Home Loan Eligibility Calculator

Usually an existing EMI. Lenders subtract every current obligation — car loan, personal loan, credit card instalment — from your FOIR ceiling before working out what is left for a home loan. Age is the second common reason. If the loan must close by 60 and you are 45, your maximum tenure is fifteen years rather than the twenty or thirty you assumed, which cuts eligibility sharply.

It shows the property value your eligible loan supports at 80% LTV. Remember the caps vary by ticket size: 90% up to ₹30 lakh, 80% from ₹30 to 75 lakh, and 75% above ₹75 lakh. You must also fund stamp duty and registration of roughly 7 to 8% from your own resources, since these cannot be borrowed.

Lenders price and size differently by employer category. Government and listed-company employees are treated most favourably, unlisted private employees slightly less so, and self-employed applicants are assessed on declared taxable profit rather than turnover. Because many self-employed applicants optimise declared income for tax, sanction often comes in lower than expected. Some lenders offer banking-surrogate programmes that assess bank turnover instead.

This calculator does not touch your credit file at all — it runs entirely in your browser and nothing is transmitted. A formal application with a lender does trigger a hard enquiry. Several applications in a short window read as credit hunger and can lower your score, so compare first and apply once.

Yes, but the tenure shortens because the loan must be repaid by 60 to 65 for salaried applicants, or up to 70 for self-employed. A shorter tenure means a higher EMI for the same amount, which reduces how much you can borrow. Adding a younger earning co-applicant, such as an adult child, is the usual way to extend the tenure.

No. This is an indicative estimate using published FOIR bands and tenure rules. Actual sanction depends on your credit report, income stability, employer, the property valuation from the lender own valuer, and the legal status of the title. A sanction letter is also conditional — lenders can and do reduce or withdraw it if the property valuation comes in low or the title is unclear.