How This Loan Eligibility Calculator Works
Enter your monthly net take-home salary (after tax and PF deductions). If you already have existing EMIs — car loan, personal loan, credit card EMI — enter the total monthly amount. Select the loan type and enter the interest rate and tenure. The calculator applies a 50% FOIR: your new loan's EMI cannot push your total EMI burden above half your take-home pay. Using the reverse EMI formula, it computes the maximum principal you can borrow at the given rate and tenure.
Loan Eligibility by Salary (2026)
The table below shows indicative home loan eligibility at 8.5% p.a. for 20 years with no existing EMIs (50% FOIR).
| Net Monthly Salary | Max EMI (50% FOIR) | Eligible Loan Amount |
|---|---|---|
| ₹25,000 | ₹12,500 | ~₹13.3 Lakh |
| ₹50,000 | ₹25,000 | ~₹26.5 Lakh |
| ₹75,000 | ₹37,500 | ~₹39.8 Lakh |
| ₹1,00,000 | ₹50,000 | ~₹53.1 Lakh |
| ₹1,50,000 | ₹75,000 | ~₹79.6 Lakh |
| ₹2,00,000 | ₹1,00,000 | ~₹1.06 Cr |
Assumes 50% FOIR, 8.5% p.a., 20-year tenure, no existing EMIs. Actual eligibility depends on your lender.
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Frequently Asked Questions
What is FOIR and how does it affect my loan eligibility?
FOIR (Fixed Obligation to Income Ratio) is the proportion of your monthly income that banks allow towards all loan EMIs combined. Most Indian banks set FOIR at 40%–50% for salaried borrowers. If your net monthly salary is ₹60,000 and FOIR is 50%, your maximum total EMI (existing + new) cannot exceed ₹30,000. Our calculator uses a conservative 50% FOIR.
How much home loan can I get on a ₹50,000 salary?
With a net monthly salary of ₹50,000, no existing EMIs, at 8.5% p.a. for 20 years, you are typically eligible for a home loan of around ₹26–28 lakh (using 50% FOIR). The maximum allowed EMI would be ₹25,000, and the reverse EMI formula gives you the eligible principal. A higher salary, lower rate, or longer tenure increases eligibility.
How can I increase my loan eligibility?
To increase your loan eligibility: (1) Close or prepay existing loans to reduce your EMI obligations. (2) Add a co-applicant — a spouse with income can significantly increase the combined eligible amount. (3) Improve your CIBIL score above 750 to access lower rates, which directly increases the eligible loan amount. (4) Choose a longer tenure — a 30-year loan has a lower EMI than a 20-year loan for the same amount, allowing you to borrow more. (5) Switch to a lender offering a lower interest rate.
Does my credit score affect loan eligibility?
Yes, significantly. A CIBIL score above 750 typically qualifies you for the lowest available interest rate, which in turn maximises your eligible loan amount. A lower score (below 700) may result in a higher rate, reducing the principal you qualify for — or outright rejection. Lenders also use your score to assess risk: a good score signals low default probability and may result in more flexible FOIR treatment.
What documents are required for a home loan in India?
Standard home loan documents include: Identity proof (Aadhaar, PAN), address proof, last 3 months' salary slips, last 6 months' bank statements, Form 16 or ITR for the last 2 years, and property documents (sale agreement, approved plan). Self-employed applicants additionally need business proof, 2 years' audited financials, and CA-certified profit/loss statements.