Home Loan Eligibility Calculator
Enter four numbers and see roughly how much you can borrow - computed the same FOIR way lender credit teams do it. Runs entirely in your browser.
How lenders compute this
FOIR cap
Roughly half your net monthly income is the ceiling for ALL EMIs combined. Whatever your existing EMIs leave free is the headroom a new loan must fit inside.
Tenure by age
Loans must finish before retirement age, so a younger applicant gets a longer tenure - and a longer tenure converts the same EMI headroom into a larger eligible amount.
Rate by profile
Your credit score, employer or business profile, and the lender you match with decide the rate. A lower rate stretches your headroom into a bigger sanction.
Frequently Asked Questions
How is home loan eligibility calculated?
Lenders apply a FOIR (Fixed Obligation to Income Ratio) cap - typically around 50% of net monthly income may go toward all EMIs combined. Your available EMI headroom, the interest rate and the maximum tenure for your age together determine the loan amount you can support.
Is this calculator result a guaranteed offer?
No - it is an indicative estimate using standard FOIR assumptions. Each lender applies its own policy on income treatment, obligations and tenure caps. Submit one application with MahadevX and we fetch your actual sanctionable offers from 25+ lenders.
Why do my existing EMIs reduce my eligibility?
Because the FOIR cap covers ALL your obligations. If half your income is the ceiling and existing EMIs already use part of it, only the remainder is available to service a new loan. Consolidating costly EMIs first often increases what you can borrow.
Does using this calculator affect my CIBIL score?
Not at all - everything here runs in your browser. Your score is only touched when a lender makes a hard inquiry, and with MahadevX that happens once, not once per bank.
How can I increase my eligibility?
Add a co-applicant's income, close or consolidate existing EMIs, choose a longer tenure, or document additional income (rent, incentives, business income). Your MahadevX advisor will tell you which lever moves your number the most.
More tools & guides
MahadevX Fintech is a loan distribution associate (DSA) of its partner banks and NBFCs, not a lender. Loan sanction, interest rates and final terms are at the sole discretion of the respective RBI-regulated lender and are subject to their credit policy. Figures shown on this page are indicative. Information here references publicly available RBI and lender guidelines and is for general awareness, not financial advice.
Estimates are nice. Sanctions are better.
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