Home Loan Eligibility Calculator
Find out how much home loan you can get based on your income and existing EMIs. Free home loan eligibility calculator. Get pre-approved with Consulting Cart.
About the Home Loan Eligibility Calculator
Before you start house-hunting in Mumbai, know your budget. Our home loan eligibility calculator estimates the loan amount you can get based on your income, existing EMIs and the rate and tenure.
It uses the standard FOIR rule (EMIs up to ~50% of income). For an exact, lender-confirmed figure, Consulting Cart gets you pre-approved across 50+ banks.
How to use this calculator
- Enter your net monthly income and any existing EMIs.
- Set the expected interest rate and tenure.
- See your estimated eligible loan amount and maximum affordable EMI.
Formula used
Eligible loan = Max EMI × [(1+r)^n − 1] / [r × (1+r)^n]
Home Loan Eligibility Calculator — FAQs
Lenders cap your total EMIs at around 50% of net income (FOIR). Eligibility is the loan whose EMI fits that limit at the given rate and tenure.
Add a co-applicant, choose a longer tenure, clear existing loans, or improve your credit score. We advise on the best route for you.
It's an estimate. The final amount depends on the lender's policy, property valuation and documents — which we help finalise.
From numbers to a real plan.
You've seen the math. Now let a Consulting Cart expert in Mumbai help you act on it — free consultation.