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Home Loan Eligibility Calculator

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Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate home loan eligiblility in India. This is a simple calculator to give you a fair idea of home loan amount you are eligibile for. The actual amount may differ from bank to bank based on your credit appraisal.

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Property value and outstanding loan amount are optional.

Result window

Home loan estimation

For most banks and housing finance companies in India, Any salaried individual or professionals/ business person who file income-tax returns are eligible for home loans. The sanctioned amount is determined by various factors such as income, employment status, loan tenure and so on.

The calculations on this page assumes that the maximum loan entitlement is the lesser of:

  • 80% of the property cost (90% for below Rs 20 lakhs) and,
  • 55% of your your income available for repayment

Tips for increasing loan amount
The higher your monthly income, the higher is the loan amount you can avail of; Most home loan providers allow the income of the spouses to be clubbed for this purpose. The longer the loan tenure, the higher is the loan amount; however this is contingent on the number years you have for retirement.

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