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Home loan eligibility calculator for India

Income, EMI and loan-to-value, reference figures checked on 4 November 2026 against the Reserve Bank of India.

In short

With ₹1,00,000 of monthly surplus income, no other loan and 55% of it going to the EMI, a household can repay ₹55,000 a month: at 7.68% over 20 years that is a loan of about ₹67.35 lakh, enough for a home of up to ₹84.19 lakh under the RBI 80% loan-to-value cap. The RBI sets no fixed share of income for EMIs: each lender sets its own, so ask yours for its ratio and the income it applies it to.

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Calculate how much you can borrow

Change any field: the loan and the price are recalculated instantly.

Monthly surplus income in ₹, net income less regular household expenses

Existing EMIs ₹ a month, other loans

Share of income for EMIs % (your lender's ratio)

Interest rate % a year

Tenure years

State, for stamp duty optional

EMI you can pay₹55,000

Maximum loan₹67,34,953 (₹67.35 lakh)

RBI loan-to-value cap for that loan80%

Highest property price₹84,18,691 (₹84.19 lakh)

Down payment at that price₹16,83,738

Stamp duty and registrationnot computed

Cash needed (down payment + charges)₹16,83,738 + charges not computed

Stamp duty and registration: computed only for the states whose official rates Payotte could read; choose one, or check the rate with your state's registration department.

Formula: EMI you can pay = surplus income × share − existing EMIs; maximum loan = the loan that EMI repays at the rate over the tenure (reducing balance); highest price = loan ÷ RBI loan-to-value cap of the loan's size (90% up to ₹30 lakh, 80% above ₹30 lakh up to ₹75 lakh, 75% above ₹75 lakh). The default share, 55%, is the low end of the 55-60% of disposable income that the RBI's FAQ says a bank typically assumes; some banks apply their ratio to gross income instead. Not included: your age and the maximum tenure your lender allows, your credit score, processing fees, insurance, GST on an under-construction home, and the lender's own valuation of the property.

Maximum loan and price at 7.68%, by income and tenure

Monthly surplus income	15 years: loan / price	20 years: loan / price	30 years: loan / price
₹50,000	₹29.34 lakh / ₹32.6 lakh	₹33.67 lakh / ₹42.09 lakh	₹38.65 lakh / ₹48.31 lakh
₹1,00,000	₹58.68 lakh / ₹73.35 lakh	₹67.35 lakh / ₹84.19 lakh	₹77.29 lakh / ₹1.03 crore
₹2,00,000	₹1.17 crore / ₹1.56 crore	₹1.35 crore / ₹1.8 crore	₹1.55 crore / ₹2.06 crore

55% of the income goes to the EMI, no other loan, at the RBI weighted average lending rate on fresh housing loans (September 2026, provisional). Price = loan ÷ the RBI loan-to-value cap; stamp duty and registration come on top and are paid from your own funds.

Before you apply for a loan

General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.

Sources

RBI, FAQs on housing loans (Common person FAQ, “How will your bank decide your home loan eligibility?”) (consulted 18 October 2026): “Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan.”
Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025, RBI/DOR/2025-26/154, updated as on 1 October 2026, paragraphs 111 (B.6 Quantum of Loan) and 113 (consulted 18 October 2026). The Directions set no ratio of EMI to income.
RBI, Lending and Deposit Rates of Scheduled Commercial Banks – October 2026, Table 9 (Sector-wise WALR, fresh rupee loans sanctioned, Housing) (data file)
Stamp duty and registration: the state sources listed on the stamp duty calculator. Not computed: Andhra Pradesh, Bihar, Delhi, Goa, Gujarat, Haryana, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal and the other states.