Can I add my spouse's income?

Yes. Most banks allow a co-applicant's income, which increases the eligible EMI. Enter the combined net income.

Why is my bank offering less than this estimate?

Banks apply their own FOIR slabs, add a notional rate buffer, and cap tenure by retirement age. Treat this as an upper estimate.

Home Loan Eligibility Calculator

Banks decide eligibility from your repayment capacity, not the property price. This tool applies the fixed-obligation-to-income ratio (FOIR) that most Indian lenders use.

Eligible loan amount

₹57,61,542

Maximum affordable EMI: ₹50,000
Property budget at 80% LTV(Assumes a 20% down payment): ₹72,01,928

Formula

Max EMI = Income × FOIR − Existing EMIs. Eligible loan = Max EMI × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ).

Worked example

Income ₹1,00,000, no other EMIs, FOIR 50%, 8.5% for 20 years: max EMI ₹50,000 → eligible loan ≈ ₹57.6 lakh.

Assumptions

Lender uses a simple FOIR check; actual policies also consider age, credit score, employer and property value.
Loan-to-value limit of 80% for the property budget estimate.

Frequently asked questions

Can I add my spouse's income?: Yes. Most banks allow a co-applicant's income, which increases the eligible EMI. Enter the combined net income.
Why is my bank offering less than this estimate?: Banks apply their own FOIR slabs, add a notional rate buffer, and cap tenure by retirement age. Treat this as an upper estimate.

Last reviewed 2026-10-31. Results are estimates for information only and do not constitute financial, tax or legal advice.