Home Loan Eligibility Calculator
Before applying for a home loan, it is crucial to know how much a bank is willing to lend you. This depends on your income, existing debts, and age. Use OrangeTool to find your maximum loan limit with 100% privacy.
⚡ Quick Eligibility Rule
Most banks use a 50% FOIR rule. If your salary is ₹1 Lakh, your total EMIs (new + existing) should not exceed ₹50,000.
Example: Salary ₹1.2L, existing EMI ₹10k → Max new EMI ₹50k → Eligible Loan ≈ ₹55-60 Lakhs (at 9% for 20 yrs).
What Factors Affect Loan Eligibility?
Banks evaluate your "repayment capacity" rather than just your salary. The primary factors include:
- FOIR (Fixed Obligation to Income Ratio): Banks generally assume that 40-60% of your income will be spent on living expenses. The remaining is your "EMI capacity."
- Credit Score (CIBIL): A high score (750+) not only gets you lower interest rates but also increases the likelihood of a higher loan amount.
- Age: Younger borrowers (25-35) can get longer tenures (up to 30 years), which increases their loan eligibility by spreading out the principal.
- Property Value: Banks usually lend only 80-90% of the property value (LTV Ratio), regardless of your personal eligibility.
Understanding FOIR
FOIR is the most important metric for loan approval. If you earn ₹1,00,000 and your existing car loan EMI is ₹20,000, your current fixed obligation is 20%. If the bank has a 50% FOIR limit, you can afford another ₹30,000 in EMIs. Our calculator uses this logic to find the maximum principal that a ₹30,000 EMI can support over your chosen tenure.
100% Private Eligibility Check
When you check loan eligibility on official bank sites or aggregator portals, your data is often sold to telemarketers. **OrangeTool values your privacy.** This calculator is purely client-side. We don't save your salary, your debts, or your personal details. You can explore your financial limits with total anonymity.