Home Loan Eligibility Calculator
FY 2026-27 · How Much Loan Can You Get on Your Salary?
| Component | Amount |
|---|---|
| Net Monthly Salary | |
| Other Monthly Income | |
| Existing EMIs | |
| FOIR Limit Applied | |
| Max Affordable EMI | |
| Loan Amount Eligible | |
| Monthly EMI | |
| Total Interest Payable | |
| LTV Ratio | |
| Total Repayment Amount |
🏠 Home Loan Eligibility Calculator India 2026
Use this free Home Loan Eligibility Calculator to instantly find out how much home loan you can get on your salary. Banks in India use the FOIR (Fixed Obligation to Income Ratio) method — typically allowing 40–50% of net monthly income for total EMIs.
📐 How Home Loan Eligibility is Calculated
Banks determine your loan eligibility using this formula:
Max EMI = (Net Monthly Income × FOIR%) − Existing EMIs
Then the maximum loan is back-calculated from this EMI based on your chosen interest rate and tenure.
📊 Current Home Loan Rates (FY 2026-27)
| Lender | Starting Rate | Max Tenure |
|---|---|---|
| SBI (State Bank of India) | 8.50% p.a. | 30 years |
| HDFC Bank | 8.75% p.a. | 30 years |
| ICICI Bank | 8.75% p.a. | 30 years |
| Kotak Mahindra | 8.75% p.a. | 20 years |
| LIC Housing Finance | 8.50% p.a. | 30 years |
| Bank of Baroda | 8.40% p.a. | 30 years |
*Rates vary based on CIBIL score, loan amount, and employment type. Check lender website for exact rates.
🏦 LTV Ratio — How Much Loan Can Banks Give?
- Up to ₹30 lakh: Max 90% LTV (10% down payment)
- ₹30–75 lakh: Max 80% LTV (20% down payment)
- Above ₹75 lakh: Max 75% LTV (25% down payment)
💡 How to Increase Home Loan Eligibility
- ✔ Close existing loans — reduce FOIR burden before applying
- ✔ Add co-applicant — spouse income increases combined eligibility significantly
- ✔ Longer tenure — 30 years gives higher eligibility than 20 years
- ✔ Improve CIBIL score — 750+ gets lower rates, higher amounts
- ✔ Show all income — include rental income, freelance income in application
- ✔ Choose lower interest lender — even 0.25% difference changes eligibility
🏷️ Tax Benefits on Home Loan (Old Tax Regime)
- ✔ Section 80C: Principal repayment deductible up to ₹1.5 lakh/year
- ✔ Section 24(b): Interest deductible up to ₹2 lakh/year (self-occupied)
- ✔ First-time buyer: Additional ₹1.5L deduction under Section 80EEA (loan sanctioned before March 2022)
- ✔ Total possible annual deduction: up to ₹3.5 lakh on home loan alone
❓ FAQ — Home Loan Eligibility India
1. How much home loan can I get on ₹50,000 salary?
On a ₹50,000 net monthly salary with no existing EMIs, at 8.5% for 20 years, you can typically get approximately ₹28–32 lakh home loan (at 50% FOIR). The exact amount depends on your CIBIL score and lender policies.
2. What CIBIL score is needed for a home loan?
Most banks require a CIBIL score of 700+ for home loan approval. A score of 750+ gets you the best rates. Below 650 makes it difficult to get a loan or you may face very high interest rates.
3. Can I get a home loan with an existing car loan?
Yes, but the existing EMI reduces your eligible home loan amount. Banks consider all existing EMIs in the FOIR calculation. Closing the car loan before applying for a home loan increases your eligibility.
4. What is FOIR in home loan?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that goes towards EMIs. Most banks allow 40–50% FOIR. If your salary is ₹80,000 and FOIR limit is 50%, maximum total EMI allowed is ₹40,000.
5. Is home loan interest tax deductible under New Tax Regime?
No. Home loan interest deduction under Section 24(b) and principal deduction under 80C are only available under the Old Tax Regime. This is a significant reason why high-income earners with large home loans often prefer the Old Regime.
👉 Loan eligibility is an estimate based on FOIR methodology. Actual eligibility depends on CIBIL score, employment type, property documents, and lender policies. Consult your bank for final sanction. Last updated: April 2026.