Loan Eligibility Calculator (FOIR)

Calculate the maximum home loan amount lenders will approve based on your salary, existing EMIs, and FOIR limit.

Reviewed for Budget 2025 • Last updated 21 June 2026 • by Sandesh D.

Income & Liabilities

Net Monthly Take-home Salary₹1,00,000
₹
Existing Monthly EMIs (Car, personal loans, etc.)₹10,000
₹
Lender FOIR Limit (%)50%
Typically, banks restrict total EMIs to 40% - 55% of your income.

Proposed Loan Parameters

Interest Rate (p.a.)8.50%
%
Tenure (Months)20.0 Years (240 Months)
Maximum Eligible Loan Amount
₹46,09,234
Net Monthly Take-home₹1,00,000
Lender FOIR Allowed EMI₹50,000
Less: Existing EMIs-₹10,000
Max New EMI Allowed₹40,000
ℹ️ Lender assessment: This calculation is an estimate. Lenders will also evaluate credit scores (CIBIL), job stability, employer profile, and property legal clearance before final approval.
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Calculation Methodology & Rules

The Home Loan Eligibility Calculator estimates the maximum loan amount you can qualify for from lenders. Banks use the Fixed Obligation to Income Ratio (FOIR) as the primary compliance metric. Read our detailed guidelines: How Much Loan Can I Get on My Salary?.

Lenders' FOIR Criteria

Lenders assess your cash flow to ensure you have sufficient income remaining for living expenses after paying all loan obligations.

  • Max Permissible EMI: (Net Monthly Income × FOIR Limit) − Existing Monthly EMIs.
  • Eligibility Amount: Back-calculated from the Max Permissible EMI using the interest rate and tenure.
For detailed rules, formulas, references, and official guidelines, see the complete Ganakam Calculation Methodology.

Frequently Asked Questions

FOIR stands for Fixed Obligation to Income Ratio. It is the percentage of your net monthly income that lenders allow toward paying all monthly debt obligations (existing EMIs + new loan EMI). Typically, lenders limit FOIR to 40% to 55%.

You can increase eligibility by adding a co-applicant (spouse or family member with separate income), clearing existing short-term loans, declaring other regular income sources, or choosing a longer tenure.

Lenders look at your FOIR. If you have no existing EMIs and a lender allows 50% FOIR, at an 8.5% interest rate for 20 years, you would need a net monthly salary of approximately ₹85,000 to ₹90,000.