What is FOIR and how does it affect eligibility?

Fixed Obligations to Income Ratio (FOIR) is the % of your monthly income going to all EMIs. Banks cap FOIR at 40-55%. If you earn ₹1L and have ₹15k existing EMIs, max new EMI is ₹35-40k → loan ~₹40-45L at 8.5% for 20Y.

How can I increase my loan eligibility?

1) Add a co-applicant (spouse/parent) — combined income counts. 2) Extend tenure to 25-30 years. 3) Pay off existing EMIs. 4) Improve CIBIL above 800 — gets best rates. 5) Show variable pay over last 3 years (most banks count 50% of average).

Home Loan Eligibility Calculator

Find out the maximum home loan you qualify for based on your monthly income and existing EMIs. Banks generally cap loan EMIs at 50% of net monthly income.

Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)

Net monthly income1 Lakh

₹

Existing EMIs (monthly)

₹

Interest rate

% p.a.

Tenure

years

Maximum loan eligibility

₹57.62 L

At 8.5% for 20 years

Max EMI you can afford

₹50,000

50% of income rule

FOIR used

50%

Foreclose target: <40%

Frequently asked questions

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