Home Loan Eligibility Calculator

How large a loan your income can support, and the property price that makes possible.

Start with what you can borrow, then look at property. Enter your monthly take-home income, the EMIs you already pay, how much of your income a lender may allow for repayments, the interest rate and the tenure. The calculator shows the largest EMI that fits, the loan it can repay and, with your own savings added, the property price you can aim for.

It is an estimate. A lender also looks at your age, employment, credit history and the property.

₹
₹
Car, personal and other loans, credit-card EMIs.
%
Starting value only: it differs between lenders. Ask yours.
% a year
Example value: use the rate your lender quotes.
years
₹
Down payment plus the money for stamp duty and other costs.

What you can aim for

Loan your income can support—
Largest EMI that fits—
Property price to look at (loan + savings)—
Interest over the loan—

An estimate, not a loan offer. A lender also checks age, employment, credit history and the property. Keep part of the savings for stamp duty and registration.

How it is calculated

Largest EMI = monthly income × allowed share (FOIR) − existing EMIs. Loan = EMI × ((1 + r)n − 1) ÷ (r × (1 + r)n), the amount that EMI repays over n months at r per month. Property price = loan + the savings you will put in.

A worked example

With a take-home income of ₹1 lakh a month, existing EMIs of ₹5,000 and an allowed share of 50%, the largest EMI is ₹45,000. At 9% over 20 years that EMI repays a loan of about ₹50.02 Lakh. With ₹10 lakh of savings to put in, the property price to look at is about ₹60.02 Lakh.

Things to keep in mind

  • The "allowed share of income" (often called FOIR) differs between lenders and incomes. The 50% shown is only a starting value: ask your lender.
  • The result is an estimate, not a loan offer.

Frequently asked questions

How much home loan can I get on my salary?

It depends on the share of your income the lender allows for repayments, your existing EMIs, the rate and the tenure. The calculator shows the loan that a given EMI can repay; the lender's own assessment decides the actual amount.

What is FOIR?

Fixed Obligation to Income Ratio: the share of your monthly income that goes to fixed payments such as EMIs. Lenders set limits for it, which vary.

Does a longer tenure increase my eligibility?

On paper yes, because the same EMI repays a larger loan over more years, but you pay more interest overall.

Do I need a down payment?
Lenders finance only part of the price, so you need savings for the rest and for stamp duty, registration and other costs. See the buying cost calculator.

Related tools

Lucknow Property EMI Calculator

Monthly instalment, total interest and the year-by-year balance for a home or plot loan.

Property Buying Cost Calculator

The full cost of buying: price, GST, stamp duty, registration, brokerage and other costs.

Property Price Calculator

Turn a rate per sq.ft. or sq.yd. into the total price, with charges and GST.

Uttar Pradesh Stamp Duty Calculator

Stamp duty and registration fee on a property in Lucknow, on the higher of price and circle-rate value.

Guides that explain more

Free to use, no sign-up. Results are estimates for planning, not legal, tax or financial advice. How we calculate · Editorial policy · All tools