Home Loan Eligibility Calculator

Determine maximum eligible loan amount based on your net income and existing monthly obligations.

Input Parameters

Gross Monthly Income ₹100,000

Existing Monthly EMIs ₹0

Expected Interest Rate (%)

Loan Tenure (Years)

Estimated Output

Calculating breakdown...

Eligible EMI = (Net Income x FOIR%) - Existing Monthly Debt

FOIR (Financial Obligation to Income Ratio) is typically assumed at 50% for banks.

Monthly income ₹1,00,000 with 0 existing debt @ 8.5% interest for 20 years yields loan eligibility of ~₹57.6 Lakhs.

1 Answers

Expert answers to common questions about Home Loan Eligibility Calculator, eligibility criteria, interest formulas, and financial strategies.

FAQ #1 How to increase loan eligibility?

Add a co-applicant or clear existing debts.