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For Investors
Buying your dream home is exciting, but the first question that comes to mind is: “How much home loan am I eligible for?” That’s where a Home Loan Eligibility Calculator helps.
With Housivity’s free online Home Loan Eligibility Calculator, you can easily check your eligibility within seconds. Just enter your income, Interest Rate (% P.A.), loan tenure, and existing EMIs to get an accurate idea of the loan amount you can avail.
Understanding eligibility is crucial before applying for a loan because:
Increases chances of loan approvalHelps you plan your budget smartlyAvoids loan rejection & CIBIL score impactSaves time by shortlisting the right property within budgetThe higher your income, the better your eligibility. Banks usually consider 40–60% of your net income for EMI payments.
Younger applicants (25–35 years) get longer tenures, thus higher eligibility. Older applicants near retirement get lower loan amounts.
Salaried employees with stable jobs have higher approval chances. Self-employed or business owners may face stricter scrutiny.
A CIBIL score above 750 significantly boosts your eligibility.
If you already have ongoing EMIs (car loan, personal loan, credit card dues), your eligibility reduces.
Longer tenure = lower EMIs = higher eligibility.
Improve your credit scoreOpt for a joint loan with spouse/parentsChoose a longer tenureRepay existing debts before applyingShow additional sources of incomeEligibility → The maximum loan a bank is willing to offerAffordability → How much EMI you can actually pay comfortablyBoth should be balanced before making a decision.
Free & easy to useInstant results within secondsHelps plan a property purchase smartlyAvoids unnecessary rejectionsMobile & desktop friendlyLet’s get real for a second, applying for a home loan without understanding your eligibility is like walking into an exam without preparing. You might get lucky, but most likely, you’ll face rejection. And rejection in this case doesn’t just hurt… it also dents your credit score.
The good news? You don’t have to guess. Every bank and NBFC uses a set of rules (a checklist, really) to decide how much loan you qualify for. And thanks to online Home Loan Eligibility Calculators, you can figure it out in minutes by just entering a few details like income, loan amount, and existing debts.
Now, let’s break down the factors lenders actually look at when calculating eligibility:
Age is a big one. Most lenders align your loan tenure with your working years. Translation: the closer you are to retirement, the shorter your loan term will be. Younger applicants usually have an edge here, while older borrowers may need proof of steady income to qualify.
Your credit score is basically your financial report card. A score above 750 makes lenders feel safe and often gets you better interest rates. Fall below that, and you may face higher EMIs or even rejection.
Stable income = stable repayments. If you’re salaried, lenders will check job security and salary slips. If you’re self-employed, they’ll look at your financial statements to confirm consistent cash flow. The bottom line: they want to see if you can handle EMI payments without stress.
Lenders don’t just check you — they check the property too. They’ll verify its age, location, legal status, and even conduct a technical inspection. Why? Because the property itself is the collateral. If the property doesn’t meet their standards, your loan could get rejected.
This one’s simple: it’s the percentage of the property’s value that the bank is willing to finance. For example, if your home costs ₹50 lakh and the lender approves an LTV of 80%, you’ll get ₹40 lakh as the loan, and the rest comes from your pocket.
Already have loans? Your EMI commitments are compared against your monthly income. If your debt eats up too much of your salary, lenders will hesitate. Ideally, keep your debt-to-income ratio below 40–45%.
| Factor | Eligibility |
|---|---|
| Age | 18–65 years (70 for self-employed) |
| Credit Score | 750+ |
| Loan-to-Value (LTV) | Up to 90% |
| Employment Status | Salaried / Self-employed |
| Minimum Net Income | ₹25,000 per month |
| Type of Property | Plot, under-construction, completed, or self-construction |
| Loan Amount | As per lender’s rules |
| Residence Type | Resident Indians & NRIs |
Note: (Values may vary depending on lender, loan tenure, interest rate, and your financial profile.)
When you apply for a home loan, banks and financial institutions ask you to submit certain documents to verify your identity, income, and property details. While the exact requirements may vary depending on the lender, loan type, and your profile, the following list covers the common documents required for a home loan in India.
Duly filled home loan application formRecent passport-size photographsPAN CardVoter ID CardDriving LicenseAadhaar CardPassportAadhaar CardPassportVoter ID CardRation CardLatest Utility Bills (electricity, water, gas, telephone, etc.)PassportPAN CardAadhaar Card with DOBBank PassbookBirth CertificateDriving LicenseClass 10th (SSC) MarksheetFor Salaried Individuals:
Form 16 (issued by employer)Latest 3 months’ salary slipsLast 6 months’ bank statementsIncome Tax Returns (ITR) of the last 2–3 yearsEmployer’s certified letter (if required)For Self-Employed Professionals / Business Owners:
Income Tax Returns (ITR) of the last 3 yearsLast 6 months’ bank statementsBalance Sheet and Profit & Loss (P&L) Account (attested by a Chartered Accountant)Business registration proof / professional practice licenseDegree certificate or relevant qualification documents (required for certain loan schemes)Sale Deed / Allotment Letter / Agreement to SaleOccupancy Certificate (for ready-to-move homes)Property Tax Receipts (if applicable)Stamped Agreement of SaleApproved Building PlanNOC from builder or society (if required)Lenders may ask for additional documents based on your profile, employer, type of property, or specific loan product. To avoid delays, always keep originals and photocopies of these documents handy.
The home loan amount you can get depends mainly on your monthly net salary (after deductions such as PF, gratuity, ESI, etc.) and your repayment capacity. Lenders also look at your age, credit score, existing EMIs, and type of employment before deciding the final loan eligibility.
👉 Generally, banks and housing finance companies allow a borrower to avail of a loan amount of up to 60 times their net monthly salary.
If your monthly salary is ₹25,000, you can get a home loan of around ₹15 lakh.If your monthly salary is ₹50,000, you may be eligible for a loan of around ₹30 lakh.Rohan earns ₹25,000 per month. He can get a loan of approx. ₹15 lakh for a property worth ₹40 lakh.
On the other hand, someone earning ₹50,000 per month can get approx. ₹30 lakh for the same property.
Here’s an approximate table to understand how much home loan you can get based on your monthly salary:
| Net Monthly Income (₹) | Eligible Loan Amount (Approx.) |
|---|---|
| 25,000 | 13 lakh |
| 35,000 | 20 lakh |
| 45,000 | 26 lakh |
| 55,000 | 36 lakh |
| 65,000 | 42 lakh |
| 75,000 | 49 lakh |
Note: (Values may vary depending on lender, loan tenure, interest rate, and your financial profile.)
Getting the right home loan depends on several factors such as age, income stability, existing debts, and credit history. While some of these are fixed, there are practical ways to improve your home loan eligibility and increase your chances of approval.
Here are five effective tips that can help you get a higher loan amount at better terms:
Applying for a joint home loan with a family member (spouse, parents, children, or siblings) significantly increases your eligibility.
Both incomes are considered by the lender, allowing a higher sanctioned loan.The financial burden is shared.Both applicants can claim tax benefits under Sections 80C and 24(b) of the Income Tax Act.Choosing a longer repayment tenure reduces your EMI burden.
Lower EMIs improve repayment capacity, which lenders view positively.While the total interest paid may be higher, it increases your chance of getting a higher loan amount.Lenders calculate eligibility based on the Debt-to-Income (DTI) ratio.
If you have existing personal loans, car loans, or credit card dues, your eligibility reduces.Prepaying or closing these debts before applying boosts your creditworthiness and loan eligibility.A credit score above 750–800 greatly improves your loan eligibility.
It reflects strong repayment history and low default risk.To maintain a good score:
Pay EMIs and credit card bills on time.Avoid multiple loan applications within a short period.Keep credit utilization ratio below 30–40 percent.Disclosing other income streams strengthens your application.
Rental income from property.Income from investments such as fixed deposits, dividends, or mutual funds.Freelancing or part-time earnings.This boosts your repayment capacity and allows lenders to sanction a higher amount.
Keep financial records and income proofs updated.Avoid frequent job changes before applying.Choose a co-applicant with a steady income.Compare multiple lenders before finalizing.
Home Loan Eligibility FAQs