What is a Home Loan Eligibility Calculator?
A Home Loan Eligibility Calculator estimates the largest home loan you may get, based on your income, existing EMIs, the share of income lenders allow for EMIs, the interest rate and the tenure.
Lenders usually cap total EMIs at 40% to 60% of your net monthly income, called FOIR. They also look at your credit score, age, job stability and the property value. This is a rough guide, not an offer.
How to use the Home Loan Eligibility Calculator
- Enter net monthly income.
- Enter share of income allowed for EMIs.
- Enter interest rate.
- Enter loan tenure.
- Tap Calculate to see the result.
- Tap Reset to clear the fields and try again.
Who should use it
- First-time home buyers setting a budget
- Couples checking joint eligibility
- Anyone comparing tenures
Key terms
- Net monthly income
- Take-home pay after deductions.
- FOIR
- Fixed obligation to income ratio: the share of income allowed for all EMIs.
- Existing EMIs
- Instalments you already pay on other loans.
Frequently asked questions
How can I increase my eligibility?
A longer tenure, a co-applicant or paying off other loans can help.
Does my credit score matter?
Yes. Lenders use it to decide eligibility and the interest rate.
Is this a loan approval?
No. Only the lender can approve a loan.
Do you share my details with lenders?
No.
Is my data stored?
No. Everything you enter stays in your browser and is cleared when you close the page.
Last updated: 1 November 2026