Home Loan Eligibility Calculator

Enter your monthly income, existing EMIs, desired interest rate and tenure to instantly calculate your maximum home loan eligibility as per 2026 bank standards.

Your Loan Eligibility

₹58,56,375
Maximum Home Loan You Can Get
₹37,500 Max EMI Allowed
₹37,500 Available for Home Loan
8.5% Interest Rate Used
20 yrs Tenure

Improve Your Eligibility

To get a higher loan amount: clear existing loans, add a co-applicant (spouse), choose longer tenure, or improve your CIBIL score above 750 for best rates.

Advertisement

Home Loan Eligibility Based on Salary 2026

Indicative maximum home loan amounts at 8.5% p.a. for 20 years, with 50% FOIR. Actual amounts may vary by bank and profile.

Monthly Salary Max EMI (50%) Max Loan (20 yrs @ 8.5%) Max Loan (30 yrs @ 8.5%)
₹20,000₹10,000₹11.5 Lakhs₹13.4 Lakhs
₹30,000₹15,000₹17.3 Lakhs₹20.1 Lakhs
₹50,000₹25,000₹28.9 Lakhs₹33.5 Lakhs
₹75,000₹37,500₹43.3 Lakhs₹50.2 Lakhs
₹1,00,000₹50,000₹57.8 Lakhs₹67.0 Lakhs
₹1,50,000₹75,000₹86.6 Lakhs₹1.00 Crore
₹2,00,000₹1,00,000₹1.16 Crore₹1.34 Crore

*Calculated at 8.5% interest rate, 50% FOIR with no existing EMIs. Actual eligibility depends on credit score, bank policy & property value.

GetInfoToYou Financial Tools Team
✍️ Published: January 2024 🔄 Last Updated: June 2026

Home Loan Eligibility — How Banks Calculate Your Eligibility

Banks determine your home loan eligibility based on multiple factors. Understanding these factors helps you maximize your loan amount and get the best possible offer. Our home loan eligibility calculator uses the same methodology as major Indian banks.

Key Factors for Home Loan Eligibility

  • Monthly Income (FOIR): Banks allow total EMIs (including new home loan) to be 40–60% of gross monthly income. This is called Fixed Obligation to Income Ratio.
  • CIBIL/Credit Score: Minimum 650 required; 750+ gets you the best rates (saves 0.1–0.5% on interest)
  • Age: Loan tenure must end before age 65–70. Younger applicants qualify for longer tenures.
  • Employment type: Salaried employees generally get better rates and higher eligibility vs self-employed
  • Property value: Banks lend up to 75–90% of property value (LTV ratio)
  • Existing liabilities: All existing EMIs reduce your eligible loan amount

How to Increase Home Loan Eligibility

  • Add a co-applicant: Spouse or parent's income added to yours can double eligibility
  • Clear existing loans: Paying off car loan or personal loan before applying increases available FOIR
  • Improve credit score: Pay all EMIs on time, reduce credit card utilization to below 30%
  • Choose longer tenure: 30-year tenure gives 15–20% higher loan amount vs 20 years
  • Declare all income: Include bonuses, rental income, and other regular income sources

FOIR — What It Means for You

FOIR (Fixed Obligation to Income Ratio) is the percentage of your income that goes toward loan EMIs. Most banks use:

  • 40% FOIR for incomes ≤ ₹25,000/month
  • 50% FOIR for incomes ₹25,000–₹1,00,000/month
  • 55–60% FOIR for incomes above ₹1,00,000/month

For example: ₹75,000 income × 50% FOIR = ₹37,500 max total EMI. If you have an existing car loan EMI of ₹8,000, your available home loan EMI is ₹29,500.

After Checking Eligibility

Once you know your eligible loan amount, use our home loan EMI calculator to find the monthly EMI. Also check current interest rates from all banks to find the best deal.

Home Loan Eligibility — FAQs

On ₹50,000 monthly salary with no existing EMIs, you can get approximately ₹28–35 lakh home loan at 8.5% for 20 years (50% FOIR = ₹25,000 max EMI). For 30-year tenure, this increases to ₹33–38 lakh. Adding a co-applicant spouse can nearly double your eligibility.

On ₹30,000 monthly salary with no existing EMIs, you can get approximately ₹17–20 lakh home loan at 8.5% for 20 years (50% FOIR = ₹15,000 max EMI). Banks may apply 40% FOIR for lower incomes, reducing this to ₹13–16 lakh. Longer 30-year tenure can increase this to ₹19–23 lakh.

Yes, CIBIL score significantly affects both eligibility and interest rate. With CIBIL 750+: best rates (SBI 7.25%, HDFC 7.90%), higher loan eligibility. With CIBIL 700–749: slightly higher rates (+0.1–0.25%). With CIBIL 650–699: rate premium of 0.25–0.50%, some banks may reject. Below 650: most banks will reject; consider improving score first.

Yes, and it's highly recommended. Adding a working spouse as co-applicant combines both incomes, significantly increasing loan eligibility. For example: ₹50,000 + ₹40,000 = ₹90,000 combined income → eligible for ~₹52 lakh vs ~₹29 lakh alone. Co-applicant also improves CIBIL score average. Women co-applicants also get 0.05% rate concession at SBI and HDFC.