Home Loan Eligibility Calculator India 2026
Check Max Loan · FOIR · CIBIL Score · Bank Comparison · EMI Preview
Home loan eligibility depends on monthly income, existing EMIs, CIBIL score, age, and property value. RBI mandates LTV (Loan to Value) limits — 90% for properties under ₹30L, 80% for ₹30–75L, 75% for above ₹75L. Maximum tenure is 30 years or until age 70, whichever is earlier. A joint home loan with spouse can increase eligibility by up to 40% and both get full tax benefits under Section 80C and 24(b). Calculate exact home loan eligibility and compare SBI, HDFC, ICICI, Axis, Kotak instantly.
📋 Your Financial Profile
📊 Eligibility Breakdown
🔮 "What If" Simulator
See how changing one factor boosts your eligibility
📅 Amortization Preview — First 12 Months
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹29,428 | ₹5,147 | ₹24,281 | ₹33,24,853 |
| 2 | ₹29,428 | ₹5,184 | ₹24,244 | ₹33,19,669 |
| 3 | ₹29,428 | ₹5,222 | ₹24,206 | ₹33,14,447 |
| 4 | ₹29,428 | ₹5,260 | ₹24,168 | ₹33,09,187 |
| 5 | ₹29,428 | ₹5,299 | ₹24,129 | ₹33,03,888 |
| 6 | ₹29,428 | ₹5,337 | ₹24,091 | ₹32,98,551 |
| 7 | ₹29,428 | ₹5,376 | ₹24,052 | ₹32,93,175 |
| 8 | ₹29,428 | ₹5,415 | ₹24,013 | ₹32,87,760 |
| 9 | ₹29,428 | ₹5,455 | ₹23,973 | ₹32,82,305 |
| 10 | ₹29,428 | ₹5,495 | ₹23,933 | ₹32,76,810 |
| 11 | ₹29,428 | ₹5,535 | ₹23,893 | ₹32,71,275 |
| 12 | ₹29,428 | ₹5,575 | ₹23,853 | ₹32,65,700 |
| Total | ₹70,62,720 | ₹33,30,000 | ₹37,32,720 | — |
🎯 Pre-Approval Probability
💡 Tips to Increase Your Loan Eligibility
Current: 750. Pay all dues on time. 750+ gets you best rates and fast approval.
✅ Already greatYour existing EMIs: ₹0. Closing them frees FOIR capacity.
✅ No existing EMIsAdd working spouse or parent. Combined income dramatically increases max loan.
Potentially +50–80% eligibilityLonger tenure = lower EMI = more loan. Current: 20yr. Max: 30yr.
Lower EMI by extending to 30yrHigher down payment = smaller loan needed = easier approval and lower interest.
Reduces loan requirement and improves FOIRBonus, rental income, part-time income — some banks include these. Get income certificate.
Can add 20–30% to declared incomeWhat is Loan Eligibility? — How Banks Calculate
Loan eligibility is the maximum loan amount a bank will approve based on your income, existing obligations, credit score, and loan type. The primary rule is FOIR (Fixed Obligation to Income Ratio) — most banks allow maximum 50% of your net income towards all EMIs combined.
📐 FOIR Formula
📊 Worked Example
Monthly Income ₹60,000 · Existing EMI ₹10,000 · CIBIL 750 · Home Loan 20yr @8.5%
🏦 Loan Type Comparison
| Loan Type | Typical Rate | Max Tenure | LTV | CIBIL Min |
|---|---|---|---|---|
| 🏠 Home Loan | 8.5–10% | 30 years | 75–90% | 650+ |
| 🚗 Car Loan | 8.75–10% | 7 years | 85% | 650+ |
| 💼 Personal Loan | 10–24% | 5 years | — | 700+ |
| 🥇 Gold Loan | 9–11% | 3 years | 75% | 0+ |
Frequently Asked Questions
How much home loan can I get on ₹50,000 salary?
On ₹50,000 salary with CIBIL 750+ and no existing EMI: 20yr tenure → ≈₹25.8L at 8.75%. 25yr tenure → ≈₹28L. 30yr tenure → ≈₹29.5L. Adding spouse income of ₹30,000 → combined eligibility ≈₹42L. SBI and HDFC both commonly approve ₹25–30L for ₹50K salary. Increasing tenure from 20yr to 30yr adds ₹3.7L eligibility but costs ₹15L extra in total interest.
What is LTV ratio and how does it affect home loan eligibility?
LTV (Loan to Value) is the maximum % of property value a bank will finance. RBI rules: Property ≤₹30L → max 90% LTV. Property ₹30–75L → max 80%. Property >₹75L → max 75%. Example: ₹60L property → bank lends max ₹48L (80%). Even if income supports ₹55L eligibility, bank caps at ₹48L for that property. You must arrange the balance (₹12L) as down payment.
What tax benefits come with home loan in India?
Section 80C: Principal repayment — up to ₹1.5L per year deductible. Section 24(b): Interest paid — up to ₹2L per year for self-occupied property. Section 80EEA (first-time buyer): Additional ₹1.5L interest deduction for property ≤₹45L. Joint loan benefit: Both co-applicants can claim full ₹2L interest deduction separately — total household saving = ₹4L deduction per year for couple.
What is the maximum home loan tenure in India?
Maximum tenure: 30 years OR until age 70, whichever is earlier. For age 35: max = MIN(30yr, 70−35) = 30 years. For age 50: max = MIN(30yr, 70−50) = 20 years. LIC HFL offers up to age 75 in some cases. Longer tenure = lower EMI but more total interest. ₹30L at 8.75%: 20yr EMI ₹26,540 (total interest ₹33.7L) vs 30yr EMI ₹23,606 (total interest ₹54.9L) — ₹21.2L extra for longer tenure.
Can I get home loan without salary slip?
Yes — for self-employed: ITR last 3 years, CA-certified profit & loss, business bank statement 12 months. For cash-salaried: employer letter, rent receipts, Form 16. NBFCs (Bajaj Housing, PNB Housing) offer home loans with alternative income proof at 0.5–1% higher rate. Business owners can show business account transactions as income proof.
📌 Key Takeaways — Loan Eligibility 2026
- ✅ Banks use FOIR rule: Total EMIs (existing + new) should not exceed 50% of net income
- ✅ CIBIL score 750+ gets best rates. Below 650 = mostly rejected by major banks
- ✅ Co-applicant income boosts eligibility — especially spouse for home loans
- ✅ Home Loan LTV: 90% for ≤₹30L, 80% for ₹30L–75L, 75% for above ₹75L (RBI norms)
- ✅ Prepay existing EMIs to increase eligibility before applying for new loan
- ✅ Home Loan max tenure: 30 years or till age 70, whichever comes first
- ✅ Gold Loan: 75% of gold value — no CIBIL check, instant disbursal
- ✅ Improving CIBIL from 700 to 750 can save 0.5–1% interest rate = ₹lakhs over tenure