Home Loan
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Eligibility
Find out exactly how much home loan you can get based on your income, existing EMIs, credit score and down payment capacity.
Home Loan Eligibility Calculator
Know your maximum home loan instantly
Eligibility Key Numbers
Eligibility Guide
FOIR Explained
FOIR = (All EMIs รท Net Income) ร 100. Banks allow maximum 40โ50% FOIR. To maximize home loan, close all small personal/car loans before applying.
LTV Ratio Rules
- Loan โคโน30L: Up to 90% LTV
- โน30Lโโน75L: Up to 80% LTV
- Above โน75L: Up to 75% LTV
- Higher down payment โ better negotiation power
Boost Eligibility Tips
- Add co-applicant (spouse/parent)
- Choose maximum tenure (30yr)
- Close all small EMIs first
- Improve CIBIL to 750+
- Show other income (rent, freelance)
Age & Tenure Impact
Maximum loan tenure = (Retirement age - current age). At 35, you can get 25yr tenure (retirement at 60). At 50, only 10yr tenure โ this significantly reduces eligibility per rupee of income.
Check CIBIL
Free check via CIBIL, Experian, Paisabazaar apps
Clear EMIs
Repay small loans to free up FOIR capacity
Calculate Eligibility
Use this calculator with accurate income data
Pre-qualify
Apply for pre-approval before house hunting
Eligibility Pro Tips
Joint Loan = Double Eligibility
Adding your spouse as co-applicant can nearly double your home loan eligibility โ especially if both are salaried. Both must be on title deed to claim full tax benefits.
Choose 30yr Tenure for Max Eligibility
30yr tenure significantly lowers monthly EMI, which means you qualify for a larger loan. You can always prepay โ but locking in a longer tenure gives maximum initial eligibility.
750+ CIBIL = Best Rates + Higher Approval
Banks not only give better rates at 750+ but are more flexible on FOIR and LTV ratios. Build score by paying all existing obligations on time for 6 months minimum before applying.
Declare All Income Sources
Include rental income (70โ80% counted), freelance income (with ITR proof), dividends, and other documented income. This can significantly boost eligibility calculation.
Pre-approve Before House Hunting
Get bank pre-approval (in-principle approval) before starting your property search. This confirms your budget, strengthens negotiation with seller, and speeds up final approval by 2โ3 weeks.
File ITR Even if Income Below Taxable Limit
Banks use ITR to verify income for self-employed. Even salaried employees with side income should file ITR โ it helps declare full income for eligibility purposes.
Frequently Asked Questions
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