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Home Loan Eligibility Calculator
Banks use the FOIR (Fixed Obligations to Income Ratio) method to determine how much you can borrow. Enter your exact income and obligations to find your maximum home loan amount in Lucknow.
Your financial profile
Type exact values or use the sliders
₹
₹15,000₹10.0 Lac
₹
₹0Car loan, personal loan, credit card EMI etc.
years
21 yearsMax tenure: 20 yrs (retire at 60)
%
6%15%
years
5 years30 years
Maximum Loan Eligible
₹50.7 Lac
at 8.5% for 20 years
Max EMI Affordable
₹44,000/mo
Property Budget
₹63.4 Lac
Eligibility Strength
Strong
FOIR Used55% of 55.00000000000001% limit
Down Payment Needed (20%)₹12.7 Lac
Effective Tenure20 years (retire at 60)
How to increase your eligibility
- • Close existing loans — reduces FOIR, biggest impact on eligibility
- • Add a co-applicant's income— spouse's salary gets added to your capacity
- • Opt for 25-30 year tenure — lower EMI means you qualify for a bigger loan
- • CIBIL score above 750 — better approval rate and lower interest rates
- • Choose a longer-tenured bank — some banks allow tenure up to age 65 even for salaried
How Banks Calculate Your Home Loan Eligibility
Indian banks primarily use the FOIR (Fixed Obligations to Income Ratio) method. They calculate how much of your monthly income is already committed to EMIs, credit card payments, and other fixed obligations. The remaining capacity determines your maximum loan amount.
Key Factors Banks Consider
- FOIR Limit: Banks typically cap total obligations at 50-60% of net income. Salaried employees get a higher limit (55%) compared to self-employed (50%).
- Age & Tenure: Maximum tenure is capped at retirement age (60 for salaried, 65 for self-employed). A 30-year-old can get a 30-year loan, but a 50-year-old is limited to 10 years.
- LTV Ratio: Banks finance up to 80% of property value for loans up to ₹75 Lac, and 75% above that. You must arrange the remaining 20-25% as down payment.
- CIBIL Score: A score above 750 significantly improves approval chances and may qualify you for lower interest rates. Below 650 may result in rejection.