FINANCE
Loan Eligibility Calculator
Check home loan eligibility from income, FOIR and interest rate. Free, instant results 100% in your browser - private and works offline.
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About Loan Eligibility
Estimates home loan eligibility via FOIR 50%: banks allow EMI up to 50% of net income after existing EMIs. Eligibility = Available EMI × annuity factor.
Example
Income Rs 60,000, existing EMI Rs 5,000 → Available = 30,000 - 5,000 = Rs 25,000
Rate 9% 20 years → Annuity factor 9.128 → Eligibility ~Rs 22,82,000
Lower FOIR or higher income → more eligibility.
Rate 9% 20 years → Annuity factor 9.128 → Eligibility ~Rs 22,82,000
Lower FOIR or higher income → more eligibility.
FAQ
What improves eligibility?
Higher income, longer tenure, co-applicant, closing existing loans, lower FOIR.
Related: EMI Calculator • Prepayment Calculator