Reviewed by Artha Research·Last updated 8 April 2026
Loan Eligibility Calculator
Estimate the maximum home loan you're likely to be sanctioned based on the FOIR rule banks use.
Your profile
The FOIR approach mirrors how Indian banks actually cap loan amounts for salaried borrowers.
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
Next best actions
The result hints at what to look at next. Each link carries your current numbers so you never re-enter them.
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.
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