Home Loan Eligibility Calculator 2026

How much loan you can get based on your income and existing obligations

Net monthly income (in-hand)

₹

₹20,000₹10.00 L

Existing monthly EMIs (car, personal loans, etc.)

₹

₹0₹5.00 L

FOIR (% of income banks allow toward EMIs)

30%70%

Interest rate

6%15%

Loan tenure

Yrs

1 Yr30 Yrs

Your own contribution (down payment)

₹

₹0₹5.00 Cr

You're eligible for a loan of

₹57.62 L

at 8.5% over 20 years.

Max affordable EMI₹50,000/mo

+ Your contribution₹10.00 L

Property you can afford₹67.62 L

Loan vs Down payment

Loan eligible

₹57.62 L

Own contribution

₹10.00 L

To buy a property worth ₹67.62 L at the 80% LTV cap that applies to this loan size, you'll need a down payment of at least ₹13.52 L.

Your current own contribution is below 20% of the target property value. Either increase your down payment or aim for a property up to ₹67.62 L (capped by the applicable RBI LTV limit: 90% up to ₹30L, 80% to ₹75L, 75% above).

Credit Underwriting Architecture

Decoding Mortgage Eligibility: How Indian Banks Determine Your Borrowing Ceiling

Bank credit underwriters determine your maximum loan entitlement using a mathematical parameter called Fixed Obligation to Income Ratio (FOIR) alongside Loan-to-Value (LTV) constraints. Understanding how your salary, age, and existing credit commitments influence underwriting formulas enables you to structure your finances for maximum loan approval.

The FOIR Metric (40%–60%)

Banks mandate that your total monthly debt payments (existing credit card/car EMIs + new home loan EMI) must not exceed 50% to 60% of your verifiable net take-home pay.

RBI Loan-to-Value (LTV) Limits

By RBI mandate: Loans up to ₹30L qualify for up to 90% LTV; ₹30L to ₹75L qualify for 80% LTV; and loans above ₹75L are capped at 75% LTV. You must fund the remaining cost as personal equity down payment.

Co-Applicant Leverage

Adding a working spouse or parent as a co-borrower pools household incomes together into the FOIR formula, frequently boosting borrowing capacity by 50% to 80%.

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