Home Loan Eligibility Calculator

The amount of home loan you are eligible for depends on factors like your occupation (whether you are salaried/ self-employed), your income, the interest rate charged by the bank and the tenure of the loan. As you will discover, the interest rate on the loan not only influences how much EMI you will pay each month but also influences the loan amount you are eligible for. An interest rate fall can often make that dream home within reach. Also, as you increase your loan tenure, your eligibility increases as well - but there is a limit. Most banks would not do a loan for more than 20 year tenure and also it is imperative that you are no more than 58 years as of the date of last EMI payment. Also, the maximum loan to value ratio is typically maintained by most banks at about 75% to 85% (where the value is the property value + stamp duty + registration).

To find out exactly how much loan amount you are eligible for, salaried applicants may use use our simple home loan eligibility calculator below.

(Self-employed applicants may find our advanced home loan eligibility calculator for self-employed more useful).

Note: All calculators and comparators are made based on certain assumptions which may not be true in your case. You should consult your personal financial advisor before taking any decision. Apnaloan disclaims any responsibility for any decision taken based on these calculators and comparators.