How is home loan eligibility calculated?

Banks calculate your home loan eligibility primarily based on your net monthly income and existing EMIs, using a metric called FOIR (Fixed Obligation to Income Ratio). Generally, your total EMIs (including the new home loan) should not exceed 50% of your net income.

How much home loan can I get on a 50000 salary?

Assuming you have no existing EMIs and a FOIR of 50%, you can afford a new EMI of ₹25,000. At an 8.5% interest rate over 20 years, your maximum home loan eligibility would be approximately ₹28 Lakhs.

Can I include my spouse's income to increase eligibility?

Yes, you can add a co-applicant (spouse, parents, or siblings). The bank will combine both incomes, which increases your overall FOIR limit and significantly boosts your total eligible loan amount.

Home Loan Eligibility Calculator

Find out exactly how much a bank will lend you for your dream home. Based on strict FOIR underwriting rules, not guesswork.

＋Equis / Underwriting Analytics

FORM ELIGIBILITY · REV. 01

Net Monthly Salary

After taxes & deductions

₹

Total Existing EMIs

All active loans combined

₹

Target Interest Rate

For the new loan

Target Tenure

Years

APPROVED

Underwriting Report

Your Current FOIR15%

Bank's Max Allowed FOIR50%

Max New EMI Affordable₹35,000/mo

Max Eligible Loan₹40,33,079

Profile Status

Good

Based on your salary bracket, banks will allow up to 50% of your income to go towards EMIs.

The Math Behind Home Loan Eligibility Calculator

Banks do not calculate eligibility based purely on your CIBIL score. They use a strict mathematical underwriting formula known as the Fixed Obligation to Income Ratio (FOIR).

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1. The FOIR Limit

For home loans, banks prefer your total EMIs (including the new one) to stay under 50% of your net monthly income.

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2. Stretch Factor

For very high income brackets (> ₹3L/month), banks may stretch the FOIR up to 65% because discretionary living expenses are proportionally lower.

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3. Hidden Debt Trap

Applying for loans you are not eligible for triggers 'Hard Inquiries' on your CIBIL, instantly dropping your score and making future approvals harder.

Frequently Asked Questions

How does Home Loan Eligibility Calculator reverse-engineer the loan amount?expand_more

First, we calculate your max affordable EMI based on your net income minus existing EMIs. Then, we use the reverse EMI formula (P = (E * ((1+r)^n - 1)) / (r * (1+r)^n)) to mathematically determine the exact maximum principal balance the bank will approve.

Why is my status showing as 'Rejected (Overleveraged)'?expand_more

If your existing monthly EMIs already consume more than 50% of your net income, you cross the risk threshold. Banks classify this as overleveraged and will auto-reject your application regardless of your CIBIL score.