Home Loan Eligibility Calculator
See the loan size your income actually supports — before you approach a lender.
Most declines are avoidable. They happen when an application is filed without checking the arithmetic first: total EMIs land above the lender's cap, or an unclosed credit card shows up on the bureau report at the wrong moment. Running the numbers beforehand tells you two useful things — the ceiling you can realistically target, and which existing obligation is worth clearing before you apply. Adjust your income, current EMIs, the rate and the tenure below; the FOIR slider lets you test the stricter and looser ends of what lenders typically allow.
Car loan, personal loan, credit card EMI — everything already committed.
Share of income a lender will allow toward EMIs. Most work between 40% and 55%.
45% of income is ₹40,500; after existing EMIs of ₹0, ₹40,500 remains.
At a 20% down payment, a loan of this size supports a property budget of roughly ₹58.34 L.
Loans are sanctioned at the sole discretion of partner banks and NBFCs based on their own underwriting policy. This tool does not constitute a sanction or an offer.
Home Loan Eligibility Questions
How do banks calculate home loan eligibility?
Almost every lender starts the same way: cap your total monthly obligations at a share of verifiable net income, subtract the EMIs already committed elsewhere, then discount the remaining monthly capacity back to a principal at the offered rate and tenure. Income documents, credit bureau history, the property's valuation and your age at loan maturity then adjust the result up or down.
What is FOIR?
Fixed Obligation to Income Ratio — the share of your net monthly income that lenders permit to go toward EMIs, including the new one. Most work in a 40% to 55% band, and the figure tightens for lower income brackets and loosens for higher ones or for applicants with strong credit histories.
Does a longer tenure increase my eligibility?
Yes, and that is the trade-off worth understanding. Stretching the tenure lowers the EMI for the same principal, so the same monthly capacity supports a bigger loan. But it also means paying interest for more years, so the total interest outgo rises. Eligibility improves while affordability over the full term does not.
Will closing my car loan increase my home loan eligibility?
Usually yes, and often substantially. Every rupee of existing EMI reduces the capacity available for the new facility one-for-one. Closing a high-cost unsecured loan or a personal loan frees that capacity entirely — frequently the fastest single lever available before applying.
Get your profile application-ready
We review your bureau report, the FOIR headroom and the documentation set before an application goes anywhere — and compare the fix-versus-float decision against your actual repayment horizon.
This calculator produces an indicative estimate for planning purposes only. Loans and credit facilities are sanctioned, processed and disbursed solely at the discretion of partner scheduled banks and RBI-registered NBFCs based on their respective internal risk policies and borrower eligibility. Makkar Investor Services does not guarantee loan sanctions, amounts, interest rates or fee waivers.