Estimate how much home loan you could qualify for, based on your income, existing EMIs, interest rate, and tenure.
Your in-hand pay, not CTC.
Banks typically allow 40-50% of net income toward all EMIs combined — adjust to match what a specific lender quotes you.
A rule-of-thumb estimate, not a loan offer — actual eligibility varies by lender, credit score, employment type, and other factors specific to your application.
Banks typically cap all your EMIs combined (the new home loan plus any existing loans) at a fixed percentage of your net monthly income — commonly called FOIR (Fixed Obligation to Income Ratio), usually 40-50% for salaried applicants. That maximum affordable EMI is then converted into a loan amount using the interest rate and tenure you're applying for.
Use your net in-hand monthly salary (after tax and deductions), not your annual CTC. If you're not sure what that is, check MySalaryDetails's in-hand salary calculator first — banks assess eligibility on what actually lands in your account.
Yes — a longer tenure lowers the EMI for the same loan amount, which means a larger loan fits within your affordable EMI. The trade-off is paying significantly more total interest over the life of the loan.
This is a rule-of-thumb estimate using a single FOIR assumption. Actual eligibility also depends on your credit score, employment stability, age (loans can't usually extend past retirement age), co-applicant income, the specific lender's policies, and the property's own valuation.