Home Loan Eligibility CalculatorIndia 2026 — Based on Your Salary

On ₹1 lakh net monthly salary, banks allow 50% FOIR = ₹50,000 max EMI. With no existing EMIs, at 8.75% for 20 years, you are eligible for approximately ₹56–62 lakhs. With existing EMIs, the amount reduces accordingly.

FOIR (Fixed Obligation to Income Ratio) is the maximum percentage of monthly income that banks allow for total EMI payments. Most banks set this at 40–50% for salaried employees. Your home loan EMI plus all existing EMIs cannot exceed this limit.

Yes. Car loan, personal loan or credit card EMIs reduce your available EMI capacity. Banks deduct all existing obligations before calculating how much new EMI you can service. Clearing existing loans before applying can significantly increase eligibility.

LTV (Loan-to-Value ratio) is the maximum percentage of property value banks will finance. RBI mandates maximum 80% LTV for properties above ₹30 lakhs. You need at least 20% as down payment plus stamp duty and registration separately.

Yes. Adding a co-borrower (spouse, parent) increases combined income and loan eligibility. Banks consider combined net income for FOIR. Many banks also offer a slight interest rate discount when a woman is the primary or co-applicant.