home loan eligibility calculator
Home Loan Eligibility Calculator
Estimate a home loan amount that may fit your monthly budget. Enter income, existing EMI obligations, interest rate and tenure, then adjust the planning assumption to explore different budgets.
not lender approval
This estimate is not loan approval, pre-approval, or an offer from a lender. Actual eligibility depends on lender policies, verified income, credit profile, age, employment and property details.
planning estimate
Estimated loan amount under your selected budget
Estimated loan amount
₹46,09,234
This estimate uses the EMI budget percentage you selected. Change the assumption, rate or tenure to compare planning scenarios.
- Maximum planned home loan EMI
- ₹40,000
- Estimated property budget
- ₹66,09,234
- Existing monthly EMIs
- ₹20,000
- Selected EMI-to-income assumption
- 40%
Budget breakdown
- Monthly income for planning
- ₹1,50,000
- Maximum total EMI budget
- ₹60,000
- Existing monthly EMIs
- ₹20,000
- Available home loan EMI
- ₹40,000
Rate and tenure assumptions
- Interest rate
- 8.50% p.a.
- Loan tenure
- 20 years
- Down payment included in property budget
- ₹20,00,000
This estimate is for planning purposes only. It is not loan approval, pre-approval, or an offer from a lender. Actual eligibility depends on lender policies, verified income, credit profile, age, employment, property details and applicable terms.
Calculate EMI for a specific loan amountHome loan eligibility estimate is ready.
How do existing EMIs change the estimate?
Compare monthly obligations against the same planning assumption used by this estimator.
Already know the loan amount?
Calculate monthly EMI, total interest and total repayment from loan amount, rate and tenure.
How This Home Loan Eligibility Estimate Works
The calculator multiplies monthly income by your selected maximum share of income for all EMIs. It then subtracts existing monthly EMIs to estimate the monthly amount available for a new home loan EMI.
The available EMI is converted into a loan amount using the same fixed-rate EMI model as the payment calculator. Down payment is added only to estimate a simple property budget.
How Existing EMIs Affect Your Budget
Existing EMIs reduce the monthly amount available for a new home loan EMI under the selected assumption. If current obligations consume the selected budget, the result shows a no-budget state instead of a negative estimate.
Why Actual Eligibility May Differ
Lenders may consider verified income, employment type, age, credit profile, repayment history, co-applicants, property details, loan-to-value rules and internal policies. This page does not model those lender-specific checks.
Eligibility Estimate vs EMI Calculator
Use this page when you are starting from income and a monthly budget assumption. If you already know the loan amount, use the Home Loan EMI Calculator to calculate EMI, total interest and repayment schedule.
Looking for U.S. terminology instead? Visit the U.S. affordability calculator.
Home Loan Eligibility Calculator FAQs
How is home loan eligibility estimated?
This page estimates a loan amount from monthly income, existing EMIs, your selected EMI-to-income assumption, interest rate and tenure. It is a planning estimate, not a lender decision.
What are existing EMIs?
Existing EMIs are current monthly obligations such as personal loan, vehicle loan, education loan, credit card EMI or other loan instalments.
Does a higher income increase the estimated loan amount?
Usually yes, if existing EMIs and the selected budget assumption stay the same. A higher income can leave more room for a home loan EMI.
Does this calculator guarantee home loan approval?
No. It does not guarantee approval, pre-approval, eligibility or any lender offer.
Should I use monthly gross income or take-home income?
Use the income amount you want to plan with. Some lenders assess income differently, and take-home income may be more conservative for personal budgeting.
How is this different from the Home Loan EMI Calculator?
The eligibility estimator starts from income and EMI budget. The EMI calculator starts from a specific loan amount and calculates the monthly EMI.
Sources and Methodology
The estimate uses a user-selected EMI-to-income planning assumption and the fixed-rate EMI formula inverted into loan principal. It excludes stamp duty, registration, maintenance, transaction costs, lender fees, insurance products and lender-specific credit policy. Learn about our calculation methodology.