🏠 What Is a Home Loan Eligibility Calculator?

A Home Loan Eligibility Calculator helps estimate how much loan amount you can borrow from a bank or lender based on your income, existing financial obligations, and other factors.

🎯 Purpose:

• To check affordability before applying for a loan
• To plan your home purchase budget
• To improve your loan approval chances by understanding limits

📥 Key Inputs

1. Net Monthly Income – Your take-home salary after deductions (in ₹)
2. Existing Monthly EMIs – All other loan EMIs you're currently paying
3. Interest Rate – The expected annual home loan interest rate (%)
4. Loan Tenure – Desired repayment period (in years)
5. (Optional) Credit score, age, job type – used by banks but not in basic calculators

Disclaimer:

This calculator provides an estimate based on your inputs and a 50% FOIR assumption. Actual eligibility depends on the lender’s policies, credit score, job type, age, and other documents. Always consult a loan officer or bank for final approval.