How much home loan will a lender actually give you?
Loan eligibility calculator
On a stated FOIR of 50%
Home loan you are likely to be offered
₹72 L
EMI ₹62,500 a month · 8.50% · 20 years
How this was worked out
- Net monthly income
- ₹1,25,000
- FOIR allowance @ 50%
- ₹62,500
- Less: EMIs you already pay
- ₹0
- EMI available for a home loan
- ₹62,500
- Interest rate assumed
- 8.50% p.a. reducing balance
- Tenure assumed
- 20 years · 240 instalments
- Loan that EMI supports
- ₹72,01,927
- Total interest over the full tenure
- ₹77,98,073
- Total you would repay
- ₹1,50,00,000
The share of income a lender lets all your EMIs occupy. Lenders use roughly 40–60%; higher incomes get the higher end.
Car, personal and education loans, plus credit-card minimums.
Present value of the EMI stream at the rate and tenure above.
Your numbers
Take-home after tax and deductions, not CTC. Lenders work off the bank credit.
Assumptions — change any of these
Fixed Obligation to Income Ratio. It is a policy number, not a law, and it differs between lenders and income bands.
A longer tenure raises the eligible loan and raises total interest. Both move together.
What this means for you
A lender working to a 50% FOIR would look at roughly ₹72 L for you. At a conventional 80% loan-to-value that is a home of about ₹90 L — before stamp duty, registration and interiors, none of which the loan covers. Treat this as a shopping range, not a sanction: only a lender can approve you.
FOIR, the ratio that decides everything
FOIR stands for Fixed Obligation to Income Ratio. It is the share of your net monthly income that a lender will permit your total EMIs — the new home loan plus everything you already owe — to consume. If your take-home is ₹1,00,000 and the lender works to a 50% FOIR, all your EMIs together must stay under ₹50,000.
It is not a statutory limit. It is internal credit policy, it differs between lenders, and it moves with your income band: someone earning ₹40,000 a month is usually held to a tighter ratio than someone earning ₹4,00,000, because the absolute rupees left over after the EMI matter more than the percentage. Broadly, 40–60% is the working range in the Indian market, and the number a specific lender applies to you is something you can and should ask about directly.
This is why identical salary slips produce different sanction letters at different banks, and it is why a calculator that hides its FOIR is not telling you anything useful. The slider above is the honest version: change it and watch the answer move.
From EMI to loan amount
Once the available EMI is known, converting it into a loan is pure arithmetic on a reducing-balance schedule. Each month, interest accrues on the outstanding principal; your EMI pays that interest first and whatever is left reduces the principal. Early in the loan almost all of the EMI is interest; late in the loan almost all of it is principal. The loan amount a given EMI supports is the present value of that whole stream of payments.
Two levers change it. Rate: at 8.5% over 20 years, ₹1,000 of monthly EMI supports about ₹1.15 lakh of loan; at 9.5% the same ₹1,000 supports about ₹1.07 lakh. Tenure: extending from 20 to 30 years lifts what an EMI supports by roughly an eighth, and raises the total interest paid by far more than that. The breakdown on this page shows total interest alongside the loan for exactly that reason — the two numbers should be read together, never separately.
What eligibility is not
Eligibility is not affordability. A lender is answering “what can I recover?”, not “what will leave this household comfortable?” The maximum sanction leaves no room for a rate hike, a job change or a year of school fees. Treat the number as a ceiling, not a target.
Eligibility is also not the same as the money you need. Lenders fund a share of the agreement value only — stamp duty, registration, GST on an under-construction unit, brokerage and interiors are all yours to arrange in cash. The affordability calculator combines both constraints and tells you which one binds; the stamp duty calculator gives you the cash figure for registration day.
Finally, a sanction is conditional on the property, not just on you. Lenders run their own legal and technical check, and a project with an unclear title, a missing approval or an expired RERA registration can fail it even when your paperwork is perfect. Every project on Pinly shows its RERA status for that reason.
Common questions
How is home loan eligibility calculated in India?
Lenders start with your net monthly income, apply a FOIR (Fixed Obligation to Income Ratio) of roughly 40–60% to get the maximum total EMI they will allow, subtract the EMIs you already pay, and treat the remainder as the EMI available for a home loan. That EMI is then converted into a loan amount at the sanctioned interest rate and tenure. A separate loan-to-value cap then limits the loan to a percentage of the property's value, so the final sanction is the lower of the two.
How much home loan can I get on a ₹75,000 salary?
At a 50% FOIR with no existing EMIs, ₹75,000 of take-home pay allows an EMI of about ₹37,500. At 8.5% over 20 years that supports roughly ₹43 lakh of loan. A 30-year tenure would raise it to about ₹49 lakh and add substantially to total interest. These are illustrative figures from this page's assumptions, not an offer — set your own rate and tenure above.
Does my credit score change my eligibility?
It changes the rate you are offered and whether you are offered anything at all, and the rate then changes the loan a given EMI supports. Going from 8.5% to 9.5% cuts the loan a fixed EMI supports by about 7% over a 20-year tenure. This calculator does not model credit scores because no honest formula maps a score to a rate — that is the lender's internal policy.
Why does my eligibility differ between banks on the same salary?
Mostly FOIR policy and income treatment. One lender may allow 55% of take-home where another allows 45%; one may count your variable pay and another may not; one may include your rental income and another may discount it. That is why applying to two or three lenders often produces three different numbers on identical paperwork.
Does this calculator guarantee I will get this loan?
No. Nothing on this page is a sanction, an offer or a pre-approval, and Pinly is not a lender or a loan broker. It is an estimate from assumptions you control. Actual eligibility depends on your credit profile, employment stability, the property's legal and technical clearance, and the lender's policy on the day.
Before you rely on this
This is a calculator, not financial advice. Pinly is not a lender, a broker or a tax adviser. The numbers here follow the assumptions you set on this page — change an assumption and the answer changes.
We do not name banks, quote interest-rate offers or promise an approval. Your sanctioned rate, tenure and eligibility are the lender’s decision, based on your credit profile and their policy on the day.
Project prices on Pinly are demonstration data for this prototype and do not describe a real project or a real registration.