Home Loan Eligibility Calculator
Determine how much you can borrow for your dream home with our advanced calculator and expert guidance
Calculate Your Eligibility
Fill in your details to see how much you can borrow
You’re Eligible For
Based on your financial profile and current market rates
Understanding Home Loan Eligibility
Purchasing a home is one of the most significant financial decisions you’ll make. Understanding your home loan eligibility helps you plan better and improves your chances of loan approval.
Key Factors Affecting Loan Eligibility
Income Level
Your monthly income determines repayment capacity. Higher income generally means higher eligibility.
Credit Score
A credit score above 750 significantly improves loan approval chances and interest rates.
Employment History
Stable employment history with at least 2 years in current job strengthens your application.
Existing Liabilities
Existing loans and credit card debt reduce the amount you can borrow for a home loan.
Improving Your Eligibility
To enhance your home loan eligibility, consider these strategies:
- Maintain a stable job for at least 2 years
- Keep your credit utilization below 30% of your limit
- Pay off existing debts to lower your EMI-to-income ratio
- Include all income sources in your application
- Opt for a longer tenure to reduce monthly EMIs
Home Loan FAQs
What is a home loan eligibility calculator?
A tool that helps you estimate how much home loan you can get based on your income, age, employment, and other financial details.
How does the home loan eligibility calculator work?
It calculates your eligible loan amount using your income, existing liabilities, age, and tenure.
Who can use the home loan eligibility calculator?
Both salaried and self-employed individuals looking to buy or construct a home.
Is this calculator free to use?
Yes, it is 100% free and accessible online.
What details do I need to use the calculator?
Monthly income, existing EMIs, age, and desired loan tenure.
Does credit score affect loan eligibility?
Yes, a good credit score increases your loan eligibility.
Can I use the calculator without giving personal information?
Yes, most calculators don’t require sensitive personal data.
What is the minimum salary for home loan eligibility?
It varies by lender, but typically ₹25,000 per month is the starting point.
Can I check eligibility jointly with a co-applicant?
Yes, joint applications increase loan eligibility and can be factored in.
Does home loan eligibility vary by bank?
Yes, different banks have slightly different criteria.
What is the maximum loan I can get based on salary?
Usually up to 60x your net monthly income, subject to EMIs and tenure.
Is age important for home loan eligibility?
Yes, younger applicants may get longer tenures and higher eligibility.
Can I check eligibility if I’m self-employed?
Yes, with income proof like ITRs or business profits.
What is the ideal debt-to-income ratio for eligibility?
Banks prefer a ratio below 40% (EMIs/income).
Can property value affect loan eligibility?
Yes, loan-to-value (LTV) ratio is also considered.
How to increase my home loan eligibility?
Reduce existing debts, apply jointly, improve credit score, or opt for longer tenure.
Is the result of the calculator accurate?
It’s an estimate; actual approval depends on bank evaluation.
Do I need to register to use the calculator?
No registration is needed on most websites.
How often should I check my eligibility?
You can check anytime your income or liabilities change.
Will using this calculator impact my credit score?
No, it does not affect your credit score in any way.
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