Frequently asked questions
How do lenders decide how much home loan I can get?
They start from your net monthly income, cap the share that can go towards all EMIs (FOIR), subtract existing EMIs, and work out the loan the remaining EMI supports at their rate and tenure. The amount is then limited by the property value and checked against your credit score, documents and the property.
What is FOIR?
Fixed Obligation to Income Ratio — the share of your net monthly income that can go towards all loan repayments. Lenders commonly allow roughly 40% to 65% depending on income level and profile. This calculator uses a typical figure for your income, which you can change under Advanced.
What is the loan-to-value (LTV) limit on a home loan?
RBI caps individual housing loans at 90% of the property value for loans up to ₹30 lakh, 80% for loans above ₹30 lakh and up to ₹75 lakh, and 75% for loans above ₹75 lakh. You fund the rest, plus stamp duty and registration, from your own money.
Does adding a co-applicant increase my eligibility?
Usually yes, because lenders combine the incomes. For home loans, co-owners of the property are generally required to be co-applicants. The co-applicant's own EMIs and credit history are counted too.
How does my age affect the loan?
Most lenders want the loan repaid by retirement — often around 60 for salaried and 65 to 70 for self-employed borrowers. That can shorten your tenure and so reduce your eligibility. You can change the end age under Advanced.
Is this the amount my lender will sanction?
No. It is an indicative estimate. The final amount depends on the lender's policy, your credit score, employer or business profile, income documents and the legal and technical check of the property.
Want a lender-ready view of your eligibility?
This estimate is a starting point. For help matching your profile to the right lender, talk to us.
Loan approval, interest rates and terms are decided by the lender. Figures on this page are illustrative and do not constitute financial, tax or legal advice.
