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Calculate your maximum home loan borrowing capacity based on monthly salary, co-applicant income, age, FOIR norms, and CIBIL score across top Indian banks.
Car loan, personal loan, credit card EMIs, education loan, etc.
Combine incomes to qualify for a much higher loan
0% allowed for illustration; typical floating rates are 8–10%. Clamped to 0–18%.
Max permitted tenure for age 30: 30 Years.
Auto-calibrated at 60% based on household income of ₹1,00,000.
Maximum Eligible Home Loan Amount
₹45,000/month EMIFor ₹1,00,000/month household income, tenure of 20 years at 8.4% p.a.
Max EMI Allowed
₹60,000
Existing EMIs
₹15,000
Total Interest
₹55,76,580
Total Repayable
₹1,08,00,000
RBI caps apply on property value (≤₹30L → 90%, ₹30–75L → 80%, >₹75L → 75%). Resolved LTV: 80% bank financing + own down payment.
Excludes stamp duty (typically 5–7% by state) + registration (~1%) — budget an extra ₹3,91,757 approx. on a ₹65,29,275 property. Use the Stamp Duty calculator below.
Year-1 estimate across Sec 24(b) and Sec 80C: ₹3,01,233/year. New Regime offers ₹0 on these sections.
Estimated borrowing capacity across major commercial lenders. Indicative rates as of Sep 2026 — verify live offers before applying.
| Lender & Scheme | Rate (p.a.) | Max FOIR | Eligible Loan | Monthly EMI |
|---|---|---|---|---|
| State Bank of India (SBI)Regular Home Loan | 8.4% | 55% | ₹46,43,040 | ₹40,000/mo |
| HDFC BankStandard Housing Loan | 8.5% | 55% | ₹46,09,234 | ₹40,000/mo |
| ICICI BankPrivilege Home Loan | 8.6% | 50% | ₹40,03,831 | ₹35,000/mo |
| Bank of BarodaBaroda Home Loan | 8.4% | 60% | ₹52,23,420 | ₹45,000/mo |
| Kotak Mahindra BankDigi Home Loan | 8.7% | 50% | ₹39,74,911 | ₹35,000/mo |
| Existing Obligations | ₹15,000 |
|---|---|
| Proposed Home Loan EMI | ₹45,000 |
| Remaining Disposable Income | ₹40,000 |
| Principal Amount | ₹52,23,420 |
|---|---|
| Total Interest Payable | ₹55,76,580 |
Based on a FOIR of 60%, banks permit a maximum aggregate outflow of ₹60,000/month across all debt servicing.
Existing debt obligations of ₹15,000/month directly consume your FOIR capacity. Foreclosing small personal loans or car loans can unlock up to ₹17,41,140 in additional home loan borrowing power (at ~₹116 loan per ₹1 EMI for 20y @ 8.4%)!
Pro-Tip: Applying jointly with an earning co-borrower who is also a co-owner not only increases borrowing power but may double tax shields: up to ₹4,00,000 under Section 24(b) and up to ₹3,00,000 under Section 80C split across borrowers (Old Regime, subject to actual repayment share).
Banks scrutinize high-interest credit card debt and personal loans. Paying off a ₹10,000/month personal loan frees up the exact same EMI for your home loan, increasing your borrowing power by ₹10–12 Lakhs.
Combining salaries with your spouse, working parent, or son/daughter immediately elevates the combined FOIR tier and qualifies you for luxury property budgets.
Lenders tie repo rate spreads to credit scores. A 750+ score earns up to 40 bps lower interest rates, resulting in smaller EMIs and higher sanctioned loan amounts.
Opting for 25–30 years tenure minimizes monthly commitment to fit within strict bank FOIR bounds. You can always make penalty-free prepayments later to slash tenure.
Key insights into bank underwriting guidelines, FOIR formulas, CIBIL benchmarks, and RBI lending regulations.
FOIR is the primary underwriting metric Indian banks use to calculate repayment capacity. It represents the maximum percentage of your net monthly income that can go towards all monthly debts (existing loans + proposed home loan EMI). For salaries below ₹50,000, banks usually cap FOIR at 40%–50%. For high earners above ₹1 Lakh, FOIR can go up to 60%–65%.
Adding an earning co-applicant (such as a spouse, working parent, or child) allows the lender to pool both incomes. A higher combined net income substantially expands your permissible FOIR threshold, allowing you to qualify for a much higher loan amount while keeping individual debt within safe limits.
Under RBI and bank guidelines, home loans must be fully repaid before the primary borrower's retirement age (typically 60 for salaried and 65 for self-employed individuals). If you are 45 years old, your maximum eligible tenure is capped at 15 years (60 - 45), which requires a higher monthly EMI than a 30-year loan.
The Reserve Bank of India (RBI) mandates maximum LTV caps based on property transaction value: Up to ₹30 Lakhs, lenders can finance up to 90% of property cost (10% down payment). For properties between ₹30 Lakhs and ₹75 Lakhs, the LTV is capped at 80% (20% down payment). For properties above ₹75 Lakhs, maximum LTV is 75% (25% down payment).
Most leading Indian lenders (SBI, HDFC Bank, ICICI Bank, Bank of Baroda) offer their lowest External Benchmark Lending Rates (EBLR/RLLR) to borrowers with a CIBIL score of 750 and above. Scores between 700 and 749 usually attract a 25 to 40 bps interest spread, while scores below 650 may face steep rates or loan rejection.
Under the Old Tax Regime: 1) Section 24(b) allows up to ₹2,00,000 per financial year deduction on interest paid for a self-occupied property. 2) Section 80C allows up to ₹1,50,000 deduction on principal repayment (subject to the overall 80C limit). Together, these can save up to ₹1,09,200 annually for individuals in the 30% tax bracket.
Yes. Under RBI guidelines, commercial banks and housing finance companies (HFCs) are strictly prohibited from levying any prepayment or foreclosure charges on floating-rate home loans sanctioned to individual borrowers.
To immediately enhance your loan eligibility: 1) Foreclose or clear small personal loans and credit card balances. 2) Add a working co-applicant. 3) Choose a longer loan tenure (if age permits) to reduce monthly EMI. 4) Submit evidence of additional verified income such as rental receipts, annual bonuses, or professional fees.