Find out the maximum loan amount you qualify for based on your net monthly income, existing EMI obligations, and the loan terms offered by the bank.
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Your monthly take-home salary after all deductions — not gross or CTC.
Total of all current EMI payments — car loan, credit card, personal loans.
Current home loan rates start at ~8.5%. Longer tenure = more loan eligibility but more interest.
FOIR (Fixed Obligation to Income Ratio) is the maximum percentage of income banks allow for EMI payments. Most Indian banks use 40–50%. High credit score holders may get 55–60%.
Fixed Obligation to Income Ratio — the percentage of your monthly income a bank allows for total EMI payments. At 50% FOIR on ₹60,000 income, maximum EMIs allowed = ₹30,000/month.
Add a co-applicant (spouse/parent) to combine incomes. Repay existing loans before applying. Opt for a longer tenure (increases eligible amount). Improve credit score above 750.
No — this shows raw eligibility. Under old tax regime, Section 24(b) allows ₹2L deduction on home loan interest annually, which effectively reduces the net cost of borrowing.
No — actual loan eligibility also considers credit score, employment type, job stability, property value (for home loans), and the bank's internal policies. This calculator gives a preliminary estimate.
Lenders typically allow EMI up to 40-50% of your gross monthly income. For a monthly salary of Rs 50,000, maximum EMI is Rs 20,000-25,000. The loan amount depends on the interest rate and tenure.