Housing Loan Eligibility

Loan Eligibility Checker

Check your home loan eligibility instantly based on your monthly income and existing commitments.

₹100,000
₹0
20 Years
8.5%

Eligibility Result

Estimated Eligible Loan Amount

₹5,761,542

Max Monthly EMI: ₹50,000
FOIR Applied: 50%
Assumed Interest: 8.5% p.a.
Consult with Advisor

Eligibility is subject to bank guidelines, credit score (CIBIL), and property valuation. This is an estimate based on standard banking ratios.

How to interpret this data

What is FOIR?

FOIR stands for Fixed Obligation to Income Ratio. Most banks in India use a standard FOIR of 50%. This means your total monthly commitments (including the new home loan EMI and any existing loans) should not exceed 50% of your gross monthly income.

What is a safe Loan-to-Value (LTV)?

While banks may fund up to 80-90% of the property value, a safe LTV is typically around 70-75%. Maintaining a higher down payment reduces your interest burden over time and improves your loan approval chances.

Factors affecting your eligibility

  • CIBIL Score:A score of 750 or above is ideal for securing the lowest interest rates.
  • Age:Younger applicants often qualify for longer tenures (up to 30 years), increasing the eligible amount.
  • Employment:Stable employment with reputed organizations or a consistent business track record is preferred.