Home loan eligibility
Estimate how large a home loan your income can support, using the FOIR banks apply to cap your total EMIs, and see how existing loans and the tenure change it.
Runs entirely in your browserRuns entirely on your device — nothing you type is sent anywhere. Educational only, and not investment advice.
How to use this calculator
Each step names a control you will find on screen above.
- Net monthly income
Your take-home monthly income. Banks assess against net, not gross, pay.
- Existing monthly EMIs
The total of any car, personal or other loan EMIs you already pay — they come straight out of what is available for a home loan.
- Interest rate and tenure
The home-loan rate and the term in years. A longer tenure lifts eligibility but raises the total interest paid.
- FOIR
The share of income a bank will let all your EMIs together consume — usually 40–55%. Drag it to your bank’s policy.
Worked example: ₹1 lakh income, no existing loans
Net monthly income of ₹1,00,000, no existing EMIs, at 8.5% over 20 years with a 50% FOIR.
What to enter
- Net monthly income
- ₹1,00,000
- Existing monthly EMIs
- ₹0
- Interest rate
- 8.5%
- Tenure
- 20 years
- FOIR
- 50%
What it shows you
- Max total EMIs
- ₹50,000
- EMI you can afford
- ₹50,000
- Eligible loan
- ≈ ₹57.6 lakh
- With a ₹15,000 existing EMI
- Drops to ~₹40 lakh
Where this is taught
A calculator gives you a number. These explain what the number means and when it misleads you.
- Risk & Psychology11 minPrepay the home loan or invest?The most common financial question in India, worked through properly — including the tax regime detail that changes the answer.
- Market Basics11 minWhich loans to clear before you invest a rupeeClearing a 42% credit card is a guaranteed, tax-free 42% return. Clearing an 8.5% home loan usually is not. The order matters more than the effort.
- Market Basics13 minWhat a loan actually costs: flat rate, reducing balance and "no-cost" EMIThe same loan can be quoted at 10% or at 18% without either number being false. Converting a quote, pricing the fees, and reading a no-cost EMI.