Home Loan Eligibility Calculator

Estimate how much home loan you may be eligible for based on your monthly income, existing financial obligations, loan tenure and interest rate.

Eligibility Result

Enter the details above to see your home loan eligibility.

How Home Loan Eligibility is Calculated

Home loan eligibility is primarily based on your repayment capacity. Banks usually allow a fixed percentage of your monthly income to be used for loan repayment after deducting existing liabilities.

Eligibility Formula Used

Maximum EMI = 60% of Monthly Income – Existing EMIs

Eligible Loan Amount is calculated by reversing the EMI formula using: loan tenure and applicable interest rate.

Why Use This Calculator?

  • Know your loan eligibility before applying
  • Plan EMIs within your budget
  • Compare different tenure scenarios
  • Free, instant and easy to use

Disclaimer: Results are indicative. Final eligibility depends on bank policies, credit score, age, and documentation.