Loan Eligibility Calculator
Find out how much home loan you can get based on your income, existing EMIs and FOIR. Instantly see your maximum eligible loan amount and the property value you can target.
FOIR (Salaried)
40% – 50%
of net monthly income
Max Tenure
30 years
salaried borrowers
Min CIBIL Score
700+
most lenders require 750+
Income Multiplier
60× – 70×
approx. eligible loan amount
Your loan eligibility inputs
Net monthly income
Existing monthly EMIs
FOIR — salaried: 40–50%
Annual interest rate
Loan tenure
Employment type
Max allowed EMI (FOIR)
₹36,000
45% of ₹80,000
Existing obligations
None
Current monthly EMIs
Available for new loan
₹36,000
Your eligible monthly EMI
Maximum loan amount
₹41.48 L
₹41,48,310 — based on 45% FOIR at 8.50% p.a. for 20 years
Maximum eligible EMI
₹36,000
45% of ₹80,000 net income
Available EMI (after obligations)
₹36,000
No existing EMIs — full FOIR available
Equivalent property value
₹51.85 L
Assuming 80% LTV — you fund 20% (₹10.37 L) as down payment
Income multiplier
51.9×
Loan-to-monthly-income ratio for this scenario
How banks calculate your loan eligibility
Banks use the FOIR (Fixed Obligation to Income Ratio) to determine how much of your income is already committed to existing EMIs and fixed obligations. The remaining capacity is your eligible EMI for the new loan.
- 1Compute maximum eligible EMIMax EMI = (Net Monthly Income × FOIR%) − Existing Monthly EMIsFOIR is typically 40–45% for salaried and 50–55% for self-employed borrowers.
- 2Back-calculate the loan amountMax Loan = Max EMI × [ ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ) ]where r = monthly rate (annual rate ÷ 12 ÷ 100) and n = tenure in months.
- 3Derive the property valueProperty Value = Max Loan ÷ 0.80RBI mandates that banks fund at most 80% of property value (LTV) for loans above ₹30 lakh.
* Eligibility shown here is an estimate based on FOIR alone. The final sanctioned amount also depends on your CIBIL score (minimum 700, ideally 750+), employer/business category, property valuation, and the lender's internal credit policy. Verify with your bank before applying.
Frequently Asked Questions
Indian banks primarily use the Fixed Obligation to Income Ratio (FOIR). Your total monthly EMI obligations — including the proposed new EMI — must not exceed a set percentage (typically 40–50%) of your net monthly income. The maximum loan is then back-calculated from the allowable EMI using the standard EMI formula at the offered interest rate and chosen tenure.