⚠️ Note: Rates and limits shown are indicative and based on rules at time of publishing. Government rates, tax slabs, and limits change periodically — please verify current figures from official sources before making financial decisions.
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Home Loan Eligibility Calculator India – Max Loan Amount
Calculate your maximum home loan eligibility based on monthly income, existing EMIs, and bank FOIR (Fixed Obligation to Income Ratio) norms used by Indian banks like SBI, HDFC, and ICICI.
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Home Loan Eligibility Formula
Max EMI = (Net Income × FOIR%) − Existing EMIs Max Loan = Max EMI × [(1+r)ⁿ−1] / [r×(1+r)ⁿ] Where r = monthly rate, n = months
₹80,000 income, 0 EMI, 8.5%, 20 years, 50% FOIR: Max EMI = 80,000 × 50% = ₹40,000 Max Loan Eligibility ≈ ₹47,50,000
Frequently Asked Questions
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that banks allow for all EMIs combined. Most banks use 40–60% FOIR depending on income level and credit profile.
On a ₹50,000 monthly salary with no existing EMIs at 8.5% for 20 years, you could be eligible for approximately ₹25–30 lakh home loan, assuming 50% FOIR. Actual eligibility varies by bank and credit score.