Home Loan Eligibility Calculator
Two ceilings decide what you can borrow: what your income services, and what the LTV cap permits.
- What your income services over 20 years
- ₹69,13,850.39
- What the 80% LTV cap permits on this property
- ₹72,00,000.00
- Sanctionable
- ₹69,13,850.39
- Loan
- ₹69.14L
- Your contribution
- ₹27.16L
Two ceilings apply and the lower one wins. Lenders cap total monthly obligations at a fraction of net income — the Fixed Obligation to Income Ratio — and separately cannot lend more than the RBI's loan-to-value limits allow: 90% / 80% / 75% for loans up to ₹30 lakh, up to ₹75 lakh, and above that. There is no RBI-prescribed FOIR; each lender sets its own in its credit policy, and the income-slab tables that circulate online are aggregator estimates rather than published rules — so treat the slider as a dial to match against a specific lender, not as a fact. Stamp duty, registration and other documentation charges are excluded from the property cost when the LTV is computed, so you need them in cash on top of the down payment; 7% is assumed above and varies by state and by the buyer's gender. Repayment must normally end by 60 for a salaried borrower, which is why age caps the tenure. Self-employed applicants are usually assessed on two or three years of declared income instead of take-home pay.
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How it works
Two separate ceilings decide how much a lender will sanction, and the lower of the two binds. The first is your income: lenders cap total monthly obligations, including the proposed EMI, at a fraction of net income known as the Fixed Obligation to Income Ratio. The second is the property: the RBI caps loan-to-value at 90% for loans up to ₹30 lakh, 80% up to ₹75 lakh, and 75% above that.
There is no RBI-prescribed FOIR — each lender sets its own in its credit policy, and the income-slab tables circulating online are aggregator estimates rather than published rules. Treat the FOIR slider as a dial to match against a specific lender rather than as a fact about the market.
Age is the constraint people forget. Repayment normally has to finish by 60 for a salaried borrower, so a 45-year-old asking for a 30-year tenure will be assessed on 15 years, which cuts the sanctionable amount far more than a rate difference would.
Affordable EMI = net monthly income x FOIR - existing EMIs. Eligible loan = the present value of that EMI over the available tenure, capped at property cost x the applicable LTV percentage.The LTV band depends on the loan size and the loan size depends on the band, so all three bands are evaluated and the largest self-consistent answer is used — including the case where the band's own ceiling, rather than its percentage, is the binding limit.
Frequently asked questions
What is FOIR and what number do lenders use?
The Fixed Obligation to Income Ratio is the share of your net monthly income that all fixed obligations, including the proposed EMI, may consume. In practice lenders use somewhere between 40% and 65%, rising with income because a higher earner has more left over in absolute terms after the EMI. It is set by each lender's own credit policy, not by the RBI, so it is worth asking your specific lender rather than relying on a published table.
Do stamp duty and registration count toward the loan-to-value ratio?
No, and this catches many first-time buyers out. Stamp duty, registration and other documentation charges are excluded from the property cost when the LTV is computed, so you need them in cash on top of the down payment. In a state charging 6% stamp duty plus 1% registration on a ₹1 crore property, that is ₹7 lakh over and above the ₹20 lakh down payment.
How does my age reduce the loan I can get?
Repayment must normally end by 60 for a salaried borrower, or 65 to 70 for the self-employed. A 45-year-old therefore gets 15 years rather than the 20 or 30 they may have asked for, and a shorter tenure means a higher EMI per rupee borrowed, so the same income supports a smaller loan. This usually reduces eligibility far more than a half-point difference in rate.
Can adding a co-applicant increase eligibility?
Yes, and it is the most effective lever most borrowers have. A co-applicant's income is added to yours for the FOIR test, subject to their own obligations, which raises the serviceable EMI proportionally. Lenders also often add a portion of verified rental income. The LTV cap on the property is unaffected either way, so this only helps when income rather than LTV is the binding ceiling.