What FOIR do banks use?

SBI, HDFC and others use 50–55% for salaried, 40–45% for self-employed. NBFCs sometimes go up to 65% for premium income brackets.

Does my spouse's income help?

Yes — joint applications combine incomes, often unlocking 70–80% more eligibility. The downside: both credit profiles must qualify.

How can I increase my eligibility?

Clear existing high-EMI debt, switch to long tenure, add a co-applicant, or improve credit score above 750. Avoid multiple recent loan applications.

₹

WealthVizioCrunching the numbers…

₹

WealthVizioCrunching the numbers…

Loans

Loan Eligibility Calculator

Find the maximum loan you qualify for based on income, EMIs and FOIR.

Inputs

Net monthly income

₹10,000₹1,00,000₹50,00,000

Existing monthly EMIs

₹0₹10,000₹5,00,000

Tenure

yrs

1 yrs2030 yrs

Interest rate

1%8.530%

FOIR

30%Banks: 50–55% · NBFCs: up to 65%70%

Eligibility

Maximum loan you can get

₹51,85,388

At 8.5% for 20 years

Max EMI you can afford

₹45,000

FOIR used

55%

How to boost eligibility

• Pay down existing EMIs — every ₹5K cleared adds ~₹5L eligibility.
• Add spouse as co-applicant — combined income unlocks more.
• Stretch tenure to maximize (but more total interest).
• Improve credit score above 750 for better terms.

How loan eligibility is determined

Banks decide loan eligibility primarily through FOIR (Fixed Obligation to Income Ratio). FOIR caps total monthly EMI burden as a percentage of net monthly income — typically 40–60%.

Other factors: credit score (700+ preferred), job stability, employer category, age (loan tenure shouldn't extend past retirement), and existing obligations.

Eligibility is conservative — real disbursement is often 10–20% lower than the calculator estimate due to insurance, processing fees and downpayment requirements.

Eligibility formula

Max EMI = (Income × FOIR) − Existing EMIs | Eligible = PV(Max EMI, rate, tenure)

FOIR — Cap on EMI as a % of income (usually 50–55%)
Existing EMIs reduce your available headroom.
Max EMI is converted to loan amount using standard amortization.
Longer tenure → higher eligibility but more total interest.

Example: ₹1L income, ₹10K existing EMI, 20yr, 8.5%

Monthly income: ₹1,00,000
Existing EMIs: ₹10,000
FOIR: 55%
Available headroom: ₹45,000/mo
Tenure: 20 years
Eligibility: ~₹52L

Net of existing EMIs, ₹45K headroom translates to ~₹52L home loan eligibility at 8.5% for 20 years.

Frequently asked

Why check eligibility

1Avoid loan rejection — failed applications hurt credit score.
2Plan downpayment vs loan split before house hunting.
3Compare offers across lenders with different FOIR limits.
4Identify whether to clear existing EMIs before applying.
5Negotiate with builders / dealers from a position of clarity.

Related calculators

₹

WealthVizioCrunching the numbers…

Loans

Loan Eligibility Calculator

Find the maximum loan you qualify for based on income, EMIs and FOIR.

Inputs

Net monthly income

₹10,000₹1,00,000₹50,00,000

Existing monthly EMIs

₹0₹10,000₹5,00,000

Tenure

yrs

1 yrs2030 yrs

Interest rate

1%8.530%

FOIR

30%Banks: 50–55% · NBFCs: up to 65%70%

Eligibility

Maximum loan you can get

₹51,85,388

At 8.5% for 20 years

Max EMI you can afford

₹45,000

FOIR used

55%

How to boost eligibility

• Pay down existing EMIs — every ₹5K cleared adds ~₹5L eligibility.
• Add spouse as co-applicant — combined income unlocks more.
• Stretch tenure to maximize (but more total interest).
• Improve credit score above 750 for better terms.

How loan eligibility is determined

Banks decide loan eligibility primarily through FOIR (Fixed Obligation to Income Ratio). FOIR caps total monthly EMI burden as a percentage of net monthly income — typically 40–60%.

Other factors: credit score (700+ preferred), job stability, employer category, age (loan tenure shouldn't extend past retirement), and existing obligations.

Eligibility is conservative — real disbursement is often 10–20% lower than the calculator estimate due to insurance, processing fees and downpayment requirements.

Eligibility formula

Max EMI = (Income × FOIR) − Existing EMIs | Eligible = PV(Max EMI, rate, tenure)

FOIR — Cap on EMI as a % of income (usually 50–55%)
Existing EMIs reduce your available headroom.
Max EMI is converted to loan amount using standard amortization.
Longer tenure → higher eligibility but more total interest.

Example: ₹1L income, ₹10K existing EMI, 20yr, 8.5%

Monthly income: ₹1,00,000
Existing EMIs: ₹10,000
FOIR: 55%
Available headroom: ₹45,000/mo
Tenure: 20 years
Eligibility: ~₹52L

Net of existing EMIs, ₹45K headroom translates to ~₹52L home loan eligibility at 8.5% for 20 years.

Frequently asked

Why check eligibility

1Avoid loan rejection — failed applications hurt credit score.
2Plan downpayment vs loan split before house hunting.
3Compare offers across lenders with different FOIR limits.
4Identify whether to clear existing EMIs before applying.
5Negotiate with builders / dealers from a position of clarity.

Related calculators