Home loan eligibility (FOIR)

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Quick answer

Max EMI ≈ monthly income × FOIR% − other EMIs. Eligible principal is solved from that EMI at your rate and tenure.

Symbol only — amounts are not converted.

Max EMI

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Illustrative loan principal

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EMI calculator$300k mortgage

What is a FOIR calculator for a home loan?

FOIR — Fixed Obligation to Income Ratio — is the percentage of your gross monthly income lenders assume can safely go toward loan EMIs without straining your budget. A FOIR calculator for a home loan takes that percentage, applies it to your income, subtracts EMIs you already pay elsewhere, and works out the maximum new home loan EMI — and from that, the loan principal — an illustrative FOIR-based estimate only, not what a lender will approve.

This matters most when you already carry a car loan, personal loan, or credit card debt: those existing obligations eat into the same FOIR ceiling as your future home loan EMI, which is why two applicants with identical income can get very different eligible loan amounts.

Not financial or tax advice. Figures are mathematical illustrations only. Real products add fees, taxes, and terms that change the result — confirm with your bank, CA, or official notice. Numbers are not uploaded to our servers for processing.

Frequently asked questions

What is FOIR?

Fixed Obligation to Income Ratio — the share of monthly income that can go to EMIs. Lenders often use roughly 40–55% depending on income and credit. This tool lets you set FOIR yourself.

How does a FOIR calculator work out home loan eligibility?

A FOIR calculator multiplies monthly income by a FOIR percentage to get a maximum EMI ceiling across all loans, then subtracts EMIs you already pay. The leftover EMI, at your rate and tenure, solves backward into an illustrative principal — not a bank offer or sanction.

What FOIR percentage do banks actually use?

Policies vary by lender, income band, and credit profile. Published ranges often sit around 40–55% for salaried applicants, sometimes lower for self-employed — treat those as rough context only. This calculator lets you set FOIR% yourself to see how the illustrative principal moves.

Is this the same number the bank will approve?

No — this is a private FOIR-style math estimate, not a bank sanction or pre-approval. Actual eligibility also weighs credit score, employer/business stability, collateral, and the lender’s policy.

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