About this calculator
Every Indian lender runs some version of the same arithmetic before it looks at the property: your fixed obligations — all EMIs including the new one — may not exceed a set share of your net monthly income. That share is the FOIR. Around 50% is the market default; lenders commonly allow 40–50% at lower incomes and stretch to 60–65% for high earners whose surplus is large in absolute terms, while a few conservative lenders cap near 40% regardless. Existing obligations come off first: a ₹15,000 car EMI is ₹15,000 of home-loan EMI you no longer qualify for.
Two levers move the answer more than any other. Adding a co-applicant — usually a spouse — pools both incomes into the test (the table below assumes both are on the loan and, normally, on the title). And tenure: stretching from 20 to 30 years lifts the eligible loan by roughly 13% at current rates, because the same EMI services more principal — at the cost of far more total interest, which the main EMI calculator shows. Note what FOIR does not decide: the loan-to-value cap. Even a fully eligible borrower must still fund at least 10–25% of the property value as down payment under RBI LTV norms, plus stamp duty in cash.
How to use it
- Enter your net (post-tax, post-PF) monthly income — the figure in your bank statement, not your CTC.
- Add a co-applicant’s income if you will apply jointly; leave it at zero for a solo application.
- Keep FOIR at 50% unless your bank has told you its slab; lower it to 40% for a conservative estimate.
- Enter every existing EMI — lenders pull these from your credit report whether you list them or not.
- Read the maximum loan, then cross-check its EMI and total interest on the India EMI calculator.
The formula
r is the monthly rate (annual ÷ 12) and n the tenure in months; the second step is the standard annuity present value — the same reducing-balance formula lenders use, solved for principal instead of EMI. FOIR bands of 40–65% reflect the range Indian banks and HFCs publish in their eligibility guides; your lender’s exact slab depends on income, employer category and credit score.
Worked example
A buyer with ₹1,25,000 take-home pay, no co-applicant and no existing EMIs, at a 50% FOIR, may carry an EMI of ₹62,500. At 8.50% that supports a loan of about ₹72.0 lakh over 20 years, ₹77.6 lakh over 25 years and ₹81.3 lakh over 30 years. Add a car EMI of ₹15,000 and the 25-year figure falls to about ₹59.0 lakh; add a spouse earning ₹50,000 a month as co-applicant instead and it rises past ₹1.08 crore.
Sources: FOIR practice as published in Indian bank and HFC eligibility guides (typically 40–65% of net income by slab; 50% is the market default used here and is adjustable); RBI loan-to-value caps of 90% / 80% / 75% by loan size apply on top. Last updated: October 2026.
Frequently asked questions
How much home loan can I get on a ₹1 lakh monthly salary?
At a 50% FOIR, no other EMIs and 8.50%: an EMI allowance of ₹50,000 supports roughly ₹57.6 lakh over 20 years, ₹62.1 lakh over 25 years and ₹65.0 lakh over 30 years. If your bank applies a 60% FOIR at your income slab, the 25-year figure rises to about ₹74.5 lakh. Your credit score and employer profile decide where in that range you land.
What FOIR do Indian banks actually use?
There is no RBI-mandated FOIR — each lender sets its own. Published eligibility guides cluster around 50%, with 40–50% common below ₹50,000 monthly income and 55–65% for incomes above ₹1.5–2 lakh, where the remaining surplus is large. Some lenders also run the test on gross income with their own deductions, which is why two banks can quote the same applicant different maximums.
Does a co-applicant really increase eligibility?
Yes — a spouse or parent co-applicant’s net income joins yours in the FOIR test, roughly in proportion to their income. A co-applicant earning half your salary lifts the eligible loan by about half. The co-applicant normally also becomes a co-borrower (jointly liable) and usually a co-owner, and their existing EMIs count against the household total too.
I am eligible for ₹80 lakh but the flat costs ₹1 crore. Can I borrow the rest?
No. FOIR is only one of two caps: the RBI loan-to-value rules cap the loan at 90% of value for loans up to ₹30 lakh, 80% up to ₹75 lakh and 75% above that. On a ₹1 crore home the most any lender may advance is ₹75 lakh regardless of income, and stamp duty and registration are always your cash on top.
What formula does this home loan eligibility calculator — india calculator use?
Allowed EMI = (net income + co-applicant income) × FOIR − existing EMIs; Maximum loan = Allowed EMI × (1 − (1 + r)^−n) ÷ r r is the monthly rate (annual ÷ 12) and n the tenure in months; the second step is the standard annuity present value — the same reducing-balance formula lenders use, solved for principal instead of EMI. FOIR bands of 40–65% reflect the range Indian banks and HFCs publish in their eligibility guides; your lender’s exact slab depends on income, employer category and credit score. The worked example on this page applies the formula step by step with real numbers, so you can verify the result by hand.