Home Loan Eligibility Calculator

How much home loan can you get on your salary? This free calculator uses the FOIR method used by every Indian bank – instantly check your maximum loan amount and compare eligibility across SBI, HDFC, ICICI and Kotak side by side.

Already know your loan amount? Calculate your exact monthly EMI → Home Loan EMI Calculator

Your Financial Details
₹
Enter take-home salary after PF, TDS & deductions
₹
Car loan, personal loan, credit card EMIs combined
yrs
Selected: 20 years
%
yrs
₹
*Indicative only – actual FOIR varies by income, CIBIL & profile
Maximum Home Loan Eligible
₹0
Based on ₹80,000 salary, 20-year tenure at 8.5%
Max Property Value
₹0
Monthly EMI
₹0
Down Payment Needed
₹0
Pro tip: Adding a co-applicant with income can significantly boost your eligibility. A ₹40,000 co-applicant income at 50% FOIR adds approximately ₹25–30 lakh to your eligible loan amount.
Bank-wise Eligibility Comparison
Bank FOIR Max Eligible Loan Max EMI Allowed Property You Can Buy
Important Disclaimer: The FOIR percentages shown for SBI, HDFC, ICICI and Kotak are indicative industry estimates only – they are not official figures published by these banks. Actual FOIR limits vary significantly based on your net income slab, CIBIL score, employer category, city, loan amount, and each bank's internal credit policy at the time of application. This calculator is a planning tool only and does not represent any bank's official eligibility criteria. Always contact your bank directly or consult a licensed loan advisor for accurate eligibility assessment. Hisabhkaro is not affiliated with SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank or any financial institution.
Check Free CIBIL Score Calculate Exact EMI →

How Home Loan Eligibility is Calculated in India

Banks in India use the FOIR (Fixed Obligation to Income Ratio) method to determine how much home loan you qualify for. It is the single most important eligibility factor – more than your credit score for determining the loan amount. Understanding FOIR lets you accurately predict eligibility before approaching any bank.

First, know your exact take-home salary using our Salary Breakup Calculator – banks use your net in-hand income, not your CTC.

The FOIR Formula – Step by Step

Max EMI Allowed = (Net Income + Co-applicant Income − Existing EMIs) × FOIR

Loan Amount = Max EMI × [(1+r)^n − 1] / [r × (1+r)^n]

where   r = Annual Rate / 12 / 100    n = Tenure in months

Bank-wise FOIR Policy and Eligibility – ₹80,000 Salary Example

The following figures use indicative FOIR estimates commonly referenced by financial comparison platforms. These are not official bank-published figures and vary by profile.

Bank FOIR Policy Max EMI Max Eligible Loan Max Property Value (LTV)
SBI / Kotak 50% ₹40,000 ≈ ₹40.7 Lakh ≈ ₹50.9 Lakh
HDFC Bank 48% ₹38,400 ≈ ₹39.1 Lakh ≈ ₹48.9 Lakh
ICICI Bank 45% ₹36,000 ≈ ₹36.6 Lakh ≈ ₹45.8 Lakh

*FOIR percentages are indicative estimates only – not official figures published by these banks. Actual limits vary by income slab, CIBIL score, employer type and bank policy at time of application. Hisabhkaro is not affiliated with SBI, HDFC Bank, ICICI Bank or Kotak Mahindra Bank.

Key insight: The difference between ICICI (45% FOIR) and SBI (50% FOIR) on an ₹80,000 salary is approximately ₹4.1 lakh in eligible loan amount – purely because of FOIR policy. In Mumbai or Bengaluru, where even a ₹50L budget leaves few options, that difference matters. Choose your bank before shortlisting properties.

Why Net Income Matters – Not CTC

Banks calculate FOIR on your actual take-home – after EPF/VPF, TDS, professional tax, and any loan EMI already being deducted from salary. A ₹18 LPA CTC with ₹1.2L/month take-home yields very different eligibility than a ₹15 LPA CTC with ₹1.1L take-home. Never present your CTC to a bank calculator – use the Salary Breakup Calculator to get the right number first.

Once you know your maximum eligible loan, use our Home Loan EMI Calculator to model your exact monthly outflow, total interest, and amortisation schedule.

RBI LTV Norms – Maximum Property Value You Can Buy

Your eligible loan amount determines how much property you can buy – but there is a second constraint: the Reserve Bank of India's Loan-to-Value (LTV) ratio. The LTV limits how much a bank can lend relative to the property's market value, regardless of your income. As of FY 2025–26:

Loan Amount Max LTV Ratio Min Down Payment Example: Property Value on ₹50L Loan
Up to ₹30 Lakh 90% 10% of property value – (not applicable)
₹30 Lakh – ₹75 Lakh 80% 20% of property value ₹62.5 Lakh (₹12.5L down payment)
Above ₹75 Lakh 75% 25% of property value ₹1.33 Crore (₹33.3L down payment)
Practical implication: If your eligible loan is ₹80 lakh (above ₹75L threshold), the bank will fund only 75% of property value. You need ₹26.7 lakh as down payment plus stamp duty and registration (5–8% of property value in most Indian states) – a total upfront cash requirement of approximately ₹33–43 lakh on a ₹1.07 crore property.

Tax Angle: Old Regime vs New Regime

Under the new tax regime (now the default for most salaried employees), Section 24(b) home loan interest deduction of ₹2 lakh per year is not available. If you took a home loan primarily to claim this deduction, you need to recalculate whether old regime still makes sense. Our New vs Old Tax Regime guide shows the exact breakeven point – whether staying on old regime for your home loan benefits outweighs the new regime's lower slab rates.

Weighing whether buying is better than renting at your current stage? Our Rent vs Buy Calculator models the total cost of ownership vs renting over 10–20 years – including opportunity cost of down payment, EMI vs rent differential, and property appreciation assumptions.

Official Sources – E-E-A-T

Reserve Bank of India – LTV Ratio Norms for Housing Loans TransUnion CIBIL – Check Your Free Annual Credit Score National Housing Bank – Housing Finance Regulations India

How to Increase Your Home Loan Eligibility – 6 Proven Methods

If the calculator shows a lower loan amount than you need, here are the most effective and legally valid ways to increase it. These are the exact strategies Indian banks recommend to borderline applicants – not hacks, just financial clarity.

1. Add a Co-applicant

This is the single most powerful lever. Adding a co-applicant – spouse, earning parent, or sibling – combines incomes for FOIR calculation. A spouse earning ₹50,000/month at 50% FOIR adds approximately ₹31–35 lakh to eligible loan amount. Both co-applicants can also independently claim Section 24(b) interest deductions under the old tax regime (up to ₹2 lakh each), saving ₹60,000+ in combined annual tax. Use our Income Tax Calculator to confirm your exact saving.

2. Close Existing Loans Before Applying

Every ₹10,000 reduction in existing EMIs frees up ₹10,000 for home loan FOIR – translating to roughly ₹8–10 lakh more in eligible loan at 8.5% over 20 years. If you have a small personal loan or car loan nearing completion, consider foreclosing it 2–3 months before your home loan application. The credit score impact of closure is positive within 1–2 reporting cycles.

3. Extend Loan Tenure

Increasing tenure from 15 to 20 years reduces the required EMI per lakh by approximately ₹200, increasing eligible loan amount significantly. At ₹40,000 max EMI: 15-year tenure gives ~₹34L eligible loan; 20-year tenure gives ~₹41L; 30-year tenure gives ~₹48L. The trade-off: total interest paid increases significantly. Always weigh this using our Home Loan Prepayment vs SIP guide.

4. Improve Your CIBIL Score Above 750

A CIBIL score above 800 can help you negotiate a higher FOIR (some premium lenders extend 55% FOIR). More importantly, it gives you access to lower interest rates – a 0.5% rate reduction on ₹50 lakh over 20 years saves approximately ₹3.5 lakh in total interest. Pay all EMIs on time, keep credit card utilisation below 30%, and avoid multiple loan enquiries in the 6 months before your home loan application.

5. Include All Income Sources

Banks accept rental income, variable pay, annual bonuses (declared in ITR), professional income, and in some cases agricultural income as supplementary income. A verified ₹15,000/month rental income increases your effective FOIR base by ₹15,000 – equivalent to approximately ₹9–10 lakh more in loan eligibility. Keep 2 years of ITR showing this income for documentation.

6. Choose the Right Bank

SBI and Kotak allow 50% FOIR vs ICICI's 45% – a 5 percentage point difference that can be worth ₹4–8 lakh in eligible loan amount on a ₹75,000–₹1,00,000 salary. Some NBFCs and housing finance companies offer 55–60% FOIR for premium salaried profiles with strong CIBIL scores.

Post-loan strategy: Once you get the loan, consider making partial prepayments whenever you receive a bonus or salary hike. Our home loan prepayment guide shows why prepaying in the first 5–7 years of the loan – when interest portion of EMI is highest – saves dramatically more than prepaying later.

Frequently Asked Questions

How much home loan can I get on ₹50,000 salary?
With a ₹50,000 monthly take-home salary and no existing EMIs, you can typically get a home loan of ₹35–42 lakh at 8.5% interest over 20 years. This assumes a 50% FOIR – your maximum eligible EMI is ₹25,000/month. SBI and Kotak allow up to 50% FOIR; HDFC allows 48%; ICICI allows 45%. Use the calculator above with your exact inputs for a personalised estimate.
What is FOIR and how does it affect home loan eligibility?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your net monthly income that a bank allows for all loan EMIs combined – including the new home loan. Most Indian banks apply a FOIR of 40–50% for salaried employees. If your net income is ₹80,000 and the bank uses 50% FOIR, your maximum total EMI cannot exceed ₹40,000. If you already pay ₹10,000 in other EMIs, your eligible home loan EMI is only ₹30,000 – directly reducing your loan amount.
How does a co-applicant increase home loan eligibility?
Adding a co-applicant combines both incomes for FOIR calculation. If you earn ₹70,000 and your spouse earns ₹40,000, the combined income of ₹1,10,000 at 50% FOIR gives a maximum EMI of ₹55,000 – nearly 57% more than solo eligibility. Both co-applicants can also independently claim Section 24(b) interest deductions under the old tax regime, effectively doubling the annual tax saving on home loan interest. Use our New vs Old Tax Regime guide to confirm which regime suits you.
What CIBIL score is needed for a home loan in India?
Most Indian banks require a minimum CIBIL score of 700–750 for home loan approval. A score above 750 gives the best interest rates and maximum eligibility. Scores between 700–749 may attract a 0.25–0.50% interest rate premium. Scores below 650 often result in rejection or require a larger down payment. Check your free annual CIBIL report at cibil.com before applying – errors in credit reports are more common than most people expect.
How to calculate home loan eligibility based on salary?
Step 1: Find your net monthly take-home salary – use our Salary Breakup Calculator for accuracy. Step 2: Subtract existing EMIs. Step 3: Multiply by the bank's FOIR (typically 45–50%). This gives your max eligible EMI. Step 4: Use the reverse EMI formula to find the loan amount: Loan = EMI × [(1+r)^n − 1] / [r × (1+r)^n], where r is the monthly interest rate and n is tenure in months. The calculator above does all of this automatically across 4 major banks.
What is the maximum home loan tenure in India?
Most Indian banks offer a maximum home loan tenure of 30 years for salaried borrowers. The tenure is typically capped so the loan is repaid before you reach 60–70 years (depending on the bank). A longer tenure reduces monthly EMI but significantly increases total interest paid. A ₹50 lakh loan at 8.5% over 30 years costs approximately ₹89 lakh in total interest – nearly 1.78× the principal. Explore whether SIP investing alongside a shorter tenure beats paying the extra interest, using our Home Loan Prepayment vs SIP guide.
How to increase home loan eligibility?
Six proven methods: (1) Add a co-applicant with income – the most effective single step; (2) Close existing EMIs before applying; (3) Extend loan tenure to 25–30 years; (4) Improve CIBIL score above 750 for better FOIR treatment; (5) Include all income sources – rental, variable pay, bonuses – in your application; (6) Choose a bank with higher FOIR limits: SBI and Kotak allow 50%, while ICICI allows only 45%. Each method is explained in detail in the guide above with real numbers.

Explore related calculators

Loan EMI Calculator Salary Breakup Rent vs Buy Income Tax Calculator Prepayment vs SIP Retirement Planner