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Will the bank approve your dream house? Calculate exactly how much loan you qualify for based on your net salary, existing car loans, and RBI's stringent FOIR limits.
Banks look strictly at in-hand salary, ignoring variable bonuses and reimbursements.
Maximum Loan Eligibility
₹69,13,850
What the bank will approve
Maximum New EMI
₹60,000
Your exact borrowing capacity limit
* Regulatory limit: Bank assumes 50% of your income is strictly required for living expenses (food, rent, family). The remaining 50% is your "FOIR Limit", which must cover ALL your debts combined.
Eligibility is determined by running the standard EMI formula in reverse using the Fixed Obligations to Income Ratio (FOIR).
Once the Max EMI is extracted, we solve for Principal (Loan Amount) spanning the requested Tenure.
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Book Free ConsultationBanks operate on strict, unbreakable algebraic rules. Understanding FOIR and LTV allows you to predict your exact approval amount before the bank even runs your file.
If you want a ₹1 Crore loan but your salary only qualifies for ₹60L, adding your earning spouse as a co-applicant aggregates both your salaries into a single supersized FOIR bucket, instantly unlocking the required amount.
A brutal hack used to force higher approvals is choosing the absolute maximum 30-year tenure to reduce the calculated EMI, unlocking a much higher loan limit. Once approved, you simply overpay the EMIs manually every month to close it in 15 years anyway.
Even a tiny ₹5,000 EMI for an iPhone drastically slashes your Home Loan eligibility by nearly ₹6 Lakhs (due to FOIR scaling). Pre-close all minor EMIs and credit card EMIs before initiating your home loan application.
RBI LTV Limits: For loans up to ₹30L, max LTV is 90%. For ₹30-75L, max is 80%. Above ₹75L, max is 75%. These caps determine your minimum down payment.
FOIR Standards: Most banks cap FOIR at 50-60% of net income. Premium salaried professionals (doctors, CA, IAS) may get relaxed FOIR limits up to 65%.
Disclaimer: Eligibility calculations are indicative estimates. Actual eligibility depends on CIBIL score, employer category, property type, and individual bank policies.
Know your eligibility. Now plan your EMI and taxes: