Your Income

Take-home pay after PF and tax, not CTC ÷ 12 — use the salary calculator if you only know your CTC
Car loan, personal loan, credit-card instalments — everything already committed
The share of income a lender lets your total EMIs reach. SBI publishes an EMI/NMI band of 20%–70% across income slabs; 50% is a common working figure

The Loan

Lenders normally require the loan to end by age 60–70, so your age caps this
Optional — but without it no calculator can tell you whether the down payment, not your income, is what limits you

Two Limits, Not One

Almost every home loan eligibility calculator asks for your income and nothing else. It multiplies that income by a hidden ratio, works backwards from the EMI, and prints a number. For a large share of first-time buyers that number is simply wrong — because the thing actually limiting their loan is not their salary, it is how much of the property price a lender is allowed to fund. This calculator applies both limits and tells you which one is binding.

The Income Limit: FOIR

FOIR — Fixed Obligation to Income Ratio — is the share of your net monthly income that a lender will let your total EMIs reach. If your take-home is ₹1,00,000 and the lender works to 50%, your EMIs may total ₹50,000; if you already pay ₹12,000 on a car loan, only ₹38,000 is left for the home loan. That figure is then converted into a loan amount at the interest rate and tenure you choose. There is no statutory FOIR: it is each lender's credit policy, it moves with your income level, credit score and employer, and almost nobody publishes it. SBI is the exception — it states that its EMI to net-monthly-income ratio ranges from 20% to 70% across net-annual-income slabs. That is why FOIR is an editable field on this page rather than a constant buried in the code: two calculators can give you different answers for the same income and neither will tell you why.

The Property Limit: LTV

The Reserve Bank caps how much of a property's value a housing loan may cover: 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh, and 75% above ₹75 lakh (circular DBR.BP.BC.No.44/08.12.015/2015-16 dated 8 October 2015, carried into the Master Circular on Housing Finance). Note carefully that the band is chosen by the loan amount, not the property value — and that creates a trap. On a ₹35 lakh flat, 90% would be ₹31.5 lakh, but a ₹31.5 lakh loan sits in the 80% band, which allows only ₹28 lakh. The real maximum is ₹30 lakh. In fact the ceiling is stuck at ₹30 lakh for every property valued between ₹33.33 lakh and ₹37.5 lakh, so in that range every extra rupee of price comes straight out of your pocket. This calculator solves that boundary properly instead of ignoring it.

What Your Own Contribution Really Is

Whatever the loan does not cover, you pay. And the LTV is calculated on the property value alone — stamp duty, registration and brokerage sit outside it, on top of the down payment. In most states that is another 5–8% of the price. A buyer who budgets only the headline 10% or 20% margin is short by a large amount on the day of registration.

Tenure, Age and What Else Decides

A longer tenure lowers the EMI and therefore raises the loan your income supports — but lenders normally require the loan to close by age 60 to 70, so your age caps the tenure you can actually ask for. Beyond the arithmetic, sanction depends on your credit score, employment type and stability, the property's legal and technical appraisal, and the lender's own grid. Adding a co-applicant with income is the single most effective way to lift the FOIR-derived figure; it does nothing at all for the LTV ceiling. Once you know your number, the home loan EMI calculator shows the repayment, and the prepayment calculator shows what paying it down early is worth.

FAQs about Home Loan Eligibility Calculator

It is the lower of two figures: what your income supports at the lender's FOIR (typically about half your net monthly income, minus existing EMIs, converted into a loan at your rate and tenure), and what the property allows under the RBI LTV ceiling. This calculator computes both and tells you which one is limiting you.
Fixed Obligation to Income Ratio — the share of your net monthly income a lender lets all your EMIs occupy. There is no regulated figure; it is credit policy and varies by lender and income band. SBI publishes an EMI/NMI range of 20% to 70% across income slabs. This calculator makes FOIR an input so you can see exactly what was assumed.
RBI caps it at 90% of the property value for loans up to ₹30 lakh, 80% for loans between ₹30 lakh and ₹75 lakh, and 75% above ₹75 lakh. The band is set by the loan amount, not the property price, which is why the maximum does not rise smoothly with property value.
No. The LTV is computed on the property value, and stamp duty, registration and brokerage sit outside it — you fund those in addition to the down payment. Budget roughly another 5–8% of the price depending on your state.
Between about ₹33.33 lakh and ₹37.5 lakh of property value the LTV ceiling stays flat at ₹30 lakh: 90% of the price would push the loan out of the 90% band, while 80% of the price is still under ₹30 lakh. In that range a costlier property costs you rupee for rupee in down payment.
It increases the income-based figure, because the co-applicant's income is added before FOIR is applied — that is why joint applications routinely raise the sanction. It has no effect on the LTV ceiling, so if the property is what limits you, a co-applicant will not help.
A longer tenure lowers the EMI for the same loan, so the same income supports a larger amount. The catch is that lenders want the loan repaid by age 60–70, so your age caps the tenure — and a longer tenure costs substantially more interest over the life of the loan.