Home Loan Eligibility Calculator
The largest home loan your income supports, capped by RBI's loan-to-value limits, and what raises it. Plain maths, no phone number.
With ₹1 lakh a month take-home, ₹10,000 of other EMIs and a lender that lets EMIs take half your income, the EMI room is ₹40,000: at 8.5% for 20 years that supports a loan of about ₹46.09 lakh. On a ₹50 lakh home, though, RBI's 80% cap allows only ₹40.00 lakh, so you need ₹10.00 lakh down, plus stamp duty and registration.
The words on this page, explained simply
New to this? Here is what each term means, in plain English.
- FOIR (EMI limit)
- Fixed obligations to income ratio: the share of your monthly income that all your EMIs together may take, including the new loan. Each lender sets its own, often around half.
- EMI (equated monthly instalment)
- The same amount you pay the lender every month until the loan is repaid. Each EMI pays that month's interest first; the rest reduces what you owe.
- LTV (loan-to-value)
- The loan as a share of the property's price. RBI lets banks lend at most 90% for loans up to ₹30 lakh, 80% up to ₹75 lakh and 75% above.
- Down payment
- The part of the home's price you pay from your own money. Stamp duty and registration are on top of it.
- Co-applicant
- A second borrower, usually a spouse or parent, whose income the lender adds to yours. They are equally responsible for repaying.
- Tenure
- How long you take to repay the loan. A longer tenure means a smaller EMI but much more interest in total.
- Reducing balance
- Interest charged only on what you still owe, which shrinks every month. Banks quote home, car and personal loan rates this way.
Two things set how much a bank will lend you for a home. First, your income: the bank lets your EMIs, including the new one, take up only a share of what you earn each month. Second, the property's value: RBI caps the loan at 90%, 80% or 75% of it, depending on the loan's size. You get the lower of the two.
Enter your numbers to see both limits, the down payment you need and what would raise your eligibility. Nothing you enter leaves your browser.
1. The income limit (FOIR)
Lenders call the share of income your EMIs may take the FOIR, the fixed obligations to income ratio. No regulation sets it, so each lender has its own, and it usually rises with income. The calculator uses 50% as an example; ask your lender for its figure and enter it. Existing EMIs, such as a car or personal loan, come off the room first. Credit card dues may count too.
The EMI room then becomes a loan amount at the interest rate and tenure you enter. A longer tenure gives a bigger loan for the same EMI, but you pay much more interest.
2. RBI's loan-to-value limit
| Loan amount | Most a bank may lend |
|---|---|
| Up to ₹30 lakh | 90% of the property's value |
| ₹30 lakh to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Stamp duty, registration and other documentation charges do not count as part of the property's cost, so you pay them yourself, on top of the down payment. The one exception is a home costing ₹10 lakh or less. Source: RBI Master Circular on Housing Finance, 1 April 2025.
What raises your eligibility
Add a co-applicant with an income: lenders add incomes together. Close a small loan first, because every rupee of EMI you clear frees a rupee for the home loan. A longer tenure helps, though many lenders want the loan repaid by your retirement. And a better credit score can get you a lower rate.
Key takeaways
- Eligibility = the lower of the income limit and RBI's loan-to-value limit.
- EMI room = take-home pay × the lender's FOIR − EMIs you already pay.
- Stamp duty and registration are paid by you, on top of the down payment.
Frequently asked questions
How much home loan can I get on my salary?
Roughly: take your monthly take-home pay, multiply by the share your lender allows for EMIs (often around half), subtract your existing EMIs, and turn that EMI into a loan at the bank's rate and tenure. With ₹1 lakh a month, ₹10,000 of other EMIs and a 50% limit, that is about ₹46.09 lakh at 8.5% over 20 years.
What is FOIR in a home loan?
The fixed obligations to income ratio: the share of your monthly income that all your EMIs together may take, including the new home loan. Each lender sets its own; it is not fixed by RBI.
How much down payment is needed for a home loan?
At least 10% of the property's value for loans up to ₹30 lakh, 20% for loans from ₹30 lakh to ₹75 lakh and 25% above ₹75 lakh, under RBI's limits. Stamp duty and registration are extra.
Does a co-applicant increase home loan eligibility?
Yes. Lenders add the co-applicant's income, and subtract their EMIs, before applying the income limit.
Can stamp duty be included in the home loan?
Not as a rule: RBI tells banks to leave stamp duty, registration and documentation charges out of the property's cost. The exception is a home costing ₹10 lakh or less.