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Home Loan Guide

Home Loan Eligibility Calculator India 2026 — How Much Can You Get?

Home Loan Eligibility Calculator India 2026 — How Much Can You Get? — free 2026 guide with formula, examples and calculator.

📅 Updated 2026-03-14 🕒 5 min read 📋 Free Calculator Included

📚 Home Loan Eligibility Calculator India 2026 — How Much Can You Get?

Home loan eligibility in India is determined by your income, existing EMIs, CIBIL score, age, and employer type. Most banks apply the 40–50% FOIR (Fixed Obligation to Income Ratio) rule — meaning total EMIs including the new home loan should not exceed 40–50% of gross monthly income.

40–50%
FOIR limit most banks
750+
CIBIL for best rates
30 yrs
Max tenure
80%
Max LTV ratio

📋 Formula & Calculation

Home Loan Eligibility FormulaMax EMI = Gross Monthly Income × FOIR (0.40–0.50) − Existing EMIs
Max Loan = Max EMI × [(1+r)^n − 1] / [r × (1+r)^n]
r = Monthly rate | n = Tenure months
🌟 Eligibility on ₹60,000 Gross Salary

Max EMI (50% FOIR) = ₹30,000. Existing car loan EMI = ₹8,000.
Available home loan EMI = ₹22,000. At 8.5% for 20yr:
Max eligible loan = ~₹25.3L

Monthly SalaryFOIR 40%FOIR 50%Approx Max Loan (8.5%, 20yr)
₹30,000₹12,000₹15,000~₹13.8–17.3L
₹50,000₹20,000₹25,000~₹23L–28.8L
₹1,00,000₹40,000₹50,000~₹46L–57.6L
₹2,00,000₹80,000₹1,00,000~₹92L–1.15Cr
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Use the Home Loan Eligibility Calculator

Enter your salary and existing EMIs — see exactly how much home loan you qualify for.

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❓ Frequently Asked Questions

How much home loan can I get on ₹50,000 salary?+
At 50% FOIR with no existing EMIs: max EMI = ₹25,000. This supports approximately ₹28.8L at 8.5% for 20yr. With existing EMIs, eligible amount reduces proportionally.
What CIBIL score is needed for home loan?+
Most banks prefer 750+ CIBIL. Below 700: loan denial likely. 700–750: loan possible but at higher rates (0.25–0.5% more). 750–800: best rates. 800+: negotiating power for further rate reduction.
How to increase home loan eligibility?+
1) Pay off existing loans/EMIs. 2) Add co-applicant (spouse income counted). 3) Improve CIBIL score to 750+. 4) Choose longer tenure (30yr increases eligible amount by ~15% vs 20yr). 5) Switch to higher-paying employer category.