Home Loan Eligibility Calculator — Based on Your Monthly Salary

Lenders use a metric called the Fixed Obligation to Income Ratio (Debt-to-Income limit). Generally, they mandate that your total monthly EMI commitments (including the new loan and any existing loans) should not exceed 50% to 60% of your net take-home salary.

Yes, significantly. Every rupee you pay toward an existing EMI is deducted from your maximum affordable EMI limit. If you plan to buy a home, it is often advisable to clear small personal loans or credit card EMIs first to maximize your home loan limit.

You can dramatically increase your eligibility by:

• Adding a co-applicant (like a working spouse or parent) to combine incomes.
• Opting for a longer loan tenure (e.g., 30 years instead of 20), which lowers the monthly EMI.
• Closing existing short-term loans before applying.

Most prime lenders only consider your fixed, consistent monthly net take-home pay. Variable components like annual bonuses, overtime, or volatile incentives are often excluded or given only partial weight (usually averaged over 12 months) when determining fixed eligibility.