🏠 Home Loan Eligibility Calculator
Find out the maximum home loan amount you can get based on your income, existing obligations, and the 50% FOIR (Fixed Obligations to Income Ratio) rule used by most Indian banks.
Your Eligibility
Maximum Loan Amount
₹46,09,234
Available EMI Capacity
₹40,000/mo
Total Interest
₹49,90,766
FOIR Used
50.0%
📊 Eligibility by Tenure
| Tenure | Max Loan | EMI | Total Interest |
|---|---|---|---|
| 10 years | ₹32,26,179 | ₹40,000 | ₹15,73,821 |
| 15 years | ₹40,61,988 | ₹40,000 | ₹31,38,012 |
| 20 years | ₹46,09,234 | ₹40,000 | ₹49,90,766 |
| 25 years | ₹49,67,543 | ₹40,000 | ₹70,32,457 |
| 30 years | ₹52,02,146 | ₹40,000 | ₹91,97,854 |
Frequently Asked Questions
What is FOIR?
FOIR (Fixed Obligations to Income Ratio) is the percentage of your monthly income that goes towards EMIs and other fixed obligations. Most banks cap this at 40-60%, with 50% being the most common threshold.
How do banks calculate home loan eligibility?
Banks consider your monthly income, age, existing liabilities, credit score, employer profile, and property value. This calculator uses the income-based method with 50% FOIR.
Can I improve my eligibility?
Yes — pay off existing loans, add a co-applicant's income, opt for a longer tenure, negotiate a lower interest rate, or increase your down payment.
Does salary structure affect eligibility?
Yes. Banks typically consider only the fixed components (basic + DA + HRA) of your salary. Variable pay and bonuses are partially or fully excluded.
What is the maximum home loan tenure?
Most banks offer up to 30 years. However, the loan must be repaid before you turn 60-65 (retirement age), so younger applicants get longer tenures.
Is this calculator accurate?
This gives an estimate based on the FOIR rule. Actual eligibility depends on credit score, employer category, property value, and bank-specific policies.