Home Loan Eligibility Calculator
Estimate how much a lender is likely to offer you, based on income and existing obligations.
- What is FOIR and why does it limit my loan?
- The fixed obligation to income ratio is the share of your monthly income already committed to EMIs. Most lenders cap total EMIs at 40 to 55% of income, so an existing car or personal loan directly reduces what you can borrow for a home.
- Does adding a co-applicant increase eligibility?
- Yes. A working spouse or parent added as co-applicant has their income counted too, which raises the affordable EMI and therefore the loan. Both become jointly liable for repayment.