How Home Loan Eligibility Is Calculated

Banks primarily look at your FOIR (Fixed Obligation to Income Ratio) — the portion of your monthly income that can go towards EMIs, typically capped around 40–60% depending on income level and lender policy. This calculator uses a standard 50% assumption after subtracting any existing EMIs, then works out the loan amount that fits within that monthly payment at your chosen rate and tenure.

Factors That Can Change Your Actual Eligibility

  • Credit score — a CIBIL score above 750 typically unlocks better rates and higher eligibility
  • Age — younger applicants can usually get longer tenures, increasing eligible amount
  • Co-applicant income — adding a spouse or parent as co-applicant can meaningfully raise eligibility
  • Employment type — salaried vs. self-employed applicants are assessed differently
  • Property type & location — some lenders cap loan-to-value ratio differently for under-construction vs. ready properties
We do the loan shopping for you. Asset Procon has active tie-ups with SBI, HDFC, ICICI and other major lenders. Share your details once and we'll get you comparative offers instead of you visiting five different bank branches.