Home loan eligibility estimate

How this estimate works

Available EMI = max(0, income × debt-service share − existing EMIs). Invert the EMI formula, then cap by property LTV and the entered retirement horizon.

This tool separates repayment capacity from property security. An income-based estimate can look comfortable while the property valuation restricts the loan. Conversely, a valuable property does not remove the need to demonstrate regular income. Enter take-home income, existing instalments and the property valuation you want to test. Keep the asking price and a lender valuation distinct if they differ.

The debt-service share is your editable assumption. It is not a universal regulatory income rule or a lender commitment. The calculator subtracts existing instalments from that share of monthly income and converts the remainder into principal using the entered rate and tenure. It shortens tenure where the retirement age you enter comes earlier. An exhausted retirement horizon produces a zero borrowing estimate, with the reason visible.

The property cap uses the published loan-amount brackets described in the linked RBI housing reference. The bracket belongs to the borrowing amount, rather than simply the purchase price. The tool uses the same bracket arithmetic as the existing Showcasia domain module. The current consolidated directions and your lender category still need checking before relying on a lending limit. Lenders may set stricter margins.

Sensitivity rows repeat the exercise at higher rates. They show how repayment capacity can change without assuming a salary increase. These are stress scenarios rather than forecasts of policy rates. Actual assessment also considers income evidence, employment continuity, co-borrowers, existing commitments, credit history and the property documents. Take the result to a lender as a discussion aid, and keep enough cash for transaction costs outside the borrowing estimate.

Include commitments that will continue after the purchase, and avoid counting irregular receipts as dependable monthly income. A co-applicant may change a lender’s assessment, but combining household income also creates shared repayment responsibilities. Use a separate scenario for that possibility and ask how the lender treats each income source. Neither a property search nor this calculation creates a credit enquiry.

Sources and limits

• Published housing LTV reference: loan up to ₹30 lakh, 90%; above ₹30 lakh through ₹75 lakh, 80%; above ₹75 lakh, 75%. Lenders can lend less. The current consolidation requires a lender check. Reserve Bank of India, checked 2026-11-12. Effective basis: 2025-04-01.
• Current commercial-bank credit directions entry, updated October 2026. Confirm the operative requirements with your lender before relying on the planning reference. Reserve Bank of India, checked 2026-11-12. Effective basis: 2026-10-01.

Questions about this tool

This is general information, not legal, tax or financial advice. Check with a qualified professional for your case.

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