Before you start house hunting, know exactly how much the bank will lend you. Your home loan eligibility depends on your income, existing EMIs, CIBIL score, and the interest rate. The calculator above does the FOIR calculation instantly — enter your details and see your eligible loan amount in seconds.

Home Loan Eligibility by Salary (2025)

Estimated eligibility at 8.5% interest for 20-year tenure, no existing obligations:

Monthly Income	Max EMI (50%)	Eligible Loan	Property Value*
₹50,000	₹25,000	₹28.3 L	₹35.4 L
₹80,000	₹40,000	₹45.2 L	₹56.5 L
₹1,00,000	₹50,000	₹56.5 L	₹70.6 L
₹1,50,000	₹75,000	₹84.8 L	₹1.06 Cr
₹2,00,000	₹1,00,000	₹1.13 Cr	₹1.41 Cr

*Assuming 80% LTV (20% down payment). Add co-applicant income for higher eligibility.

CIBIL Score and Its Impact on Loan Eligibility

Your CIBIL score directly affects how much loan you can get and at what interest rate:

CIBIL Range	Rating	Eligibility Factor	Expected Rate
750-900	Excellent	100%	8.50-8.75%
700-749	Good	95%	8.75-9.00%
650-699	Fair	85%	9.25-10.00%
Below 650	Poor	50-70%	10-12% or rejected

How to Boost Your Home Loan Eligibility

Add a Co-Applicant

Adding your spouse or parent as a co-applicant doubles the income considered. Banks allow joint loans with up to 5 co-applicants for maximum eligibility.

Clear Existing Debts

Pay off credit card dues, personal loans, and auto loans before applying. Every ₹5,000 in existing EMI reduces your eligibility by approximately ₹5.6 lakh at 8.5% for 20 years.

Improve Your CIBIL Score

Aim for 750+. Pay all bills on time, keep credit utilisation below 30%, and avoid multiple loan applications in a short period.

Increase Down Payment

A 30-40% down payment instead of 20% reduces the loan amount and may help you qualify even with a slightly lower eligibility.

FOIR Calculation – How Banks Assess Your Loan

Banks in India follow a standardised FOIR method. Here is how different lenders compare:

Bank	FOIR Limit	Min CIBIL	Max Tenure
SBI	55%	650+	30 years
HDFC	50%	700+	30 years
ICICI	50%	700+	30 years
Axis	55%	680+	30 years
LIC HFL	55%	650+	30 years

How is Home Loan Eligibility Calculated?

In plain words

Banks use the FOIR (Fixed Obligation to Income Ratio) method to determine your loan eligibility. They ensure your total EMI obligations do not exceed 50% of your monthly income (salaried) or 45% (self-employed). Your CIBIL score then adjusts the final eligible amount.

How the calculation works

Max EMI Allowed = Total Monthly Income × FOIR Factor – Existing Obligations

Eligible Loan = Max EMI × [(1+R)^N – 1] / [R × (1+R)^N]

Where:
FOIR Factor = 50% (salaried) or 45% (self-employed)
R = Monthly Interest Rate
N = Loan Tenure in Months

A quick example

Let us check the home loan eligibility for a salaried professional:

Monthly Net Income:₹80,000

Co-applicant Income:₹30,000

Existing EMI Obligations:₹10,000

Interest Rate:8.5% p.a.

Desired Tenure:20 years

CIBIL Score:750

Step by step

1.Total income = ₹80,000 + ₹30,000 = ₹1,10,000
2.Max EMI allowed (50% FOIR) = ₹1,10,000 × 50% = ₹55,000
3.Less existing obligations = ₹55,000 – ₹10,000 = ₹45,000
4.Eligible loan at 8.5% for 20 years = ₹50,87,000
5.CIBIL 750+ × 0.95 factor = ₹48,32,650
6.Final eligible loan amount ≈ ₹48.3 lakh

So the answer is: Eligible Loan ≈ ₹48,32,650 | Max EMI: ₹45,000 | CIBIL Factor: 95%

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Frequently Asked Questions on Home Loan Eligibility

What is FOIR and how does it affect my home loan eligibility?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your income that goes towards existing loan EMIs. Banks typically allow up to 50% FOIR for salaried and 45% for self-employed. If your existing EMIs total ₹15,000 on a ₹80,000 salary, you have room for only ₹25,000 in new EMI.

How much home loan can I get on a ₹50,000 salary?

On a ₹50,000 salary with no existing obligations, at 8.5% for 20 years, you would be eligible for approximately ₹28 lakh. With a co-applicant earning ₹30,000 more, the eligible amount increases to around ₹48 lakh. Your CIBIL score also affects the final amount.

Does adding a co-applicant increase loan eligibility?

Yes, adding a co-applicant (spouse, parent, or sibling) increases the total household income considered for eligibility. Banks allow up to 50% of the combined income for EMI. This can significantly increase your eligible loan amount, especially for high-value properties.

What CIBIL score is needed for home loan approval?

A CIBIL score of 750+ is considered excellent and gets you the best interest rates. Scores between 700-749 are good with standard approval. Below 650 may lead to rejection or higher rates. Some banks like SBI and HDFC may accept scores as low as 650 with conditions.

How can I increase my home loan eligibility?

You can increase eligibility by: (1) Adding a co-applicant with steady income, (2) Clearing existing loans to lower FOIR, (3) Increasing your down payment, (4) Choosing a longer tenure (up to 30 years), and (5) Improving your CIBIL score to 750+ for the best rates.