Calculator
Home Loan Eligibility Calculator
Estimate your maximum borrowing limit. Calculate eligible Home Loan amounts based on salary incomes, rates, and existing EMI obligations.
FAQs
Home Loan Eligibility Calculator FAQs
What is FOIR in Home Loans?
For home loans, banks allow a higher Fixed Obligation to Income Ratio (FOIR) up to 60% of your net monthly income, since home assets represent appreciating collateral security with longer repayment horizons.
Does credit score affect Home Loan eligibility?
Yes, absolutely. A credit score above 750 is highly recommended. Lenders offer the lowest home loan interest rates to borrowers with excellent credit histories and reject applicants with histories of defaults.
