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Home Loan Eligibility Calculator
Income-based eligibility · LTV check · Co-applicant · CIBIL impact · Bank comparison · 2026
FOIR-based eligibilityLTV checkCo-applicant income10 bank comparison
💼 Your income & obligations
Employment type
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₹20K₹10L
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₹0₹5L
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₹0₹2L
🏦 Loan & property details
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7%14%
years
5years30years
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₹10L₹10Cr
FOIR (Fixed Obligation to Income Ratio)- banks allow 40–55%
CIBIL score - affects interest rate
300750900
Maximum eligible home loan
₹57.62 L
Limited by your income (FOIR-based max: ₹57.62 L)
Monthly EMI
₹50,000
Total interest
₹62.38 L
Down payment needed
₹17.38 L (23%)
Effective rate
8.50% p.a.
Total EMI obligation / income50.0% of 50% FOIR limit
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Income-based eligibility
Limiting factor₹57.62 L
50% FOIR · Available EMI: ₹50,000/mo
Total income: ₹1,00,000/mo
Existing EMIs: ₹0/mo
Available for home loan: ₹50,000/mo
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Property value-based (LTV)
₹60.00 L
80% of property value ₹75.00 L
Property value: ₹75.00 L
LTV allowed: 80%
Max loan via LTV: ₹60.00 L
How your CIBIL score affects eligibility
750–900Excellent— Best rates, high approval odds
← Your score700–749Good— Good rates, likely approved
650–699Fair— May get loan at higher rate
600–649Poor— Difficult; try NBFCs
Below 600Very poor— Likely rejected by most banks
| CIBIL score | Rate premium | Effective rate (on 8.5% base) | Eligible loan (income: ₹1,00,000/mo) |
|---|---|---|---|
| 750–900(yours) | No premium | 8.50% | ₹57.62 L |
| 700–749 | +0.25% | 8.75% | ₹56.58 L |
| 650–699 | +0.5% | 9.00% | ₹55.57 L |
| 600–649 | +1% | 9.50% | ₹53.64 L |
| Below 600 | +2% | 10.50% | ₹50.08 L |
Bank-wise eligibility comparison - 2026 rates
Income: ₹1,00,000/mo · Property: ₹75.00 L · Your CIBIL: 750
| Bank | Rate | Max FOIR | Max tenure | Eligible loan | EMI | Notes |
|---|---|---|---|---|---|---|
| Bank of BarodaBest offer | 8.40% | 50% | 30yr | ₹58.04 L | ₹50,000/mo | One of lowest PSU rates |
| PNB | 8.45% | 50% | 30yr | ₹57.83 L | ₹50,000/mo | Competitive PSU rates |
| SBI | 8.50% | 50% | 30yr | ₹57.62 L | ₹50,000/mo | Lowest for govt employees |
| LIC Housing | 8.50% | 50% | 30yr | ₹57.62 L | ₹50,000/mo | Trusted NBFC |
| HDFC Bank | 8.70% | 50% | 30yr | ₹56.78 L | ₹50,000/mo | Fast processing |
| Bajaj Housing | 8.70% | 55% | 32yr | ₹56.78 L | ₹50,000/mo | Longest tenure option |
| ICICI Bank | 8.75% | 50% | 30yr | ₹56.58 L | ₹50,000/mo | Good for salaried |
| Axis Bank | 8.75% | 55% | 30yr | ₹56.58 L | ₹50,000/mo | Higher FOIR allowed |
| Kotak Mahindra | 8.75% | 50% | 20yr | ₹56.58 L | ₹50,000/mo | Lower max tenure |
| IDFC First | 8.85% | 55% | 30yr | ₹56.17 L | ₹50,000/mo | Good for self-employed |
*Rates indicative Jan 2026. Actual eligibility depends on individual profile, employer category, existing relationship with bank, and internal credit assessment.
5 ways to improve your home loan eligibility
1
Add a co-applicant with income
A working spouse or parent as co-applicant combines incomes for eligibility. Joint income of ₹1.5L/month vs individual ₹1L can increase eligible loan by 40–50%. Most banks also offer 0.05–0.10% rate concession for women co-applicants.
2
Clear existing loans before applying
Each existing EMI reduces available FOIR headroom. Clearing a ₹10,000/month personal loan at 50% FOIR on ₹1L income increases eligible home loan by approximately ₹6–7 lakh. Prepay high-interest personal/car loans first.
3
Improve your CIBIL score to 750+
A CIBIL score above 750 gets the best rates and highest eligibility. Pay credit card bills in full before due date, never miss EMIs, keep credit utilisation below 30%, and avoid multiple loan applications simultaneously. Score improves in 6–12 months of disciplined credit behaviour.
4
Opt for a longer tenure
Extending tenure from 20 to 30 years reduces the required monthly EMI, allowing you to borrow more within the same FOIR limit. On a ₹75L loan at 8.5%: 20-year EMI = ₹65,084 (qualifies at ₹1.3L income); 30-year EMI = ₹57,640 (qualifies at ₹1.15L income). The trade-off: much higher total interest paid.
5
Show additional income sources
Rental income, freelance earnings, agricultural income, bonus/incentive documentation — declare all legitimate income sources. Banks typically count 75–100% of rental income and 50–75% of documented freelance income toward eligibility calculations.
Home Loan Eligibility in India - How Banks Decide
Banks and housing finance companies use two primary criteria to determine your home loan eligibility: your income-based repayment capacity (via FOIR) and the property value (via LTV). Your actual eligible amount is the lower of these two limits.
Understanding FOIR — the income eligibility formula
FOIR (Fixed Obligation to Income Ratio) is the maximum percentage of your monthly income that banks allow toward all fixed EMI obligations. Most banks set this at 40–55% of net monthly income.
Available EMI = (Gross income × FOIR%) − Existing EMIs
Example: ₹1,00,000 income × 50% FOIR − ₹15,000 existing EMIs = ₹35,000 available for home loan EMI
Max loan at 8.5% for 20 years on ₹35,000 EMI = ₹36.1 lakh
Understanding LTV — the property eligibility limit
| Property value | Max LTV (loan-to-value) | Max loan amount | Min down payment |
|---|---|---|---|
| Up to ₹30 lakh | 90% | ₹27 lakh | ₹3 lakh (10%) |
| ₹30 lakh to ₹75 lakh | 80% | ₹60 lakh | ₹15 lakh (20%) |
| Above ₹75 lakh | 75% | ₹75 lakh+ | 25% of value |
Calculate your exact home loan EMI
Full amortization schedule with prepayment analysis
Frequently asked questions
What is the minimum salary to get a home loan in India?▼
There is no fixed minimum salary requirement — it depends on the loan amount needed. At 50% FOIR and 8.5% interest for 20 years, a ₹50,000/month salary qualifies for approximately ₹30–33 lakh. For a ₹50 lakh loan, you need approximately ₹75,000–80,000/month income. Many banks set a minimum income threshold of ₹25,000/month for salaried applicants and ₹2–3 lakh/year for self-employed.
Does my company/employer matter for home loan eligibility?▼
Yes significantly. Banks categorise employers into Category A (large MNCs, PSUs, listed companies), Category B (established companies), and Category C (others). Category A employees may get higher FOIR allowance (up to 55%), better rates, and faster approval. Government employees from state or central government are considered lowest risk and may get the best terms. Self-employed professionals (doctors, CAs, lawyers) with 3+ years of stable income typically get good eligibility.
Can I get a home loan with an existing personal loan?▼
Yes, but the existing EMI reduces your FOIR headroom and thus your home loan eligibility. If you have a ₹15,000/month personal loan EMI and earn ₹1 lakh/month at 50% FOIR, your available EMI for home loan is only ₹35,000 instead of ₹50,000 — reducing eligibility by roughly ₹14–15 lakh. If possible, clear high-interest personal loans before applying for a home loan.
How much CIBIL score is needed for a home loan?▼
Most banks require a minimum CIBIL score of 650–700 to approve a home loan. A score of 750+ gets the best rates (the base rate). Between 700–749, you may get a loan at 0.25–0.5% higher rate. Between 650–699, approval is possible but at significantly higher rates. Below 650, mainstream banks typically reject — but HFCs (Housing Finance Companies) like PNB Housing, LIC Housing, and Indiabulls may still lend at higher rates.
What documents are required for a home loan?▼
Standard documents: KYC (Aadhaar, PAN), 3 months salary slips, 6 months bank statements, Form 16 / ITR (last 2 years), employment proof (appointment letter / offer letter), property documents (sale agreement, approved building plan, NOC). For self-employed: ITR last 3 years with computation, audited balance sheet and P&L, business proof, 12 months bank statements. Additional documents may be required depending on the bank and property type.