Home Loan Eligibility Calculator
Estimate the maximum home loan amount you may be eligible for, based on your monthly income, existing EMI obligations and your lender's Fixed Obligations to Income Ratio (FOIR) -- all editable, since exact policy varies by lender.
Income & Existing Obligations
Loan Terms & FOIR (Editable)
FOIR (Fixed Obligations to Income Ratio) is the maximum share of your income lenders will let go toward EMIs, typically in the 40-60% range depending on income level and lender policy -- check your specific lender's norm rather than assuming this default.
Results
Max Eligible Loan Amount
Max Affordable New EMI
How This Home Loan Eligibility Calculator Works
Lenders typically cap the share of your income that can go toward all EMI payments combined (existing loans plus the new home loan) -- this is called the Fixed Obligations to Income Ratio, or FOIR. This calculator first works out your maximum affordable new EMI (your FOIR budget minus what you already pay toward existing EMIs), then works backward through the standard EMI formula to estimate the maximum loan amount that EMI could support at your chosen interest rate and tenure.
Why FOIR Is Editable, Not Fixed
There's no single FOIR percentage used by all lenders -- it varies by lender policy, your income level (higher earners are often allowed a higher FOIR), your credit score, and the type of loan. The 50% default here is a commonly-cited midpoint, not a universal rule -- check with your specific bank or NBFC for the FOIR they actually apply to your profile.
A Longer Tenure Increases Eligibility, Not Affordability
Extending the loan tenure lowers the required EMI for the same loan amount, which increases the maximum loan you appear eligible for -- but it also means paying significantly more total interest over the life of the loan. Use our EMI Calculator to see the full interest cost trade-off for different tenures before deciding.
Is my data sent to any server?
No. Every calculation happens directly in your browser using JavaScript. Nothing you enter is ever transmitted to OurPaisa Tools' servers or stored anywhere -- close the tab and it's gone.
Disclaimer: This tool provides a general estimate for informational purposes only and does not represent any specific lender's actual eligibility policy, credit assessment or loan offer. It does not constitute financial advice. Your actual eligibility depends on your lender's full underwriting process, credit score and documentation. See our Disclaimer and Terms of Use for more detail.