How is home loan eligibility calculated?

Home loan eligibility is primarily calculated using the Fixed Obligation to Income Ratio (FOIR). Banks allow 40% to 55% of your net monthly income to be used for EMIs, deducting any existing EMIs you are currently paying.

What factors affect home loan eligibility?

Key factors include monthly net income, age (which determines maximum loan tenure), existing loans/EMIs, credit score (CIBIL), and the property valuation.

Can I increase my home loan eligibility?

Yes, you can increase eligibility by adding a co-applicant (e.g., spouse), declaring additional income sources, paying off existing debts/EMIs, or choosing a longer loan tenure.

What factors determine home loan eligibility?

Eligibility depends on monthly income, existing debt obligations (FOIR ratio), credit score, age, and property valuation.

How can I increase my eligible loan amount?

You can increase eligibility by adding a co-applicant (spouse/parents), clearing existing personal debts, or choosing a longer tenure.

Can I embed this tool on my website?

Yes, this tool can be embedded using our free iframe embed code.

Home Loan Eligibility Calculator - Check Loan Eligibility

Financial Parameters

Net Monthly Income (Salary/Business)

₹

Age

years

Existing Loan EMIs

₹

Interest Rate 8.5%

Loan Tenure 20 Years

What is FOIR and how is it used?

**Fixed Obligation to Income Ratio (FOIR)** is the parameter banks use to check your loan paying capacity. It represents the percentage of monthly income you can afford to allocate for all your EMIs.

Usually, banks restrict the FOIR between **40% and 55%** depending on your salary tier. Any existing EMI commitments are deducted directly from this allowed pool, reducing your eligibility.

Eligible Loan Amount Excellent

3,245,000

Eligibility Breakdown

Income Checked ₹50,000

Permitted FOIR 50%

Max Permissible EMI ₹25,000

Available EMI Budget ₹15,000

Assumed Term 20 Years

Typical Income Reference Budgets

Quick load net monthly salaries to test approvals:

Property space calculations follow standard RERA specifications and municipal builder metrics.