Home Loan Eligibility Calculator

Estimate how much home loan amount your monthly income may support and compare it with your target property budget.

Tax year 2026 - Updated June 2026

Eligibility inputs

Monthly in-hand income

INR

Existing monthly EMIs

INR

Eligible EMI percentage

Annual interest rate

Tenure years

years

Extra months

months

Target property value

INR

Planned down payment

INR

Estimated eligible loan amount

₹60,49,619

Based on available EMI of ₹52,500 for 240 months.

Gross eligible EMI

₹67,500

Available EMI

₹52,500

Total payment

₹1,26,00,000

Estimated interest

₹65,50,381

Property budget check

Your estimated eligibility covers the target loan amount.

Surplus ₹49,619

Property value

₹75,00,000

Down payment

₹15,00,000

Required loan

₹60,00,000

Loan-to-value

80.00%

Monthly in-hand income	₹1,50,000
Eligible EMI percentage	45.00%
Less existing EMIs	₹15,000
Estimated eligible loan	₹60,49,619

Formula used

Gross eligible EMI = monthly in-hand income x eligible EMI percentage.
Available EMI = gross eligible EMI - existing monthly EMIs.
Eligible loan amount uses the reverse EMI formula from available EMI, monthly rate, and tenure months.
Required loan amount = target property value - planned down payment.
Loan gap = eligible loan amount - required loan amount.
Loan-to-value = required loan amount / target property value x 100.
Actual lender eligibility may use credit score, age, employer profile, city, property type, co-applicant income, and internal rules.

Quick answers

Home Loan Eligibility Calculator FAQs

How is home loan eligibility calculated from salary?

This calculator estimates the EMI your income may support, subtracts existing EMIs, and converts the remaining eligible EMI into an approximate loan amount.

What is EMI-to-income ratio?

EMI-to-income ratio compares total monthly EMIs with monthly income. Lenders often use similar affordability checks before approving a loan.

Do existing EMIs reduce home loan eligibility?

Yes. Existing EMIs reduce the amount of income available for a new home loan, so eligible EMI and eligible loan amount may fall.

Is calculator eligibility the same as bank approval?

No. Actual approval can depend on credit score, age, employer profile, city, property type, co-applicant income, documents, and lender policy.

Can I compare eligibility with property budget?

Yes. Use the eligibility estimate with property value and down payment to see whether the target property budget looks realistic.

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Assumptions

Eligibility is estimated from monthly in-hand income and a selected eligible EMI percentage.
Existing monthly EMIs reduce the EMI available for a new home loan.
Eligible loan amount uses the reverse EMI formula with fixed interest rate and tenure.
Actual lender eligibility can differ based on credit score, age, employer profile, city, co-applicant income, property type, and internal risk rules.

Disclaimer

The information and calculations provided on this website are for general informational and educational purposes only. Results are estimates based on publicly available tax rules and assumptions and may not reflect your actual tax liability or take-home pay. This content does not constitute tax, legal, accounting, or financial advice. Tax laws and regulations change frequently and vary based on individual circumstances. Consult a qualified tax professional, accountant, or financial advisor before making any financial decisions.

This website is not affiliated with the IRS, HMRC, Income Tax Department of India, or any government agency.

Formula used

Gross eligible EMI = monthly in-hand income x eligible EMI percentage.

Available EMI = gross eligible EMI - existing monthly EMIs.

Eligible loan amount uses the reverse EMI formula from available EMI, monthly rate, and tenure months.

Required loan amount = target property value - planned down payment.

Loan gap = eligible loan amount - required loan amount.

Loan-to-value = required loan amount / target property value x 100.

Actual lender eligibility may use credit score, age, employer profile, city, property type, co-applicant income, and internal rules.

Assumptions

Eligibility is estimated from monthly in-hand income and a selected eligible EMI percentage.

Existing monthly EMIs reduce the EMI available for a new home loan.

Eligible loan amount uses the reverse EMI formula with fixed interest rate and tenure.

Actual lender eligibility can differ based on credit score, age, employer profile, city, co-applicant income, property type, and internal risk rules.

Disclaimer

This website is not affiliated with the IRS, HMRC, Income Tax Department of India, or any government agency.