Home Loan Eligibility Calculator

FOIR stands for Fixed Obligations to Income Ratio — the share of your monthly gross income that a bank lets you spend on all EMIs combined (the new home loan plus any existing loans). HDFC, SBI, ICICI, Axis, and Kotak typically cap FOIR at 50% for incomes up to ₹1L/month, 55% for ₹1–3L/month, and up to 60% for ₹3L+/month. So if you earn ₹80,000 and the bank uses a 50% FOIR, your total EMI ceiling is ₹40,000 — minus any existing EMIs you're already servicing. The leftover is what the bank back-calculates the principal from.

Indian banks require the loan to end before retirement — typically by age 65 for salaried borrowers and 70 for self-employed. So if you apply at 50, your maximum tenure is 15 years (65 − 50), even if the bank advertises 30-year home loans. A shorter tenure means a higher EMI for the same principal, which means a smaller loan amount fits inside your FOIR. A 30-year-old asking for the same loan can spread it over 30 years and qualify for substantially more than a 50-year-old on the same income.

Yes — significantly. If your spouse or parent is also earning, banks add their net income to yours and apply FOIR on the combined figure, often 1.5–2× your solo eligibility. The co-applicant must be co-owner of the property (or close blood relative — spouse, parent, sibling, child) and have an acceptable CIBIL score. As a bonus, both applicants can independently claim Section 80C principal repayment (₹1.5L each) and Section 24 interest deduction (₹2L each), effectively doubling the tax benefit. This calculator computes solo eligibility — for joint, just sum both incomes in the income field.

Your CIBIL score does not change the FOIR-based principal calculation directly — but it determines (1) whether the bank approves you at all and (2) the interest rate you get. A CIBIL score of 750+ qualifies for the best published rates (currently around 8.25–8.5% for salaried). Scores between 700–749 typically get 0.25–0.5% higher; below 700 you may face rejection or rates 1–1.5% higher. A higher rate means a higher EMI for the same principal, which shrinks the loan that fits inside your FOIR. A 1% rate jump on a ₹50L, 20-year loan raises the EMI by roughly ₹3,000/month and cuts eligibility by ~₹3.5L.

Eligibility is calculated on the principal, not the all-in cost. Banks charge a one-time processing fee of 0.25–1% of the loan (capped by HDFC and SBI; uncapped at most private banks), plus 18% GST on that fee. Most lenders also push optional insurance (loan cover term assurance, property insurance). These are typically paid upfront or added to the disbursal — they don't change your sanctioned amount but reduce the cash that actually reaches the seller. Always ask for the all-in APR before signing.

This calculator uses the same FOIR-and-tenure-cap logic that all major Indian banks publish and follow. Real sanctions can vary by ±10–15% because banks also factor in (1) your employer category — A-listed corporates get a higher FOIR than self-employed in unrated industries, (2) your years in current job (less than 2 years often invites a haircut), (3) the property's legal and technical valuation (banks lend up to 80% of the lower of agreement value or their valuer's estimate, not your asking price), and (4) ongoing credit card utilisation (high utilisation can shave 5–10% off eligibility). Use this number as the realistic top of your shopping range, then get a sanction-in-principle letter from 2–3 banks before booking.