Home Loan Eligibility Calculator
Gross Income (Monthly)
₹
₹ 10 K
₹ 1 Cr
Tenure (Years)
1 Y
30 Y
Interest Rate (% P.A.)
%
1%
30 %
Other EMIS (Monthly)
₹
₹ 0
₹ 1 Cr
Your Home Loan Eligibility
₹ 20,00,000
Your Home Loan EMI will be
1000/- Per Month
Home Loan Eligibility Calculator !
Gross Income (Monthly)
₹
₹ 10 K
₹ 1 Cr
Tenure (Years)
1 Y
30 Y
Interest Rate (% P.A.)
%
1%
30 %
Other EMIS (Monthly)
₹
₹ 0
₹ 1 Cr
Your Home Loan Eligibility
₹ 20,00,000
Your Home Loan EMI will be
1000/- Per Month
Disclaimer:
The above calculations are for the understanding purpose of a standard case. Every lending institution uses its own method to calculate eligibility, hence you are requested to consult with bank officials or our executives for knowing your loan eligibility as per your exact requirements. HomeBazaar.com does not guarantee exact Home Loan Eligibility through this tool.
Home Loan Eligibility FAQs
Frequently Asked Questions
What is Home Loan Eligibility?
Home Loan Eligibility is the basis on which banks or financial institutions decide whether the applicant is capable of borrowing & repaying the home loan amount.
How much loan can I avail?
The home loan amount you get depends on various factors such as your age, monthly income, CIBIL credit score, loan tenure, property value, etc. You may use our home loan eligibility calculator to get an estimate of the same.
How is Home Loan Eligibility calculated?
Banks first consider your monthly salary, other sources of income, credit score, loan tenure, debts repayable, and other financial factors. These details are then input into an online calculator to determine the home loan amount you are eligible for.
How to improve Home Loan Eligibility?
You can improve your home loan eligibility by paying your credit card bills on time, clearing existing loans, getting a CIBIL score above 750, and opting for a joint home loan.