Enter your income and existing obligations — find out exactly how much loan you are eligible for and what EMI you can afford.
Fixed Obligation to Income Ratio (FOIR) is the metric banks use to determine how much of your monthly income is already committed to loan repayments. Most Indian banks cap FOIR at 50% — meaning your total EMI obligations (existing + new loan) should not exceed 50% of your net monthly income. High-income borrowers (above ₹1 lakh/month) may be eligible for FOIR up to 60–65% at some banks. If your FOIR exceeds the limit, the bank will reduce the sanctioned loan amount until the combined EMI falls within the allowed ratio.
Beyond FOIR, banks assess your credit score (CIBIL score of 750+ typically qualifies for the best rates), employment type (salaried employees at established companies qualify more easily than self-employed individuals), employment stability (minimum 2 years with the current employer is preferred), age (loan tenure cannot extend past age 60–65), and the property's value and location. The loan-to-value (LTV) ratio means most banks finance only 75–90% of the property value — you must arrange the balance as a down payment.
Add a co-applicant (spouse or parent) — combined income increases the eligible loan amount proportionally. Pre-close or foreclose existing loans before applying — reducing existing EMIs directly increases available FOIR. Improve your CIBIL score by paying all EMIs and credit card bills on time for 6+ months — moving from 680 to 750+ can unlock better rates and higher eligibility. Opt for a longer tenure — a 25-year term yields a higher loan amount than a 15-year term at the same EMI, though total interest paid increases significantly.