Home Loan Eligibility Calculator
Find out the maximum home loan amount you qualify for based on your income, existing obligations, and age. Uses RBI's FOIR guidelines.
FOIR-Based Co-applicant Support Eligibility Score
Maximum Loan Eligibility ₹36,87,387 Based on FOIR guidelines
Recommended Loan ₹29,49,909 80% of max (safer buffer)
Max Monthly EMI ₹32,000 After existing obligations
Combined Income ₹80,000 Primary + co-applicant
Free Monthly Income ₹48,000 After all obligations
Max Tenure Available 20 yrs Age-adjusted
Eligibility Score
68 Moderate
Low Moderate Strong
Score factors: Income level (40pts), age profile (30pts), debt obligations (30pts).
How Eligibility is Calculated
FOIR (Fixed Obligation to Income Ratio)
Max EMI = Total Income × FOIR − Existing EMIs
Max Loan = Max EMI × [(1+r)^n − 1] / [r × (1+r)^n]
Salaried/NRI FOIR: 40% | Self-employed FOIR: 50%
Tips to Improve Eligibility
- Add a co-applicant (spouse/parent) to combine incomes and boost eligibility significantly.
- Close existing loans and credit card dues before applying — every ₹1,000 in EMIs reduces eligibility by ₹1–1.5L.
- Maintain a CIBIL score above 750. Scores below 650 often result in rejections or higher rates.
- Choose a longer tenure (25–30 years) to reduce monthly EMI commitment and qualify for a larger loan.
- Salaried employees in government/PSU get preferential FOIR treatment at most banks.
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Max Eligible Loan ₹36,87,387