EMIs or loan obligations you currently pay.
Set rate & tenure
Pick the interest rate and the number of years you'd like to repay the loan over.
See your eligibility
Get your eligible loan amount, affordable EMI and the property budget it unlocks, with charts and rate comparisons.
How much home loan can you get on your salary?
Banks decide your home loan eligibility primarily on your repayment capacity, measured through the Fixed Obligations to Income Ratio (FOIR). In simple terms, your total monthly EMIs — including the new home loan — should not exceed 50–60% of your net monthly income. The higher your income and the fewer your existing obligations, the larger the loan you qualify for.
What lenders look at
- Net monthly income — higher take-home pay means higher eligibility.
- Existing EMIs — car loans, personal loans and credit-card dues reduce the income available for a home loan.
- Loan tenure — a longer tenure lowers the EMI and raises eligibility.
- Interest rate — a lower rate means a bigger loan at the same EMI.
- Credit score — a strong CIBIL score improves both approval odds and the rate offered.
Use the rate-comparison table above to see how even a 0.5% difference in interest changes your eligible amount. Then estimate the monthly instalment with our Home Loan EMI Calculator.
Frequently Asked Questions
Lenders use a Fixed Obligations to Income Ratio (FOIR). Your maximum affordable EMI is roughly 50–60% of your net monthly income minus your existing EMIs. That EMI is then converted into the largest loan it can support at the chosen interest rate and tenure.
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