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Home Loan Eligibility Calculator
How much a lender will advance, the property that supports, and the down payment you need.
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Result
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Lenders size a loan from what remains after your existing obligations. The ratio they use — fixed obligation to income — usually sits between 40% and 55% of net monthly income.
What goes into the assessment
Net salary after statutory deductions, documented other income, and every EMI already running. A car loan of ₹18,000 a month reduces your home loan eligibility by roughly ₹20 lakh at current rates. Credit card balances carried month to month count against you too.
Loan-to-value
Lenders fund up to 90% on small loans, 80% in the middle band and 75% above ₹75 lakh. The rest is yours, and so are stamp duty, registration and processing charges — another 7% to 9% of the property value that cannot be borrowed.
Eligibility is not affordability
A lender will stop at half your income. Most households find anything above about 35% uncomfortable once school fees, insurance and maintenance are counted. Borrow against the second number.
Frequently asked questions
How do banks decide how much to lend?
They cap your total EMIs at a share of net monthly income — the fixed obligation to income ratio — typically 40% to 55%. Existing EMIs are subtracted first, then the remainder is converted into a loan amount at the offered rate and tenure.
How much down payment do I need?
Lenders fund up to 90% on small loans, 80% in the middle band and 75% above ₹75 lakh. Budget another 7% to 9% of the property value for stamp duty, registration and charges, none of which can be borrowed.
Does my credit score affect the amount?
It affects the rate more than the amount, and the rate then affects the amount. A score above 750 usually secures the advertised rate; below 700 adds 25 to 100 basis points, which can reduce eligibility by several lakh.
Should I borrow the maximum I am eligible for?
Eligibility is not affordability. A lender will commit half your income; most households find anything above about 35% uncomfortable once school fees, insurance and maintenance are counted. Borrow against the second figure.