Home Loan Eligibility Calculator

Banks use the FOIR (Fixed Obligation to Income Ratio) method. Your total monthly EMI obligations (existing + proposed home loan) should not exceed 40–60% of your net monthly income. They also consider credit score, age, employment type, and property value (LTV ratio).

LTV (Loan to Value) is the percentage of property value the bank will fund. RBI mandates: up to ₹30L — 90% LTV, ₹30L–₹75L — 80%, above ₹75L — 75%. The remaining amount must be paid as down payment from your own funds.

Most banks require a CIBIL score of 750+ for the best interest rates. Scores between 650–749 may still get approval but at higher rates. Below 650 — most banks will reject or offer very high rates. Check your CIBIL score for free on CIBIL.com once per year.

Yes, adding a working co-applicant (spouse, parent, or child) can significantly increase your combined eligible loan amount. Banks combine both incomes for FOIR calculation. Many banks offer lower interest rates when a woman is the primary/co-applicant.

Standard documents: KYC (Aadhaar, PAN), last 3 months' salary slips, 6 months' bank statements, Form 16, ITR (last 2 years), property documents (sale agreement, approved plan, NOC). Self-employed applicants additionally need business financials and GST returns.