🏦 Free Financial Tool — FY 2026
Loan Eligibility Calculator
How Much Loan Can You Get?
Bank-style eligibility engine — enter your salary, deductions & existing EMIs to instantly know your maximum Home, Personal or Car Loan amount.
✅ Gross / Net Salary
✅ Existing EMI Deduction
✅ FOIR-Based Logic
✅ All Loan Types
✅ EMI Breakdown Chart
📝 Your Details
₹50,000
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₹5K₹5L
₹5,000
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₹0₹50K
₹0
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₹0₹1L
₹0
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₹0₹1L
8.50%
%
1%36%
20 Yrs
Yr
1 Yr30 Yr
🏦 Bank FOIR (EMI % of Income)
📊 Eligibility Result
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Fill in your details and click
Check My Loan Eligibility
Check My Loan Eligibility
🧮 How Banks Calculate Loan Eligibility
Banks in India use a simple but powerful framework to determine your loan eligibility — the FOIR (Fixed Obligations to Income Ratio). This is the maximum percentage of your monthly income that can go toward all EMI payments combined.
// Step 1: Calculate Net Monthly Income
Net Income = Gross Salary − PF − Tax + Other Income
// Step 2: Apply FOIR (Bank's EMI Limit)
Max Allowed EMI = Net Income × FOIR%
// Step 3: Subtract Existing Obligations
Available EMI = Max Allowed EMI − Existing EMIs
// Step 4: Reverse-calculate Loan Amount
Loan Amount = Available EMI × [(1+r)ⁿ − 1] / [r × (1+r)ⁿ]
// where r = monthly rate, n = months
Net Income = Gross Salary − PF − Tax + Other Income
// Step 2: Apply FOIR (Bank's EMI Limit)
Max Allowed EMI = Net Income × FOIR%
// Step 3: Subtract Existing Obligations
Available EMI = Max Allowed EMI − Existing EMIs
// Step 4: Reverse-calculate Loan Amount
Loan Amount = Available EMI × [(1+r)ⁿ − 1] / [r × (1+r)ⁿ]
// where r = monthly rate, n = months
📌 Worked Example: ₹50,000 Salary, Home Loan at 9%, 20 Years
Gross Monthly Salary₹50,000
PF + Tax Deductions− ₹5,000
Net Income₹45,000
FOIR Applied (50%)₹22,500 max EMI
Existing EMIs− ₹0
Available EMI Capacity₹22,500
Eligible Home Loan Amount≈ ₹25,00,000
💡 FOIR by Lender Type: PSU Banks (SBI, PNB, Canara): 40–50% FOIR · Private Banks (HDFC, ICICI, Axis): 50–60% FOIR · NBFCs (Bajaj, Muthoot): 60–70% FOIR for high-income applicants. Our calculator lets you select the right FOIR for your target lender.
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⚙️ Factors That Affect Loan Eligibility
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Monthly Income & Source
Higher stable income = higher eligibility. Salaried employees from listed companies get the most favourable treatment. Business income is typically discounted 10–20% by banks.
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CIBIL / Credit Score
A score above 750 unlocks the best rates. Below 650 = likely rejection for home loans. Every missed payment can drop your score 30–100 points. Check your score before applying.
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Existing Loans & EMIs
Every existing EMI reduces your Available EMI Capacity. A ₹10,000 existing car loan can reduce your home loan eligibility by ₹10–12 lakh. Clear small loans before applying.
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Age & Remaining Work Life
Banks set maximum loan tenure such that EMIs end before age 60–65 for salaried. A 45-year-old can get at most a 15–20 year home loan, reducing eligibility vs a 30-year-old.
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Employer & Job Stability
Employees of PSUs, MNCs, and Fortune 500 companies get better rates and higher eligibility. Minimum job continuity: 6 months current employer, 2+ years total experience.
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Property Location & Value
For home loans, property value and location affect sanction. Banks typically lend up to 75–80% of property value (LTV). A ₹40L property can secure a maximum ₹30–32L loan.
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📈 Tips to Increase Your Loan Eligibility
- 1Add a Co-Applicant. Adding your spouse or parent as co-applicant combines both incomes, often increasing eligibility by 40–80%. Both CIBIL scores will be checked — ensure both are 750+.
- 2Close Small Existing Loans First. Prepay your personal loan or car loan before applying for a home loan. Each ₹5,000 of existing EMI cleared can increase home loan eligibility by ~₹5–6 lakh.
- 3Show All Income Sources. Rental income, freelance income, or fixed deposits can be included as additional income. Some banks add 50–100% of verified rental income to your base salary.
- 4Improve Your CIBIL Score. Pay all existing EMIs on time for 6 months, keep credit card utilisation below 30%, and avoid multiple loan applications simultaneously. A 50-point score improvement can reduce your interest rate by 0.25–0.5%, significantly improving eligibility.
- 5Choose a Longer Tenure. Extending from 15 to 20 years reduces the monthly EMI and allows you to borrow more. However, total interest cost increases — use our EMI Calculator to compare.
- 6Reduce Credit Card Outstanding. High credit card balances (above 50% of limit) negatively impact CIBIL score and are treated as obligations by banks. Pay down balances before applying.
- 7Apply with the Right Lender. NBFCs generally use 60–70% FOIR, giving higher eligibility than PSU banks at 40–50% FOIR. If your income is stable but high, a private bank or NBFC may give you ₹5–10 lakh more eligibility.
- 8Avoid Multiple Applications. Every loan application triggers a hard credit enquiry, reducing your CIBIL score by 5–10 points each time. Use calculators (like this one) to estimate eligibility before applying.
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🔀 Home Loan vs Personal Loan vs Car Loan Eligibility
| Parameter | 🏠 Home Loan | 💼 Personal Loan | 🚗 Car Loan |
|---|---|---|---|
| Interest Rate (2026) | 8.35–10.50% | 10.50–24% | 8.70–15% |
| Max Tenure | 30 years | 5 years | 7 years |
| Max Loan Amount | Up to 75–80% of property value | Based on income (up to ₹40L) | Up to 85–100% of car value |
| FOIR Applied | 40–50% | 50–60% | 50–60% |
| Collateral | Property (mortgage) | None | Vehicle (hypothecation) |
| Processing Fee | 0.25–0.5% | 1–3% | 0.5–2% |
| Disbursal Time | 7–21 days | 1–3 days | 1–7 days |
| Eligibility on ₹50K salary | ₹23–30 lakh | ₹5–8 lakh | ₹5–8 lakh |
| Tax Benefit | Yes (Sec 80C + 24) | Home renovation only | Business use only |
| Pre-payment Penalty | Nil (floating rate) | 2–5% | Nil–3% |
💡 Key Takeaway: Home loans offer the longest tenure (up to 30 years), which dramatically increases eligibility on the same salary. A ₹50,000-salary borrower can get ₹23–30 lakh in a home loan, but only ₹5–8 lakh in a personal loan — because the EMI is spread over 20 years vs 5 years.
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❓ Frequently Asked Questions
How much home loan can I get on ₹50,000 salary?
On a ₹50,000 gross monthly salary with no existing EMIs, after ₹5,000 in deductions (PF/tax), your net income is ₹45,000. At 50% FOIR, your eligible EMI is ₹22,500. At 9% interest for 20 years, this gives an eligible loan of approximately ₹25 lakh. At 60% FOIR (private banks/NBFCs), this rises to ₹30 lakh.
What is FOIR and how does it affect my loan?
FOIR (Fixed Obligations to Income Ratio) is the maximum % of your monthly income that banks allow as total EMI outgo. PSU banks: 40–50% · Private banks: 50–60% · NBFCs: 60–70%. If your FOIR is already at the limit due to existing loans, you may need to close them before getting new loan eligibility.
Does my CIBIL score affect how much loan I can get?
Yes — significantly. A CIBIL score above 750 gets you:
- Lower interest rate (0.5–1% less = ₹3–6 lakh saved on a ₹30L loan)
- Higher FOIR allowance with some lenders
- Faster approval with fewer documents
How does adding a co-applicant increase my loan eligibility?
When you add a co-applicant (spouse, parent, or sibling), their income is added to yours for eligibility calculation. Example: Your income ₹50,000 + Spouse income ₹40,000 = ₹90,000 combined. At 50% FOIR, your eligible EMI jumps from ₹22,500 to ₹40,500, potentially increasing home loan eligibility from ₹25L to ₹45L — an 80% increase.
Is gross salary or net salary used for loan eligibility?
It depends on the lender:
- PSU Banks: Typically use gross salary with a 40–50% FOIR
- Private Banks: Often use net take-home (in-hand) salary with a 55–60% FOIR
- NBFCs: Use in-hand salary with 60–70% FOIR
Can I get a loan if I already have existing EMIs?
Yes — but your eligibility is reduced. Banks subtract your existing EMIs from the maximum allowed EMI before calculating the new loan amount. Example: If your eligible EMI capacity is ₹25,000 and you already pay ₹10,000/month in EMIs, only ₹15,000 is available for the new loan — reducing your home loan eligibility by approximately ₹16–17 lakh.
What is the maximum home loan I can get in India in 2026?
There is no absolute cap — home loan eligibility is limited by the lower of:
- Income-based limit: From FOIR calculation on your salary
- Property-based limit: 75–80% LTV of the property's market value