Home Loan Eligibility Calculator
Home loan eligibility rests on two separate tests, and the lower of the two decides the sanction: how much EMI your income supports after existing obligations, and what percentage of the property's assessed value the lender will fund. This calculator handles the first.
Indicative loan amount
₹63.75 Lakh
An estimate from income and obligations only, not an offer
Lenders cap total EMIs at a share of gross income. This calculator applies 50% for your income band. The lender's own assessment also weighs credit score, employment and the property.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,49,017 | ₹4,50,984 | ₹62,25,866 |
| 2 | ₹1,60,027 | ₹4,39,973 | ₹60,65,838 |
| 3 | ₹1,71,852 | ₹4,28,148 | ₹58,93,986 |
| 4 | ₹1,84,550 | ₹4,15,450 | ₹57,09,436 |
| 5 | ₹1,98,186 | ₹4,01,814 | ₹55,11,250 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
Income test and property test are both binding
The income test caps the EMI at a share of your gross monthly income, typically around 50% for salaried borrowers including all existing EMIs. The property test caps the loan at a loan-to-value ratio - commonly up to 90% for loans up to 30 lakh, around 80% between 30 and 75 lakh, and 75% above that. A strong income does not unlock more than the property supports, and a valuable property does not unlock more than the income services.
Age at maturity limits the tenure
Lenders require the loan to close before a maximum age, generally 60 to 65 for salaried borrowers and up to 70 for self-employed. A 45-year-old salaried applicant is therefore looking at a 15 to 20 year tenure rather than 30, which reduces the amount a given income supports. Adding a younger earning co-applicant is the usual way to extend the tenure and lift the assessed amount.
Co-applicants pool income and obligations
Adding a spouse or family member with income increases the household figure the EMI is measured against, and can raise the sanctioned amount substantially. It also brings their existing EMIs into the calculation, and their credit history into the assessment - a co-applicant with a poor score can reduce the outcome rather than improve it. Check both reports before deciding who to add.
Improving the number before you apply
Closing a small existing loan releases its full EMI back into the allowance. Clearing revolving credit card balances improves both the obligation figure and the credit score. Waiting for a confirmed increment, or documenting variable pay through a longer period of statements, can raise the assessed income. These take weeks rather than months, and frequently move the sanction by more than any negotiation does.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
At a 50% FOIR with no existing EMIs, about 50,000 a month is available for the EMI. At 8.5% over 20 years that supports roughly 57.5 lakh, subject to the property's value supporting the loan-to-value ratio. Existing EMIs reduce it directly.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.