Home Loan Eligibility Calculator

Home loan eligibility depends on various factors including your monthly income, existing EMIs, credit score, and the loan parameters. Banks typically approve loans where the EMI doesn't exceed 40-50% of your monthly income.

Our calculator helps you determine the maximum home loan amount you're eligible for based on your financial profile and provides recommendations for comfortable repayment.

Factors Affecting Eligibility:

• Monthly Income: Higher income increases eligibility
• Existing EMIs: Reduces available income for new EMI
• Credit Score: Higher score improves eligibility
• Age: Younger applicants get longer tenure
• Employment Type: Salaried vs. self-employed
• Co-applicant Income: Spouse income can be added

EMI to Income Ratio:

• Salaried: Up to 50% of monthly income
• Self-employed: Up to 40% of monthly income
• Conservative Approach: 30-35% for comfortable repayment

Tips to Increase Eligibility:

• Add co-applicant (spouse) income
• Close existing loans to reduce EMI burden
• Choose longer tenure to reduce EMI
• Improve credit score before applying
• Show additional income sources

Features:

• Maximum loan amount calculation
• Conservative recommendation
• Income distribution visualization
• Multiple income source support
• Shareable eligibility reports