Home Loan Eligibility Checker

Don't apply blindly and hurt your CIBIL score. Calculate your exact home loan limit using the same mathematics your bank uses.

＋Equis / Underwriting Analytics
Net Monthly Salary
₹
Total Existing EMIs
₹
Target Interest Rate
%
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 Checker

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 Checker 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.
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Frequently Asked Questions

Does this home loan eligibility calculator match SBI and HDFC rules for 2026?expand_more
Yes, this calculator uses the standard FOIR (Fixed Obligation to Income Ratio) and LTV (Loan-to-Value) caps used by top Indian banks like SBI and HDFC in 2026. It accounts for your net salary, age, and existing EMIs to give an accurate estimate of the maximum loan amount you can get approved for.
How is home loan eligibility calculated?expand_more
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?expand_more
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?expand_more
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 ke liye minimum salary kitni chahiye 2026 mein?expand_more
Most banks minimum ₹25,000-30,000 net monthly salary maangte hain home loan ke liye. SBI ka minimum income requirement typically ₹25,000/month hai urban areas mein. However, eligibility sirf salary pe nahi, FOIR, CIBIL score, aur property value pe bhi depend karti hai.
Home loan pe income tax kaise bachta hai?expand_more
Section 24(b) ke tahat interest payment par max ₹2 Lakh/year deduction milta hai. Section 80C ke tahat principal repayment par max ₹1.5 Lakh deduction milta hai. Total tax saving potential = ₹3.5 Lakh/year on a high-income taxpayer in 30% bracket = ₹1.05 Lakh actual tax saving per year.