Home Loan Eligibility Calculator –
Find Maximum Loan You Can Get

Banks allow maximum EMI of 40-50% of net monthly income. Formula: Max EMI = Net Salary × 0.50 − Existing EMIs. Then: Max Loan = Max EMI × [(1+r)^n − 1] / [r × (1+r)^n]. For a ₹1L salary with no existing EMIs at 8.5% for 20 years, maximum loan ≈ ₹57 Lakhs.

Key factors: (1) Monthly income — higher salary = higher loan, (2) Existing EMIs — reduce eligible amount, (3) CIBIL score — below 700 may reduce eligibility or increase rate, (4) Age — younger borrowers get longer tenure = higher loan, (5) Employment type — salaried gets better terms than self-employed.

Yes! Adding a working co-applicant (spouse, parent, sibling) combines both incomes for eligibility calculation. This can increase your eligible loan by 40-80%. Both applicants must be CIBIL clear with score 700+.