Use our advanced Home Loan Eligibility Calculator to quickly check how much home loan you can get based on your income, age, CIBIL score, and loan tenure. This smart tool helps you determine your maximum eligible loan amount, expected EMI, and interest rate based on credit score. Whether you’re planning to buy a new house or renovate your existing one, this calculator provides accurate results as per your profile.
✅ Key Features:
- Easy-to-use Home Loan Eligibility Calculator
- Calculates loan amount based on CIBIL score and repayment capacity
- Includes EMI calculator with interest rate
- Supports up to 30 years loan tenure
- Special condition: Maximum repayment age is 70 years
- Option for House Renovation Loans (maximum 15 years tenure)
- User-friendly slider-based input for tenure and loan amount
- Instant result with eligible loan amount pop-up
- Download or print your results for future reference
💡 Who Can Use This Calculator?
This tool is ideal for:
- First-time home buyers
- Salaried individuals
- Self-employed borrowers
- Government/PSU employees
- Anyone planning a house purchase, construction, extension, or renovation
🧮 How to Use Home Loan Calculator Online?
- Enter your Gross Annual Salary
- Add any existing monthly EMIs
- Select your CIBIL score
- Enter your current age
- Choose loan tenure
- See your loan eligibility and EMI instantly
Home Loan Eligibility Calculator
Frequently Asked Questions (FAQs) – Home Loan Eligibility Calculator
1. What is a Home Loan Eligibility Calculator?
A Home Loan Eligibility Calculator is an online tool that helps you estimate the maximum loan amount you can borrow from a bank or financial institution based on factors like your income, age, CIBIL score, existing liabilities (EMIs), and loan tenure.
2. How is home loan eligibility calculated?
Home loan eligibility is generally calculated based on your income, existing monthly financial obligations, age, credit score (CIBIL score), and the repayment period. Most lenders calculate eligibility such that your total EMIs (including the proposed home loan EMI) should not exceed a fixed percentage (usually 50–60%) of your net monthly income.
3. Why is CIBIL score important for home loan eligibility?
Your CIBIL score reflects your creditworthiness. A higher score (750 and above) improves your chances of getting a home loan at a lower interest rate. Some banks offer preferential interest rates to borrowers with high CIBIL scores.
4. What is the minimum salary required to be eligible for a home loan?
Eligibility varies by lender, but most banks require a minimum monthly income of ₹25,000 to ₹30,000. However, your actual loan amount eligibility also depends on other factors like existing EMIs and tenure.
5. What is the maximum tenure allowed for a home loan?
Most banks offer a maximum home loan tenure of up to 30 years, provided the borrower’s age at the end of tenure does not exceed 70 years. For house renovation loans, the tenure is usually capped at 15 years.
6. Can I include my spouse’s income to increase my loan eligibility?
Yes, you can include your spouse’s or co-applicant’s income to enhance your home loan eligibility. This also allows you to opt for a higher loan amount or better repayment terms.
7. What should I do if I am not eligible for the loan amount I need?
You can try to:
- Increase the loan tenure
- Apply jointly with a co-applicant
- Pay off existing EMIs
- Improve your credit score
- Opt for a lower loan amount
8. Is the calculator result the final loan amount I will get?
No, the calculator gives an indicative loan amount. The final loan eligibility and sanction amount depend on the lender’s internal policies, property valuation, credit profile, documentation, and other factors.
9. Can self-employed individuals use this calculator?
Yes, self-employed individuals can use this calculator. However, the bank may evaluate income differently (based on ITRs, business income, or profit statements) when processing your application.
10. Is the Home Loan Eligibility Calculator free to use?
Yes, this tool is absolutely free to use and available online 24×7. You can use it multiple times to plan your finances better.