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Maximum Loan Amount You Can Get
✅ Eligible
📊 FOIR (EMI-to-Income Ratio)0%
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📋 Eligibility Summary
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EMI You Can Afford—
Available Income for EMI—
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Interest Rate—
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📊 Income Breakdown
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Max EMI Allowed (FOIR)—
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🏦 Bank-wise Interest Rate Comparison
| Bank | Interest Rate | Your EMI | Max Loan | Processing Fee |
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💡 How to Increase Your Loan Eligibility
How Loan Eligibility is Calculated?
Banks use the FOIR method:
- Max allowed EMI = Monthly Salary × FOIR%
- Available EMI = Max EMI − Existing EMIs
- Max Loan = Available EMI × loan factor (depends on rate & tenure)
Example: Salary ₹60,000, FOIR 50%, existing EMI ₹5,000 → Available EMI = ₹25,000 → Home Loan ≈ ₹28 Lakh at 8.5% for 20 years.
Factors That Affect Eligibility
- CIBIL Score: 750+ for best rates, 700+ for approval
- Age: Younger applicants get longer tenure
- Employment: PSU/Govt employees get better rates
- Existing loans: Fewer loans = higher eligibility
- Co-applicant: Adding spouse/parent increases eligibility
- Income proof: ITR + salary slips needed
FAQ
How much home loan can I get on ₹50,000 salary? ▼
On a salary of ₹50,000/month with FOIR of 50% and no existing EMIs, you can get approximately ₹25-30 lakh home loan at 8.5% for 20 years. The exact amount depends on your credit score, age, employer, and other bank criteria. Use our calculator above for personalized results.
What is FOIR in loan eligibility? ▼
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that goes towards all EMI payments. Most banks allow 40-50% FOIR. If your salary is ₹60,000 and FOIR is 50%, your total EMI burden (including new loan) cannot exceed ₹30,000/month.
Does CIBIL score affect loan eligibility? ▼
Yes, significantly. A CIBIL score of 750+ gives you the best interest rates and higher eligibility. Score below 650 may result in rejection. Improve your score by paying EMIs on time, keeping credit utilization below 30%, and avoiding multiple loan applications at once.
How to increase home loan eligibility? ▼
Add a co-applicant (spouse/parent) to combine income, close existing small loans, improve CIBIL score, opt for longer tenure, provide additional income proof (rental income, freelance), and choose banks offering higher FOIR. A higher down payment also helps.