Home Loan EMI & Eligibility Calculator India

Calculate exact EMI, total interest paid, and your loan eligibility based on salary. Compare tenures side-by-side with amortisation chart.

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🏠 Calculate EMI

Loan Amount (₹)

₹

Interest Rate (% per annum)

6%8.5%15%

Loan Tenure (Years)

5yr20 years30yr

Down Payment (₹)

₹

Banks fund max 80% of property value (LTV)

✅ Loan Eligibility Check

Monthly Gross Income (₹)

₹

Existing Monthly EMI Obligations (₹)

₹

Car loan, personal loan, credit card EMI etc.

FOIR (Fixed Obligation to Income Ratio)

40%45%55%

Most banks allow 40–50% of gross income as total EMI obligations

Interest Rate (%)

7%8.5%12%

Preferred Tenure (Years)

5yr20 years30yr

🏦

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Frequently Asked Questions

How is home loan EMI calculated?+

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1], where P = principal, R = monthly interest rate (annual rate ÷ 12), N = total months. Our calculator uses this standard formula.

What is FOIR and how does it affect my loan?+

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly gross income that all your EMIs can consume. Most banks cap this at 40–50%. If you already have other EMIs, your eligible home loan amount reduces accordingly.

What is the maximum LTV (Loan to Value) for home loans?+

As per RBI guidelines: 90% LTV for loans up to ₹30L, 80% for ₹30–75L, and 75% for loans above ₹75L. The down payment is the remaining percentage you pay from your own funds.