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Home Loan Eligibility Calculator

How much home loan you can get on your salary

Reviewed by the PaisaTools Editorial Team · Last reviewed September 2026

₹

Your in-hand salary per month, after deductions

₹

Total of any car / personal / other loan EMIs you already pay

%

Typical home-loan rates are around 8–9% per year

yrs

Longer tenure = higher eligibility, but more total interest

%

The share of income banks allow for all EMIs combined — usually 40–55%

You're eligible for about

₹34,56,925

Affordable EMI per month

₹30,000

Total interest over 20 years

₹37,43,075

Total amount repaid

₹72,00,000

How the bank sees it

Income available for EMIs (FOIR)₹30,000/mo
Less: your existing EMIs—
EMI you can afford₹30,000/mo
Loan that EMI supports @ 8.5% / 20y₹34,56,925

Most lenders also need the property value to cover the loan (they fund up to ~75–90% of it) and check your credit score — this is the income-based ceiling, your starting point.

See the full EMI schedule for ₹34,56,925

This tells you how much home loan you can get on your salary using the same logic banks apply. It starts from your net monthly income, applies the FOIR cap (the share of income allowed for EMIs), subtracts any existing EMIs, and back-calculates the largest loan that the leftover EMI can support at your interest rate and tenure.

The three levers that move your eligibility most are income (more income, more headroom), existing EMIs (each one eats into your FOIR limit) and tenure (a longer tenure lowers the EMI per lakh, so you qualify for more — at the cost of extra interest). Adjust the sliders to match your situation and a lender's likely assumptions.

Remember this is the income-based ceiling. The amount a bank finally sanctions also depends on the property value (they fund ~75–90% of it), your credit score and profile. Use the figure as your realistic upper bound, then check the monthly cost with our EMI calculator.

Eligibility is computed from the standard FOIR (Fixed Obligation to Income Ratio) method used by Indian lenders — affordable EMI = (FOIR × net monthly income) − existing EMIs — and the loan principal is the inverse of the EMI formula P = EMI × ((1+r)ⁿ − 1) / (r(1+r)ⁿ) for monthly rate r and n months. FOIR bands (40–55%) and LTV limits (75–90%) follow common lender and RBI guidelines. Final sanction is at the lender's discretion.

  • Each lender sets its own FOIR, rate and rules — this is an estimate, not an approval.
  • Ignores credit score, employer category and the property valuation.
How much home loan can I get on my salary?
As a rough rule, banks let you borrow about 50–60 times your net monthly income, depending on your interest rate, tenure and existing EMIs. For example, on a ₹60,000/month take-home with no other loans, a 20-year loan at 8.5% works out to roughly ₹34–35 lakh. Enter your exact numbers above for your figure.
What is FOIR and why does it decide my eligibility?
FOIR (Fixed Obligation to Income Ratio) is the share of your income a bank allows to go toward all EMIs combined — usually 40–55%. So if your FOIR cap is 50% of a ₹60,000 income, that's ₹30,000/month for EMIs. Any existing EMIs are subtracted first, and what's left is back-calculated into the largest loan you can get.
Does a longer tenure increase my eligibility?
Yes. A longer tenure lowers the EMI per lakh borrowed, so the same affordable EMI supports a larger loan — which raises your eligibility. The trade-off is much more total interest over the life of the loan. The calculator shows both, so you can see the cost of stretching the tenure.
Will I actually get the full eligible amount?
This is the income-based ceiling — your starting point. The final sanction also depends on the property value (lenders fund only about 75–90% of it, called the LTV), your credit score, age, job stability and the lender's own policy. Treat the figure here as the maximum your income supports, not a guaranteed sanction.
Do existing EMIs reduce how much I can borrow?
Significantly. Existing car, personal or other loan EMIs are deducted from your FOIR limit before the home-loan EMI is worked out. Clearing or reducing them before applying is one of the fastest ways to increase your home-loan eligibility.
Should I use gross or in-hand salary?
Use your net (in-hand) monthly salary — what actually reaches your account after PF and tax. Banks assess affordability on take-home income, not the headline CTC. If you only know your CTC, work out the in-hand first with our In-Hand Salary Calculator.

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