Save Lakhs

by Venba Apps

Loan Eligibility Calculator

Find out how much home loan you can get based on your income

Income Details

₹75,000
₹15K₹5L
₹0
₹0₹2L
₹0
₹0₹1L

Loan Parameters

8.00%
6.5%12%
20 years
5 years30 years
30 years
2160

You are Eligible!

You qualify for a home loan

Maximum Loan Amount
₹49,31,614
Maximum Monthly EMI
₹41,250

Income & Obligations Breakdown

Total Monthly Income₹75,000
Existing EMI- ₹0
Max New EMI- ₹41,250
Disposable Income₹33,750
FOIR (Fixed Obligation to Income Ratio)55%
Your obligations use 55.0% of income

Recommendations

  • •Your loan utilizes 50-60% of income. Maintain stable income to avoid financial stress.
  • •You are eligible for a home loan. Ensure you have 10-20% for down payment.

Eligibility Insights

Understanding FOIR

Your FOIR (Fixed Obligation to Income Ratio) is 55%

Banks use FOIR to ensure your loan EMI doesn't exceed a safe percentage of your income.

  • Total monthly income: ₹75,000
  • Existing EMI obligations: ₹0
  • Maximum new EMI allowed: ₹41,250
  • Your obligation ratio: 55.0%

Your current FOIR limit is 50%. Increase income or reduce existing EMIs to improve eligibility.

Calculate your monthly EMI

Use our EMI Calculator to see exact monthly payments and interest breakdown

Understanding Loan Eligibility

FOIR Method

Banks use the Fixed Obligation to Income Ratio (FOIR) method. Your total monthly EMIs (including the new home loan) should not exceed 50-60% of your gross monthly income.

Key Factors

  • Monthly income (salary + other income)
  • Existing loan obligations
  • Age and retirement age
  • Interest rate and loan tenure

Income Levels

Higher income individuals (₹1L+/month) typically qualify for 60% FOIR, while moderate income individuals get 50-55% FOIR.

Age Factor

Most banks require the loan to be repaid by age 65. Your current age affects the maximum tenure you can get.