Home Loan Eligibility Calculator

Q: How does CIBIL score impact my home loan eligibility?

Your CIBIL score plays a crucial role in home loan approval. A score of 750 and above is considered excellent and increases your chances of getting a loan at lower interest rates. A score between 650-750 may still get you a loan but at higher interest rates. A score below 650 significantly reduces your chances of approval. Banks check your credit history, repayment track record, credit utilization ratio, and number of active loans when evaluating your application.

Q: How does adding a co-applicant benefit my home loan eligibility?

Adding a co-applicant, especially a working spouse, can significantly increase your home loan eligibility. The combined income of both applicants is considered, which increases the maximum loan amount you can qualify for. It can also help you get a lower interest rate. Additionally, if the co-applicant is a woman, many banks offer a 0.05% concession on interest rates. Both applicants can also claim tax benefits under Section 80C and Section 24(b) of the Income Tax Act (applicable under the Old Tax Regime only; the New Tax Regime does not allow these deductions).

Q: Can self-employed individuals get a home loan? What are the requirements?

Yes, self-employed individuals can get a home loan. The requirements include: (1) Business should be operational for at least 3 years, (2) ITR filings for the last 2-3 years, (3) Audited balance sheets and profit & loss statements, (4) Bank statements for the last 6-12 months, (5) Business registration documents, and (6) A good CIBIL score of 700+. The loan amount is typically calculated based on the average net profit shown in the last 2-3 years of ITR.

Q: What is the maximum age limit for a home loan and how does it affect tenure?

Most banks set the maximum age limit at 60-65 years for salaried individuals and 65-70 years for self-employed persons at the time of loan maturity. This means if you are 45 years old, the maximum tenure you can get is typically 15-20 years. Younger borrowers (25-35 years) can avail the maximum tenure of 30 years, which results in lower EMIs. Some banks may allow extended tenure up to 75 years of age for select customer profiles.

Q: What documents are required for home loan eligibility assessment?

The documents required include: (1) Identity proof — Aadhaar, PAN, Passport, (2) Address proof — Utility bills, Aadhaar, (3) Income proof — Salary slips (last 3-6 months) for salaried or ITR (last 2-3 years) for self-employed, (4) Bank statements for the last 6 months, (5) Property documents — Sale agreement, title deed, approved building plan, (6) Employment proof — Offer letter, experience certificate, (7) Photograph, and (8) Existing loan statements if any. Before finalizing, also estimate your total upfront cost using our Stamp Duty Calculator and check your property's circle rate — registration value is based on the higher of actual sale price or circle rate.

Q: What is LTV ratio and how does it affect my home loan amount?

LTV (Loan-to-Value) ratio is the percentage of the property value that a bank is willing to finance. As per RBI guidelines: (1) For loans up to ₹30 lakhs, LTV can be up to 90%, (2) For loans between ₹30-75 lakhs, LTV can be up to 80%, and (3) For loans above ₹75 lakhs, LTV can be up to 75%. This means you need to arrange the remaining amount as a down payment. A lower LTV ratio can help you get better interest rates and faster approval.

Q: What is FOIR and how does it determine my loan eligibility?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that goes towards paying existing EMIs and other fixed obligations. Banks typically allow a maximum FOIR of 40-50%, meaning your total EMIs (including the proposed home loan EMI) should not exceed 40-50% of your gross monthly income. For example, if your monthly income is ₹1,00,000 and existing EMIs are ₹20,000, banks will calculate your new home loan EMI eligibility based on the remaining ₹30,000-₹50,000 of allowable obligation. Use our EMI Calculator to estimate your monthly payments.

Check your home loan eligibility instantly across 8 leading Indian banks (SBI, HDFC Bank, ICICI Bank, Axis Bank, PNB, Bank of Baroda, Kotak Mahindra, LIC Housing) - RBI repo rate 5.25% as of Feb 2026 MPC. Enter your monthly income, existing obligations, and loan details to find your maximum eligible loan amount based on FOIR (40-50% of gross income).

Monthly Income

₹

₹10K₹5L

Existing Monthly EMIs

₹

₹0₹2L

Monthly Expenses

₹

₹0₹2L

Interest Rate (p.a.)

7%15%

Loan Tenure

5 Yr30 Yr

Maximum Loan Amount₹ 23.05 L

Max Property Value₹ 28.81 L

Recommended EMI₹ 20,000/mo

Debt-to-Income Ratio

40%Moderate

Loan vs Down Payment

Loan Amount

Down Payment

Eligibility Score80%

0%50%100%

Tips to Improve Your Home Loan Eligibility

Improving your home loan eligibility can help you secure a larger loan amount at better interest rates. Here are some proven strategies to enhance your eligibility:

Maintain a good CIBIL score (750+): Pay all existing EMIs and credit card bills on time. A higher credit score significantly improves your chances of loan approval at lower interest rates.
Reduce existing debts: Pay off personal loans, car loans, and credit card outstanding balances to lower your FOIR ratio, which directly increases your eligible loan amount.
Add a co-applicant: Adding a working spouse as a co-applicant combines both incomes, increasing the maximum loan amount you can avail.
Choose a longer tenure: Opting for a 25-30 year tenure reduces your EMI amount, which can help you qualify for a higher loan amount.
Increase your down payment: A higher down payment reduces the loan amount needed and signals financial stability to the lender.
Show all sources of income: Include rental income, freelance earnings, and other regular income sources in your application to boost your total income.

Bank-wise Home Loan Interest Rates

Bank	Interest Rate	Max Tenure	Max Loan	Processing Fee
SBI	7.5% - 8.7%	30 years	₹15 Cr	0.35%
HDFC Bank	8.15% - 9.65%	30 years	₹10 Cr	0.50%
ICICI Bank	7.65% - 10.05%	30 years	₹10 Cr	0.50%
Axis Bank	8% - 9.35%	30 years	₹5 Cr	1.00%
PNB	8.45% - 10.95%	30 years	₹5 Cr	0.35%
Bank of Baroda	7.45% - 9.25%	30 years	₹10 Cr	0.50%
Kotak Mahindra	7.7% - 9.4%	25 years	₹40 Cr	0.50%
LIC Housing	8.5% - 10.25%	30 years	₹15 Cr	0.25%

* Interest rates as of February 2026 RBI MPC (repo rate 5.25%). Rates are indicative and subject to change - please verify with the respective bank for the latest applicable rates and offers.

How is Home Loan Eligibility Calculated?

Home loan eligibility is determined by banks based on your income, existing financial obligations, and the loan terms. The calculation follows these steps:

Eligibility Formula

Step 1: Available Income = Monthly Income - Existing EMIs - Monthly Expenses
Step 2: Maximum EMI = Available Income × 50% (FOIR limit)
Step 3: Max Loan = EMI × [(1+r)ⁿ - 1] / [r × (1+r)ⁿ]
Step 4: Max Property Value = Max Loan Amount / 0.80 (80% LTV)

r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
n = Total number of monthly installments (tenure × 12)

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Check by Bank

SBI Eligibility HDFC Bank Eligibility ICICI Bank Eligibility Axis Bank Eligibility Bank of Baroda Eligibility PNB Eligibility Kotak Mahindra Bank Eligibility LIC Housing Finance Eligibility Bajaj Housing Finance Eligibility Union Bank of India Eligibility Canara Bank Eligibility IDBI Bank Eligibility

Check by Salary

₹25,000 Salary ₹50,000 Salary ₹75,000 Salary ₹1 Lakh Salary ₹1.5 Lakh Salary ₹2 Lakh Salary

Frequently Asked Questions

Common questions about home loan eligibility and requirements

What are the key eligibility criteria for a home loan in India?

The key eligibility criteria include: (1) Age between 21-65 years, (2) Stable income source — salaried or self-employed, (3) Minimum monthly income of ₹25,000 or more depending on the bank, (4) Good credit score (ideally 750+), (5) Employment stability — at least 2 years for salaried and 3 years for self-employed, and (6) Existing debt obligations should not exceed 50-60% of monthly income (FOIR).

How does CIBIL score impact my home loan eligibility?

How does adding a co-applicant benefit my home loan eligibility?

Can self-employed individuals get a home loan? What are the requirements?

What is the maximum age limit for a home loan and how does it affect tenure?

What documents are required for home loan eligibility assessment?

What is LTV ratio and how does it affect my home loan amount?

What is FOIR and how does it determine my loan eligibility?

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Disclaimer

Reviewed by HexaHome Research Team · Updated April 2026

Calculations on this page are estimates for illustrative purposes only and should not be treated as legal, financial, tax or investment advice. Interest rates, tax rules and government charges change frequently, so please verify the latest values with your bank, chartered accountant or the relevant government authority before making any decision.

Primary sources: RBI Master Directions on Home Loans SBI Home Loan Eligibility

Home Loan Eligibility Calculator

Tips to Improve Your Home Loan Eligibility

Bank-wise Home Loan Interest Rates

How is Home Loan Eligibility Calculated?

Eligibility Formula

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Buy, Sell & Rent Properties on the HexaHome App

Apartment / Builder Floor In Noida

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2BHK Apartment for sale in Sector 45, Sadarpur, Noida

2BHK Builder Floor for rent in Golf City, Sector 75, Noida

2BHK Apartment for rent in Golf City, Sector 75, Noida

2BHK Apartment for rent in Golf City-Panchsheel Pratistha Soc, Sector 75, Noida

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Residential Plot for sale in Sector 88, Phase II, Noida

Residential Plot for sale in Bhangel, Noida

Residential Plot for sale in Yakubpur-Sector 89, Phase II, Noida

Residential Plot for sale in Kulesara, Noida

Residential Plot for sale in Kulesara, Noida

Residential Plot for sale in Kulesara, Noida

Residential Plot for sale in Vishnu Nagar, Sector 115, Noida

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Other for lease in Hoshiarpur Village, Sector 51, Noida

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Office Space for rent in Sector 142, Noida

Office Space for rent in Sector 90, Noida

Retail Shop for rent in Sector 102-Salarpur, Bhangel, Noida

Check by Bank

Check by Salary

Frequently Asked Questions

What are the key eligibility criteria for a home loan in India?

How does CIBIL score impact my home loan eligibility?

How does adding a co-applicant benefit my home loan eligibility?

Can self-employed individuals get a home loan? What are the requirements?

What is the maximum age limit for a home loan and how does it affect tenure?

What documents are required for home loan eligibility assessment?

What is LTV ratio and how does it affect my home loan amount?

What is FOIR and how does it determine my loan eligibility?

Post Your Property for Free

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