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Home Loan Eligibility Calculator

Estimate the maximum home loan EMI, loan amount, and total property affordability you may be eligible for, using the FOIR (Fixed Obligation to Income Ratio) method.

Income and loan details

Enter your take-home monthly income after deductions.

Total EMI you already pay on other loans, if any.

How much of your income lenders may assume can go toward all EMIs.

Expected annual interest rate for the home loan.

Repayment period in years.

Amount you plan to pay from your own funds.

Max eligible EMI is (net monthly income × FOIR%) minus existing EMIs. That EMI is then converted to a loan amount using P = EMI × [(1+r)ⁿ − 1] ÷ [r × (1+r)ⁿ], the same formula the EMI Calculator uses, solved in reverse.

Max eligible EMI

₹40,000.00

at the Standard (50%) FOIR band

Max eligible loan amount

₹46,09,233.59

Total property affordability

₹56,09,233.59

Loan amount vs own contribution

  • Loan amount₹46,09,233.59
  • Own contribution₹10,00,000.00

The share link includes the values you entered — anyone with the link can see them.

Compare FOIR bands

See what the Conservative, Standard, and Aggressive presets would each give you for the same income, obligations, rate, and tenure.
Max eligible EMI, loan amount, and property affordability by FOIR band
FOIR bandMax eligible EMIMax eligible loan amountTotal property affordability
Conservative (40%)₹30,000.00₹34,56,925.19₹44,56,925.19
Standard (50%)₹40,000.00₹46,09,233.59₹56,09,233.59
Aggressive (60%)₹50,000.00₹57,61,541.99₹67,61,541.99

A higher FOIR band assumes more of your income can go toward EMIs, which raises the eligible EMI and loan amount but leaves less monthly income unallocated. This is an estimate, not a loan sanction — actual eligibility depends on the lender's own policy and underwriting.

Formula and worked example

How the FOIR method and reverse-EMI calculation work, with a sample income and loan scenario worked through step by step.

FOIR and reverse-EMI methodology

Net monthly income is multiplied by the chosen FOIR percentage and existing EMI obligations are subtracted, floored at zero, to give the maximum eligible EMI. That EMI is then run through the standard reducing-balance EMI formula solved for principal instead of payment — the same formula the EMI Calculator uses, applied in reverse — to estimate the maximum eligible loan amount. Own contribution is added to that loan amount to estimate total property affordability.

Max eligible EMI = (Net monthly income × FOIR%) − Existing EMIs; Max eligible loan = EMI × [(1+r)ⁿ − 1] ÷ [r × (1+r)ⁿ]

FOIR%
Fixed Obligation to Income Ratio band: 40% (Conservative), 50% (Standard), or 60% (Aggressive)
r
Monthly interest rate as a decimal
n
Total number of monthly instalments (tenure in years × 12)

Home loan eligibility example

For a ₹1,00,000 net monthly income, ₹10,000 of existing EMI obligations, the Standard (50%) FOIR band, an 8.5% annual interest rate, and a 20-year tenure, the calculator first finds the maximum eligible EMI, then reverses the EMI formula to find the maximum eligible loan amount.

Sample inputs

Net monthly income
₹1,00,000
Existing monthly EMI
₹10,000
FOIR band
Standard (50%)
Annual interest rate
8.5%
Loan tenure
20 years
Own contribution
₹10,00,000

Example results

Max eligible EMI
₹40,000.00
Max eligible loan amount
₹46,09,233.59
Total property affordability
₹56,09,233.59

Understand your home loan eligibility estimate

See how the FOIR method turns income and existing obligations into an eligible EMI, loan amount, and property affordability figure.

Understand your home loan eligibility estimate

See how the FOIR method turns income and existing obligations into an eligible EMI, loan amount, and property affordability figure.

How to use the Home Loan Eligibility calculator

  1. Enter your net (take-home) monthly income.
  2. Add any existing monthly EMI obligations from other loans.
  3. Pick a FOIR band, enter the lender's annual interest rate and the loan tenure, and add your own contribution or down payment amount.

How the FOIR method works

The calculator multiplies net monthly income by the chosen FOIR percentage to get a total monthly obligation budget, then subtracts existing EMI obligations to leave the maximum EMI available for a new home loan. That maximum EMI is then run through the reverse of the standard reducing-balance EMI formula, solved for principal instead of payment, to estimate the maximum loan amount the entered rate and tenure could support.

Why a reverse-EMI calculation

A normal EMI calculation starts from a loan amount and finds the monthly payment. This calculator works backwards from an affordable monthly payment to find the loan amount, using the same rate-and-tenure relationship, so the result stays consistent with what a standard EMI calculator would show for that same loan amount.

From loan amount to total property affordability

Total property affordability adds the own contribution or down payment directly to the maximum eligible loan amount. It answers a different question from the eligible loan amount alone: how large a property price this scenario could support in total, combining borrowed and self-funded money.

Reading the three headline numbers separately

Max eligible EMI, max eligible loan amount, and total property affordability answer three different questions and are shown separately rather than blended into one figure, so a monthly-budget constraint (EMI) is never confused with a one-time capital figure (loan amount or total affordability).

Benefits of estimating eligibility first

  • Get a rough budget before house-hunting or approaching a lender.
  • See how sensitive the eligible amount is to the FOIR band, rate, and tenure chosen.
  • Compare the effect of paying down existing EMIs before applying for a home loan.

Limitations and assumptions

Common eligibility-estimate mistakes

  • Entering gross salary instead of net (take-home) monthly income.
  • Leaving out existing EMIs on car, personal, or other loans.
  • Assuming every lender uses the same FOIR percentage.
  • Treating the estimated loan amount as a guaranteed sanction amount.

Practical planning tips

  • Compare all three FOIR bands rather than relying on a single assumption.
  • Check the estimate again after any change in existing EMIs or income.
  • Confirm the actual FOIR policy and interest rate with the specific lender before relying on the figure.
  • Keep some buffer between the estimated maximum EMI and your actual comfortable monthly commitment.

Comparing the three FOIR bands

Educational comparison of the three FOIR presets
BandFOIR percentageGeneral fit
Conservative40%Leaves more monthly income unallocated to EMIs; a cautious planning assumption
Standard50%A commonly used mid-range assumption in home loan eligibility checks
Aggressive60%Assumes a higher share of income can go to EMIs; leaves less monthly buffer

Related learning

EMI CalculatorCalculate the EMI, total interest, and schedule for a specific loan amount.HRA CalculatorEstimate HRA exemption, which affects net income available for EMIs.Income Tax CalculatorEstimate take-home income after tax.

Frequently asked questions

Common questions about FOIR, home loan eligibility, and how this calculator works.

Frequently asked questions

What is FOIR?

FOIR, or Fixed Obligation to Income Ratio, is the share of your net monthly income that lenders assume can go toward all fixed monthly obligations, including the new home loan EMI, existing loan EMIs, and other recurring instalments. Lenders use it to estimate how much EMI you can afford before deciding a loan amount.

Why do the Conservative, Standard, and Aggressive presets give different results?

Each preset assumes a different FOIR percentage: Conservative uses 40% of net monthly income, Standard uses 50%, and Aggressive uses 60%. A higher percentage assumes you can commit more of your income to EMIs, which raises the maximum eligible EMI and, in turn, the maximum eligible loan amount. Lenders and borrowers may reasonably prefer different bands depending on other financial commitments and risk appetite.

Is this the loan amount a bank will actually approve?

No. This is an estimate based on the FOIR method and the reverse-EMI calculation alone. Actual bank sanction depends on the lender's own credit policy, your credit score, employment type and stability, property valuation, loan-to-value norms, processing fees, other underwriting checks, and documentation. Treat this figure as a starting point for planning, not a loan offer or pre-approval.

What happens if my existing EMIs already exceed the FOIR budget?

If your existing monthly EMI obligations alone are higher than the FOIR percentage of your income, the calculator shows zero eligible EMI and zero eligible loan amount for that band, since no further monthly obligation would fit within the assumed limit. Reducing existing EMIs, choosing a higher FOIR band, or increasing income would be the usual ways to change that outcome.

How does own contribution affect total property affordability?

Own contribution, or down payment, is added directly to the maximum eligible loan amount to estimate the total property value you could afford. A larger own contribution increases total affordability without changing your eligible EMI or loan amount, since it does not depend on FOIR at all.

Does a longer loan tenure increase my eligible loan amount?

Usually, yes. For the same eligible EMI and interest rate, a longer tenure spreads repayment over more months, which generally increases the maximum eligible loan amount. It also increases the total interest paid over the life of the loan, so a longer tenure trades a smaller monthly commitment for a larger total cost.

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