Home Loan Eligibility Calculator 2026
Find out exactly how much home loan you qualify for based on your income, existing EMIs, interest rate, and tenure — in under 30 seconds.
🏠 Home Loan Eligibility Calculator
Adjust sliders to find your maximum eligible loan amount instantly.
📊 EMI Breakup
🏦 Home Loan Interest Rates — June 2025
Current rates across major Indian banks and HFCs. Rates are subject to change; verify with the lender before applying.
| Bank / HFC | Rate (p.a.) | Processing Fee | Max Tenure | CIBIL Needed |
|---|---|---|---|---|
| SBI (Regular) | 8.50% – 9.45% | 0.35% (max ₹10,000) | 30 yrs | 700+ |
| HDFC Bank | 8.70% – 9.65% | 0.50% (max ₹15,000) | 30 yrs | 720+ |
| ICICI Bank | 8.75% – 9.80% | 0.50% (min ₹3,000) | 30 yrs | 700+ |
| Kotak Mahindra | 8.75% – 9.50% | 0.50% | 20 yrs | 720+ |
| Axis Bank | 8.75% – 9.65% | 1% (min ₹10,000) | 30 yrs | 700+ |
| LIC Housing Finance | 8.50% – 10.75% | ₹10,000–₹15,000 | 30 yrs | 650+ |
| PNB Housing Finance | 8.50% – 14.50% | Up to 0.50% | 30 yrs | 650+ |
| Bank of Baroda | 8.40% – 10.60% | 0.25% – 0.50% | 30 yrs | 700+ |
* Rates as of June 2025. Actual rate depends on credit profile, loan amount, and property location. Source: Bank websites.
📊 Eligibility Scenarios — Quick Reference
| Monthly Income | Existing EMI | Rate | Tenure | Eligible Loan |
|---|---|---|---|---|
| ₹30,000 | ₹0 | 8.50% | 20 yrs | ~₹15.6 L |
| ₹50,000 | ₹5,000 | 8.75% | 20 yrs | ~₹22.8 L |
| ₹75,000 | ₹8,000 | 8.50% | 25 yrs | ~₹41.2 L |
| ₹1,00,000 | ₹10,000 | 9.00% | 25 yrs | ~₹51.5 L |
| ₹1,50,000 | ₹15,000 | 8.75% | 30 yrs | ~₹81.4 L |
| ₹2,50,000 | ₹25,000 | 9.00% | 30 yrs | ~₹1.26 Cr |
Calculated assuming 50% FOIR and CIBIL 750+. Actual approvals may vary by lender.
What is Home Loan Eligibility?
Home loan eligibility is the maximum loan amount a bank or housing finance company (HFC) is willing to lend you to buy a house. It is not a fixed number — it changes depending on your income, credit history, age, existing debts, and the lender’s own policies.
Every lender uses its own algorithm, but the core factors are the same across India’s banking system. Understanding them helps you prepare better and avoid rejection.
How Banks Calculate Your Eligibility
The most important concept is FOIR — Fixed Obligation to Income Ratio. This is the percentage of your monthly income that can go towards all loan EMIs combined (including the new home loan EMI you are asking for).
Available EMI = (Monthly Income × FOIR%) − Existing EMIs
Step 2: Max Loan Amount
Loan = Available EMI × [1 − (1 + r)^(−n)] / r
Where: r = Monthly rate (Annual Rate ÷ 12 ÷ 100)
n = Tenure in months
Most PSU banks (SBI, Bank of Baroda, PNB) allow 50% FOIR for incomes above ₹40,000/month. Private banks like HDFC and ICICI may go up to 55% for salaried professionals with stable employment.
Worked Example
Scenario: Rahul earns ₹75,000/month net salary. He has a car loan EMI of ₹8,000/month. He wants a home loan at 8.50% for 20 years.
Max total EMI allowed = ₹75,000 × 50% = ₹37,500
Existing EMI = ₹8,000
Available Home Loan EMI = ₹37,500 − ₹8,000 = ₹29,500
Monthly rate (r) = 8.50% ÷ 12 ÷ 100 = 0.007083
Tenure (n) = 20 × 12 = 240 months
Max Loan = ₹29,500 × [1 − (1.007083)^(−240)] / 0.007083
= ₹29,500 × 113.47
= ~₹33.47 Lakh
Key Factors That Affect Your Eligibility
1. Monthly Income
Banks consider net take-home salary for salaried borrowers. Self-employed borrowers must show average annual net profit from the last 2–3 ITRs. Higher income directly increases your eligible loan amount.
2. CIBIL Score
A CIBIL score above 750 is ideal for the best interest rates and higher loan amounts. Below 650, most banks will either reject or severely restrict your loan. A score between 650 and 750 gets you a loan but at higher interest rates, costing you lakhs extra over the tenure.
| CIBIL Score Range | Impact on Loan | Typical Rate Difference |
|---|---|---|
| 750 – 900 | Best rates, max eligibility | Base rate (8.50%) |
| 700 – 749 | Good, minor premium | Base + 0.25%–0.50% |
| 650 – 699 | Approved with conditions | Base + 0.75%–1.50% |
| Below 650 | High rejection risk | Restricted or rejected |
3. Age at the Time of Application
Most banks offer home loans up to age 60 for salaried borrowers and 65 for self-employed individuals. A 25-year-old can get a 30-year tenure; a 45-year-old may only get 15 years. Shorter tenure means higher EMI for the same loan, which reduces eligibility.
4. Existing Obligations (FOIR Impact)
Every existing EMI — personal loan, car loan, credit card EMI — eats into your available EMI capacity. Clearing smaller loans before applying for a home loan is one of the fastest ways to increase your eligibility significantly.
Many applicants forget to account for credit card “minimum due” payments. Banks include them in FOIR calculations. A credit card with ₹5 lakh limit and ₹50,000 outstanding may count ₹5,000–₹10,000 as monthly obligation even if you pay it fully.
5. Employment Type and Stability
Salaried employees at reputed companies (government, MNCs, large corporates) are seen as lower risk. Self-employed borrowers need 3 years of consistent income proof via ITR. Job stability — ideally 2+ years at current employer — matters to underwriters.
6. Property Type and Location
Banks finance up to 90% of the property value for loans below ₹30 lakh, 80% for ₹30 lakh – ₹75 lakh, and 75% for above ₹75 lakh (as per RBI guidelines). Agricultural land, disputed properties, or properties in non-approved layouts may not be financed at all.
Loan up to ₹30 lakh: max LTV 90% | ₹30L–₹75L: max LTV 80% | Above ₹75 lakh: max LTV 75%. Down payment is your minimum. Source: RBI Master Circular on Housing Finance, 2024.
Tips to Improve Your Home Loan Eligibility
- Clear small loans first: Paying off a personal loan or car loan before applying can increase your eligible amount significantly.
- Add a co-applicant: Adding your spouse or earning parent increases combined income and eligible loan amount.
- Improve your CIBIL score: Pay all EMIs and credit card bills on time for 6–12 months before applying.
- Choose longer tenure: A 30-year loan has lower EMI than a 20-year loan, increasing eligible amount — though total interest paid is higher.
- Reduce credit card limits: Unused credit limits can still count against your FOIR in some banks’ calculations.
- Show all income sources: Rental income, bonus, freelance income can sometimes be included with proper documentation.
Home Loan Tax Benefits (FY 2025-26)
Section 80C allows deduction up to ₹1.5 lakh per year on principal repayment. Section 24(b) allows up to ₹2 lakh deduction on home loan interest for self-occupied property. First-time buyers may also claim an additional ₹50,000 under Section 80EEA (subject to property value and stamp duty criteria). Read our detailed guide on home loan tax benefits →
PM Awas Yojana (PMAY) — Credit Linked Subsidy
Under PMAY-Urban 2.0 (announced Union Budget 2024-25), eligible EWS and LIG beneficiaries can receive an interest subsidy that effectively reduces their loan cost. Middle-income group categories were revised. Check the PMAY portal (pmaymis.gov.in) for current eligibility and status.