How is home loan eligibility calculated in India?

Banks calculate eligibility based on FOIR (Fixed Obligations to Income Ratio). Typically, total EMIs including new home loan should not exceed 50-60% of net monthly income. Other factors include age, credit score, employment type, and existing loans.

How much home loan can I get on 50,000 salary?

With ₹50,000 monthly salary and no existing EMIs, you can typically get a home loan of ₹25-35 lakhs for 20 years at 8.5% interest. The exact amount depends on your credit score, employer, and bank policies.

What credit score is needed for home loan in India?

Most banks require a minimum CIBIL score of 650-700 for home loans. Higher scores (750+) get better interest rates. Below 650 may result in rejection or higher interest rates.

Can I get 100% home loan financing in India?

No, banks finance only 75-90% of property value (LTV). For properties up to ₹30 lakh, LTV is 90%. For ₹30-75 lakh, it's 80%. Above ₹75 lakh, it's 75%. You need to arrange the rest as down payment.

Does existing car loan affect home loan eligibility?

Yes, existing EMIs (car loan, personal loan, credit card dues) reduce your home loan eligibility as they count towards FOIR. Closing existing loans before applying can significantly increase your home loan eligibility.

Home Loan Eligibility Calculator

Check how much home loan you can get based on your income, existing EMIs, and credit score. Compare eligibility across major Indian banks instantly.

Summary

Estimate loan eligibility from income and EMIs.
Compare limits across major banks.
Plan down payment and budget confidently.

Your Financial Details

Income Details

Monthly Net Income (₹)

Take-home salary after TDS

Other Monthly Income (₹)

Rental, dividends, etc.

Employment Type

Your Age (Years)

Existing Loans

Existing Monthly EMIs (₹)

Car loan, personal loan, credit card

Credit Score (CIBIL)

Loan Preferences

Preferred Tenure (Years)

Expected Interest Rate (%)

FOIR Limit (%)

Select the max EMI-to-income ratio

City Category

Used to estimate LTV guidance

Budget Planning

Down Payment Available (₹)

Cash you can contribute upfront

Your Home Loan Eligibility

₹45.8 L

Maximum loan you can get

Monthly EMI ₹39,375

EMI as % of Income 52.5%

Max Property Value ₹57.3 L

Down Payment Needed ₹11.5 L

Max Property (by Down Payment) ₹75 L

FOIR Status

Your FOIR is 52.5% which is within acceptable range (max 60%)

Bank-wise Eligibility Estimate

️ SBI

₹46.2 L

HDFC

₹45.8 L

ICICI

₹44.5 L

Axis Bank

₹43.9 L

*Estimates based on typical criteria. Actual may vary.

Increase Your Eligibility

Close existing loans to reduce FOIR and increase eligibility by up to 30%

+ Add spouse as co-applicant to combine incomes and double eligibility

Choose longer tenure (25-30 years) to increase loan amount

Found Your Dream Home?

Manage your property effortlessly with Rentrovio. Track EMIs, expenses, and generate rent receipts for tax benefits.

Start Managing for Free

Home Loan Eligibility Calculator

Your Financial Details

Income Details

Existing Loans

Loan Preferences

Budget Planning

Your Home Loan Eligibility

Bank-wise Eligibility Estimate

Increase Your Eligibility

Found Your Dream Home?

More Free Tools

EMI Calculator

Stamp Duty

Rent vs Buy

Rent Agreement