Loan Eligibility Calculator

Salary vs Maximum Home Loan Eligibility

8.5% interest rate, 20 saal tenure, 50% FOIR par estimated maximum home loan:

Monthly In-Hand Income	Max Affordable EMI (50%)	Max Loan Amount
₹50,000	₹25,000	~₹28.8 lakh
₹80,000	₹40,000	~₹46.1 lakh
₹1,00,000	₹50,000	~₹57.6 lakh
₹1,50,000	₹75,000	~₹86.4 lakh

Bank aapko kaise tolta hai: FOIR ka funda

Banks FOIR (Fixed Obligation to Income Ratio) dekhte hain — aapki total monthly obligations (saari EMIs + rent) income ka kitna % hai. Zyadatar banks 40–50% FOIR allow karte hain; kuch 60% tak jaate hain high-income applicants ke liye. Matlab ₹1 lakh salary par bank aapko max ~₹50,000/month EMI wala loan dega. Iske baad CIBIL score (750+ ideal), job stability, aur existing loans check hote hain.

Eligibility badhane ke 5 practical tarike

Chhote loans pehle band karein — ₹15,000 ki existing EMI hatane se ₹80K salary par eligibility ₹25.6 lakh se ₹46.1 lakh ho jaati hai.
Tenure badhayein — 15 se 20 saal karne par EMI ghatti hai, eligibility badhti hai (par total interest zyada).
Co-applicant jodein — spouse ki income judne se combined eligibility badh jaati hai.
CIBIL 750+ rakhein — sirf rate hi nahi, approval amount par bhi asar padta hai.
Bada down payment — loan amount kam hoga to eligibility criteria aasani se meet hoga.

Eligibility ≠ Approval

Ye calculator mathematical eligibility batata hai. Final approval me bank property valuation, legal verification, employer verification aur apni internal policy bhi lagata hai. Calculator ko planning tool samjhein, guarantee nahi.

⚠️ Assumptions & Limitations

Calculation 50% FOIR par based hai. Actual bank policy 40–60% tak vary karti hai.
In-hand (net) monthly income use karein, CTC nahi — banks net income dekhte hain.
CIBIL score, job type (salaried vs self-employed), aur age ka asar is calculation me included nahi hai.
Self-employed applicants ke liye banks aksar ITR average dekhte hain, salary slips nahi.
Final loan amount bank ki property valuation aur internal credit policy par depend karta hai.

Kitna loan mil sakta hai?

Bank ke FOIR rule (50%) ke hisaab se estimate.

Monthly income (in-hand)

₹20,000₹5 lakh

Existing EMIs (total/month)

₹0₹2 lakh

Expected interest rate

1%25%

Loan tenure

1 saal30 saal

Aapko mil sakta hai (approx.)

₹46,09,234

max loan amount

Affordable EMI₹40,000

Total interest₹49,90,766

Total payable₹96,00,000

Estimate: banks usually allow EMIs up to ~50% of income (FOIR). Actual eligibility depends on credit score & bank policy.

⚠️ Ye sirf estimate hai, financial advice nahi hai. Disclaimer padhein.

How to Use

Apni monthly in-hand income daalein.
Chal rahi existing EMIs daalein (agar koi ho).
Interest rate aur tenure set karein.
Maximum eligible loan amount turant dekhein.

Formula

Affordable EMI = (Monthly Income × 50%) − Existing EMIs

Max Loan = EMI × ((1+r)ⁿ − 1) / (r(1+r)ⁿ)

Banks aam taur par 40–50% FOIR allow karte hain.

💡 Example

Example: ₹80,000/month income, koi existing EMI nahi, 8.5% rate, 20 saal → affordable EMI = ₹40,000 → max loan ≈ ₹46.09 lakh. ₹15,000 ki existing EMI ho to eligibility ghatkar ≈ ₹25.6 lakh reh jayegi.

FAQs — Loan Eligibility Calculator

Banks FOIR rule use karte hain — aapki total EMIs income ke ~50% se zyada nahi honi chahiye. Is affordable EMI se reverse EMI formula lagakar max loan nikala jaata hai.

Koi existing EMI na ho to 8.5%, 20 saal par ≈ ₹51 lakh. Lekin credit score, age aur property value se final amount badal sakta hai.

Fixed Obligation to Income Ratio — aapki monthly obligations (sabhi EMIs) ka income se ratio. Banks aam taur par 40–50% tak allow karte hain.

Bahut zyada — 750+ score par zyada loan aur kam rate milta hai. 650 se kam par bank reject bhi kar sakta hai.

Nahi — ye estimate hai. Final approval bank ki policy, credit history, employment stability aur property valuation par depend karta hai.

50% FOIR, 8.5% rate aur 20 saal tenure par lagbhag ₹28.8 lakh. Agar koi existing EMI nahi hai to. ₹10,000 ki existing EMI ho to eligibility ghatkar ~₹17.3 lakh reh jayegi. Zyada loan chahiye to tenure badhayein ya co-applicant jodein.

Existing chhote loans (personal loan, credit card dues) band karna — iska sabse turant asar padta hai kyunki FOIR calculation me har EMI ghatti hai. Dusra, CIBIL score 750+ maintain karna. Teesra, spouse ko co-applicant banana.

✅ Loan Eligibility Calculator