Home loan eligibility: how much can you borrow?
Lenders usually allow total EMIs of about 40–60% of your take-home income. Enter your income and existing EMIs to estimate how big a home loan you may get.
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₹10K₹20L
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₹0₹10L
%
30%70%
%
6%14%
yrs
5 yrs30 yrs
EMI you can afford—
Estimated loan amount—
Total interest over the loan—
For illustration only, at the rates you enter. Actual results will differ.
Get a free planHow it is calculated
Affordable EMI = income × share allowed for EMIs − existing EMIs. The loan amount is what that EMI repays over the tenure at the given rate. Lenders also consider your credit score, age, job stability and the property's value (they usually fund up to 75–90% of it).
Common questions
What is FOIR?
Fixed Obligation to Income Ratio: the share of your income going to EMIs. Many lenders cap it around 40–60%.
How can I improve eligibility?
A co-applicant, a longer tenure, paying off small loans and a good credit score all help.
Should I borrow the maximum?
Not necessarily. Leave room for savings, insurance and emergencies.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Returns shown are illustrations at an assumed rate and are not guaranteed. Plenitude Connect is an AMFI-registered Mutual Fund Distributor (ARN-130934); these tools are for education and are not investment advice.
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