Home Loan Eligibility Calculator
How much you can borrow, and the property price it can buy under RBI’s rules.
Property price under RBI’s caps
With your savings
Loan by tenure
RBI loan-to-value caps
| Home loan amount | Most of the value |
|---|---|
| Up to ₹30 lakh | 90% |
| Above ₹30 lakh, up to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Stamp duty, registration and documentation charges are not part of the value, except on homes costing up to ₹10 lakh. Sources: RBI (Commercial Banks – Credit Facilities) Directions, 2025, paras 111 and 113 (banks) and RBI (Housing Finance Companies) Directions, 2025, para 58 (housing finance companies).
How this was calculated
Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the Home Loan Eligibility Calculator
Lenders in India decide how much you can borrow mainly from your FOIR — the fixed-obligation-to-income ratio, the share of your take-home income they allow for all EMIs together. Whatever is left after your existing EMIs is the EMI a new loan can have, and that EMI, the interest rate and the tenure fix the loan amount. The tenure itself is limited by the age you have to repay by, usually your retirement age.
For a home loan there is a second limit. The Reserve Bank of India caps the loan at 90% of the property’s value for loans up to ₹30 lakh, 80% above ₹30 lakh up to ₹75 lakh and 75% above that, and stamp duty and registration are not financed. This calculator works out both: the loan your income supports, and the property price and down payment it needs — or, if you enter your savings, the price you can reach with them.
How to use it
- Choose Home loan or Personal loan.
- Enter your net monthly income (take-home) and, for a joint loan, the co-applicant’s. Add the EMIs you already pay each month.
- Set the lender’s FOIR (50% is a common starting point — ask your lender), the interest rate and the tenure you want, and your age with the age the loan must end by.
- For a home loan, optionally enter your savings for the down payment and your state’s stamp duty and registration rate.
- Read the eligible loan, the EMI, the property price for the full loan and the down payment. The tenure table shows how the amount changes with a shorter or longer loan.
Examples
FOIR 50% · 8.5% · 20 years · age 35, loan to end by 60
EMI room ₹40,000 · eligible loan ₹46,09,234 · RBI LTV cap 80% → property of ₹57.62 lakh or more, with ₹11.52 lakh down
Property up to ₹37,38,318: a ₹30 lakh loan (90% of the value is allowed up to ₹30 lakh) + ₹7,38,318 down + ₹2,61,682 stamp duty and registration
Here savings, not income, are the limit: a costlier home needs more cash than ₹10 lakh.
Tenure cut to 10 years · eligible loan ₹32,26,179
Common uses
- Know your likely budget before you look at properties.
- See how much cash you need beyond the loan: the down payment, stamp duty and registration.
- Check whether adding a co-applicant or closing a loan gets you the amount you need.
- Estimate a personal-loan amount from your take-home pay.
How the eligible loan is worked out
EMI room = FOIR × (your net monthly income + co-applicant’s) − existing EMIs.
Loan = EMI × (1 − (1 + r)^−n) ÷ r, where r is the annual rate ÷ 12 and n the number of monthly EMIs — the same reducing-balance formula as the EMI calculator, solved for the loan. n is the tenure you ask for or the months left until the age the loan must end by, whichever is shorter.
At 8.5% for 20 years, each ₹1 lakh borrowed costs an EMI of ₹867.82, so ₹40,000 of EMI room supports ₹46.09 lakh.
RBI’s loan-to-value caps for home loans
- Up to ₹30 lakh: 90% of the property’s value.
- Above ₹30 lakh, up to ₹75 lakh: 80%.
- Above ₹75 lakh: 75%.
The value excludes stamp duty, registration and other documentation charges, except for homes costing up to ₹10 lakh, where they may be added. The same caps apply to banks — Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025, paragraphs 111 and 113 — and to housing finance companies — Reserve Bank of India (Housing Finance Companies) Directions, 2025, paragraph 58.
Because the band depends on the loan, a ₹30 lakh loan is allowed on any home from ₹33.33 lakh up to ₹37.5 lakh — on those, 80% of the value would be less than ₹30 lakh.
What FOIR is
FOIR is a lender’s own limit, not an RBI rule: it differs between lenders and can depend on your income. The calculator uses the figure you enter (50% to start with). Some lenders count gross rather than net income, add rental or other income, or count only part of a variable salary — the result is only as close as those choices are to your lender’s.
What raises the amount
- A co-applicant with an income adds to the EMI room.
- A longer tenure, within the age limit, lowers the EMI per lakh — at the cost of much more interest.
- Repaying a small loan frees its EMI for the new loan.
- A lower interest rate raises the loan the same EMI repays.
The tenure table under the results shows the effect of the tenure directly.
Limitations
- An estimate from the numbers you enter. Lenders also look at your credit score, job, age, the property and their own FOIR and margin rules, and may offer less — or more.
- Assumes a fixed interest rate and equal EMIs for the whole tenure.
- The property value is taken to be the price you pay; lenders use their own valuation, which can be lower.
- Stamp duty and registration rates differ by state and by buyer; enter your own rate. Processing fees and insurance are not included.
- For homes costing up to ₹10 lakh a lender may add stamp duty and registration to the value before applying the LTV cap; the calculator does not, so for such homes the loan it allows on a property, and the price your savings reach, can be lower than a lender would accept.
Privacy
Everything is calculated in your browser. Your income and savings are never uploaded or stored.
Frequently asked questions
How much home loan can I get on a ₹1 lakh salary?
With ₹1 lakh of take-home pay, no other EMIs and a 50% FOIR, the EMI room is ₹50,000; at 8.5% for 20 years that supports about ₹57.6 lakh. With ₹10,000 of existing EMIs it falls to ₹46.09 lakh. Your lender’s FOIR, rate and tenure decide the real figure.
What is a good FOIR?
Lower is safer: it leaves more of your income for everything else. Lenders set their own maximum, so ask yours. In this calculator you can try 40%, 50% and 60% to see the range.
How much down payment do I need for a home loan?
At least 10% of the property’s value for a loan up to ₹30 lakh, 20% for a loan above ₹30 lakh up to ₹75 lakh and 25% above that, under RBI’s loan-to-value caps — plus stamp duty and registration, which the loan does not cover (except on homes up to ₹10 lakh).
Does a co-applicant increase my eligibility?
Yes. Lenders add a co-applicant’s income (such as a spouse’s or parent’s) to yours before applying the FOIR, and subtract both of your existing EMIs. A higher combined income gives a larger EMI room and loan.
Why is my tenure shorter than I asked for?
Lenders want the loan repaid by a set age, usually retirement. If you are 50 and the loan must end by 60, the tenure can be at most 10 years, which lowers the amount you can borrow.