Home Loan Eligibility Calculator
Eligible Loan = MIN(Property Value × LTV%, Income-based ceiling). We show which constraint binds.
A lender checks two limits before sanctioning a home loan, and you get whichever is lower. The first is loan-to-value (LTV): the maximum share of the property's value the lender will finance. Commonly applied ceilings are up to 90% for properties up to ₹30 lakh, up to 80% for ₹30–75 lakh, and up to 75% above ₹75 lakh, in line with RBI's LTV guidance for housing loans; you fund the rest as a down payment.
The second is your repayment capacity. Lenders cap the share of your net monthly income that can go toward EMIs (the FOIR method) and work backwards from the affordable EMI to a loan amount at a given rate and tenure. This calculator uses 40% of net income below ₹25,000 a month, 50% from ₹25,000 to ₹1,00,000, and 58% above that. These are rules of thumb, not fixed rules, and lenders vary. Final sanction also depends on the lender's valuation of the property, your credit profile, your age, and legal checks on the property.
Your Details
LTV-based limit: ₹0
Income-based limit (FOIR): ₹0
This is an estimate, not an offer. The figures above are indicative calculations based on the numbers you entered and standard industry formulas/rules of thumb. They are not a loan/insurance quote, a pre-approval, or a guarantee of approval by any bank, NBFC, or insurer. Actual eligibility, interest rate, premium, and approval are decided solely by the lender/insurer after their own underwriting and verification.
Worked Example
Take the default inputs: a ₹60,00,000 property, ₹80,000 net monthly income, no existing EMIs, 8.5% interest, and 240 months.
- LTV limit: a ₹60 lakh property falls in the 80% band, so the cap is ₹48,00,000.
- Income limit: ₹80,000 falls in the 50% tier, so the maximum affordable EMI is ₹40,000. At 8.5% over 240 months, that EMI supports a loan of ₹46,09,234.
- Eligible loan: the lower of the two, ₹46,09,234. Income is the binding constraint. The remaining ₹13,90,766 is your down payment, before stamp duty, registration, and other costs.
Change the income and the binding constraint can flip. At ₹50,000 a month, the affordable EMI falls to ₹25,000 and the income limit drops to ₹28,80,771, well below the ₹48,00,000 LTV cap. At ₹1,50,000 a month, the affordable EMI rises to ₹87,000 and the income limit (₹1,00,25,083) exceeds the LTV cap, so the property's value becomes the limit and the eligible loan is ₹48,00,000.
To see what a loan of this size costs each month and in total interest, use theHome Loan EMI Calculator. To check how much of your income the EMI would take, try the FOIR Calculator.
Frequently Asked Questions
What is LTV and how does it cap my home loan?
LTV (Loan-to-Value) is the maximum percentage of the property’s value a lender will finance. Typical ceilings are up to 90% for properties up to ₹30 lakh, up to 80% for ₹30–75 lakh, and up to 75% above ₹75 lakh — you must fund the rest as a down payment.
Why does the calculator show two different limits?
Your eligible loan amount is whichever is lower: what the property’s LTV allows, or what your income can service (via the FOIR method). The calculator shows both and tells you which one is binding.
Is this exactly what the bank will sanction?
No — this is an indicative estimate only. Final sanction amount depends on the lender’s valuation of the property, your credit profile, and underwriting.