Home Loan Eligibility Calculator

Calculate your maximum home loan eligibility based on your in-hand salary, FOIR (Fixed Obligation to Income Ratio), and existing EMIs.

Interactive Home Loan Eligibility Calculator
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Formula & Calculation Methodology

Maximum EMI = (Net Salary × FOIR) - Existing EMIs. Max Loan Amount is then derived using the standard PV (Present Value) formula of an annuity.

Frequently Asked Questions

What is FOIR?

FOIR stands for Fixed Obligation to Income Ratio. It is the maximum percentage of your income that a bank assumes can be safely used to pay EMIs. Usually, it is around 50%.

Related Tools & Calculators

EMI Calculator