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About this tool
Maximum loan you can get from take-home salary using common FOIR bands, plus the RBI loan-to-value ceiling on housing loans.
Loan eligibility from salary is set by the fixed obligation to income ratio: the share of your net monthly income a lender will let all EMIs consume, commonly 40% to 55% depending on how much you take home. This calculator turns that ceiling into a maximum EMI, converts the EMI into a loan amount with the present-value-of-an-annuity formula, and for home loans applies the RBI loan-to-value ladder of 90% up to Rs 30 lakh, 80% up to Rs 75 lakh and 75% above that. The result is the smaller of the two ceilings, which is what a bank would actually sanction.
Open Loan Eligibility from Salary Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Income capacity and the RBI loan-to-value ladder are applied together, and the result says which one binds.
The loan is the present value of the maximum EMI at your rate and tenure, not a rough multiple of salary.
You see what is left each month after every EMI, which is the number that decides whether the loan is comfortable.
FOIR is total EMIs divided by net monthly income. Indian lenders commonly allow around 40% at incomes up to Rs 30,000 a month, 45% up to Rs 50,000, 50% up to Rs 1 lakh and 55% above that. It is credit policy set by each bank, not a regulatory limit, so a strong profile can get more.
At a 50% FOIR with no existing EMIs the ceiling is Rs 25,000 a month, which supports roughly Rs 29 lakh at 8.5% over 20 years. Add existing EMIs and the eligible amount falls rupee for rupee against that Rs 25,000 ceiling.
The RBI loan-to-value ceilings are 90% for loans up to Rs 30 lakh, 80% for loans above Rs 30 lakh and up to Rs 75 lakh, and 75% above Rs 75 lakh. Stamp duty, registration and documentation charges are excluded from the property value for this purpose, so budget for those separately.
Yes, when the co-applicant has assessable income, because their income is added before the FOIR is applied. Lenders usually require the co-applicant to be a co-owner of the property for a housing loan; the exact treatment varies by bank, so confirm before applying.
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