Rajkumar Anguluri·Software Engineer · Founder, Artha Engine·Last reviewed 8 April 2026·Methodology
Independent decision-support tool. Artha Engine is not a financial services provider, does not sell loans or insurance, and has no commission relationships with banks or insurers.
Loan Eligibility Calculator
How large a home loan will banks actually sanction you? Apply the FOIR rule lenders use, see what a co-applicant or clearing existing EMIs unlocks, and stress-test it against a rate hike before you apply.
Your profile
The FOIR approach mirrors how Indian banks actually cap loan amounts for salaried borrowers.
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Maximum loan lenders will likely approve
₹73.6L
You're eligible for this loan range
Based on the FOIR rule banks use for salaried borrowers. Actual sanction depends on credit score, age, and lender policy.
Run the affordability tool next — lender eligibility is a ceiling, not a target.
Household income
₹1,50,000
FOIR EMI ceiling
₹75,000
50% of household income.
Available for new EMI
₹65,000
Max loan amount
₹73.6L
Post-EMI monthly buffer
₹75,000
Benchmarks
Add a co-applicant
-44.7%You
₹73.6L
Benchmark
₹1.3Cr
How much adding a second income expands sanctioned loan.
Clear existing EMIs
-13.3%You
₹73.6L
Benchmark
₹84.9L
Debt-free borrowers unlock the full FOIR ceiling.
If rates rise 1%
+7.3%You
₹73.6L
Benchmark
₹68.5L
Sanctioned amount compresses when rates rise.
What moves the result most
Holding everything else fixed, here is how the headline shifts when each input swings by a typical range.
Next best actions
The result hints at what to look at next. Each link carries your current numbers so you never re-enter them.
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Save it to your account so you can revisit it anytime, or share the scenario with someone who needs to see it.
At a glance
- What it does
- Computes the maximum home loan banks are likely to approve based on household income, existing EMIs, and the FOIR ceiling.
- FOIR ceiling
- Most Indian banks cap FOIR at 50% for salaried borrowers, 40% for self-employed.
- Typical output
- On ₹1.5L/month income with zero existing EMIs, banks typically sanction ₹65-75L at 8.75% over 20 years.
- Best used for
- Sizing your property budget before visiting a lender, and stress-testing against your actual cash flow.
How It Works
This is the drill-down layer. The flagship flow leads with a recommendation, and this page lets you inspect the underlying model.
- FOIR = (Existing EMIs + Proposed EMI) / Household Income.
- Most banks cap FOIR at 50-55% for salaried borrowers.
- Max EMI = FOIR ceiling − existing EMIs. Max loan = inverse EMI formula at the chosen rate and tenure.
Assumptions
The recommendation stays blunt, but the assumptions remain visible.
- Uses the standard FOIR approach; some lenders use income multiples or credit-score multipliers instead.
- Co-applicant income is added at the same FOIR ratio, which is common but lender-dependent.
- Credit score, age cut-offs, and employer category are not modelled — these can raise or lower the final sanction.
FAQ
The follow-up questions people usually ask after the main recommendation is already clear.
What's the difference between eligibility and affordability?
Eligibility is what the bank will lend you. Affordability is what you can actually repay safely. The affordability tool layers a cash-flow buffer check on top of the FOIR math — always check both.
Does a co-applicant always help?
It does on paper: adding a co-applicant roughly doubles the FOIR ceiling. But it also couples both borrowers to the debt — if the co-applicant's income disappears, the loan still has to be serviced.
Why does my eligibility change across lenders?
Lenders use different FOIR ceilings (40-55%), different tenure caps, and different income multipliers for the self-employed. Use this tool as a starting point and confirm with your lender.
Sources & references
Every formula and assumption above is grounded in these authoritative sources.
Related tools & decisions
Keep going from here — each link carries the same cluster context.
What to do next
Comparison pages
No direct comparison yet.
Calculations and decision frameworks, not personalised financial advice. The numbers on this page are based on the inputs you supplied and the regulatory rules in effect when this page was last reviewed. They are not a recommendation to buy, sell, hold, port, or surrender any specific financial product. Consult a SEBI-registered investment advisor, a qualified tax professional, or a licensed insurance broker before acting on a financial decision involving your money.
Artha Engine is an educational decision-support website. We do not offer loans, sell insurance, distribute mutual funds, provide regulated investment advice, collect loan applications, or receive commissions from banks, insurers, AMCs, brokers, or other financial providers. References to RBI, SEBI, IRDAI, Income Tax Department, or other authorities are source citations only. Artha Engine is not affiliated with, endorsed by, or sponsored by any government authority, regulator, bank, insurer, AMC, or broker. Artha Engine does not charge users fees for using calculators, comparison tools, articles, or financial health scoring. Mailing address: India.
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