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Home Loan Eligibility Calculator

Find out how much home loan you can get based on your income

Check Your Eligibility
₹
₹10,000₹1,00,00,000
₹
₹0₹10,00,000
% p.a.
5%16%
Years
2 yrs30 yrs
Eligible Loan Amount
₹57,61,542
Maximum EMI you can afford: ₹50,000/mo
Income Utilisation
50% New Home Loan
50% Available
Loan Amount₹57,61,542
Total Interest₹62,38,458
Total Payment₹1,20,00,000
Bank / LenderTypeRate (% p.a.)Processing Fee
State Bank of India-0.05% womenPSU7.25% - 8.45%0.35% (Min ₹2,000; Max ₹10,000) + GST
Central Bank of IndiaPSU7.1% onwardsMax ₹20,000 + taxes
Bank of IndiaPSU7.1% onwards₹1,500 - ₹20,000
Punjab and Sind BankPSU7.1% onwards0.25% + taxes (loans > ₹75L)
Union Bank of IndiaPSU7.15% onwards0.50%, max ₹15,000 + GST
Canara BankPSU7.15% onwardsContact bank
Bank of MaharashtraPSU7.15% onwardsMax ₹25,000 (0.25%)
LIC Housing FinanceNBFC7.15% onwardsMax ₹15,000 + GST (0.25%)
Bank of BarodaPSU7.2% onwards₹8,500 - ₹25,000
South Indian BankPvt7.2% onwards₹10,000 - ₹50,000 + GST (0.50%)
Jammu & Kashmir BankPSU7.25% onwards₹2,000 - ₹50,000 + GST (0.25%)
Federal BankPvt7.3% onwards₹10,000 - ₹2,00,000 (0.50%)
Karnataka BankPvt7.3% onwards0.25%; nil for Xpress > ₹75L
IDBI BankPSU7.35% onwards0.50% + taxes
Saraswat BankPvt7.35% onwards₹2,500 - ₹7,500 + GST
HSBC BankPvt7.45% onwardsContact bank
Tata CapitalNBFC7.5% onwards₹999 + GST (initial)
Dhanlaxmi BankPvt7.65% onwardsMin ₹10,000 + service tax (1%)
Kotak Mahindra BankPvt7.7% onwardsUp to 2% + GST (nil for online)
Punjab National BankPSU7.75% onwards₹2,500 - ₹15,000
HDFC BankPvt7.75% - 13.2%Up to 0.50% or ₹4,000 + GST
Standard Chartered BankPvt7.99% onwards1% of sanctioned amount
Axis BankPvt8% onwardsMin ₹10,000, up to 1% + taxes
Bandhan BankPvt8.41% onwardsContact bank
ICICI BankPvt8.5% - 9.65%0.50% + taxes
Karur Vysya BankPvt8.5% onwardsContact bank
Truhome FinanceNBFC8.5% onwardsAt NBFC's discretion
Tamilnad Mercantile BankPvt8.8% onwards0.50% + GST
GIC Housing FinanceNBFC8.8% onwards₹2,500 + GST
IDFC First BankPvt8.85% onwardsUp to 3% of loan amount
Yes BankPvt9% - 11.5%Higher of 1.5% + GST or ₹10,000 + GST
HudcoNBFC9.2% - 9.7%Contact NBFC

Rates are floating rates for salaried borrowers. Actual rate depends on your credit score, loan amount, and bank policies. Last updated: 2026-03-08. Source: BankBazaar, individual bank websites.

How is Home Loan Eligibility Calculated?
Step 1: Max EMI  =  (Income × 50%)  − Existing EMIs
Step 2: P  = EMI × [(1 + r)n − 1]  ÷  [r × (1 + r)n]
P = eligible loan · r = monthly interest rate · n = total months
1

Calculate how much EMI you can afford

Banks use FOIR (Fixed Obligation to Income Ratio) — typically 50% of your gross monthly income. From that, they subtract your existing EMIs. The remainder is the maximum new EMI you can handle.

Max EMI = (Monthly Income × 50%) − Existing EMIs
With ₹1,00,000 salary and ₹10,000 existing EMI → Max new EMI = ₹50,000 − ₹10,000 = ₹40,000
2

Convert that EMI into a loan amount

Using the reverse-EMI formula, the bank calculates the largest loan whose EMI equals your affordable amount. This formula considers the interest rate and tenure.

P = EMI × [(1+r)ⁿ − 1] / [r × (1+r)ⁿ]
₹40,000 EMI at 8.5% for 20 years → Eligible loan ≈ ₹46,45,000
3

Banks also check property value (LTV)

Even if your income supports a higher loan, the bank won't lend more than a percentage of the property's market value. RBI mandates LTV caps: 90% for loans up to ₹30L, 80% for ₹30–75L, and 75% above ₹75L.

Max Loan = Property Value × LTV Ratio
For a ₹60 lakh property, bank can fund up to ₹60L × 80% = ₹48L
4

Credit score can adjust your rate

A CIBIL score above 750 typically gets you the best rates (0.25–0.5% lower), which increases your eligible amount. Below 700, banks may charge higher rates or reject the application entirely.

Higher score → Lower rate → Higher eligibility
8.5% vs 9.0% on 20-yr loan: ~₹2.5L more eligibility per ₹1L income
Frequently Asked Questions

Calculations are indicative only. Actual eligibility depends on your credit score, employment stability, property value, and bank policies.
This calculator uses a standard 50% FOIR (Fixed Obligation to Income Ratio). Some banks may use 40–60% depending on income level.