How does the calculator work?
- EMI room = monthly income × FOIR − EMIs you already pay. FOIR is the share of income a bank lets go to all EMIs.
- Income limit = the loan that EMI room can repay at your rate and years: EMI × ((1 + r)n − 1) ÷ (r × (1 + r)n), where r is the monthly rate and n the number of months.
- Property limit = property value × LTV. For home loans, the RBI cap below is also applied.
- Your loan = the lower of the income limit and the property limit.
Worked example
Income ₹12 lakh a month, FOIR 60%, old EMIs ₹2 lakh: EMI room = ₹7.2 lakh − ₹2 lakh = ₹5.2 lakh. At 10% for 15 years, that repays about ₹4.84 crore. Property ₹8 crore × 60% = ₹4.80 crore. The lower one wins, so the estimate is ₹4.80 crore and the property value decides.
What is the RBI limit on home loans?
For a home loan, RBI sets the most a bank can lend against the home's value:
| Loan size | Most the bank can lend |
|---|---|
| Up to ₹30 lakh | 90% of value |
| ₹30 lakh to ₹75 lakh | 80% of value |
| Above ₹75 lakh | 75% of value |
Stamp duty and registration are not counted in the value (except for homes up to ₹10 lakh). Source: RBI Master Circular on Housing Finance, checked 1 Nov 2026. A loan against property has no single RBI percentage; each bank sets its own. Pick "Home loan" above and the calculator uses these limits.
How do you raise the limit that's holding you back?
- If income is the constraint: close small high-EMI loans, add a co-applicant, extend tenure, or consider a lender programme (gross receipts, banking surrogate, GST) — see alternate income programmes.
- If property is the constraint: offer an additional property, choose a lender with higher LTV for your property type, or fix approval/deviation issues that reduce valuation.
Want a plain read of your real numbers? WhatsApp +91 94450 93336. This is not a loan approval.
Formula reviewed by CA Jitendraa Rathi (ICAI 217936). Rough estimate, not a loan approval. Sources.
Illustrative only. Published home-style LTV examples (about 60% on ₹1–5 crore personal LAP) are on SBI LAP (checked 28 Oct 2026). Your bank’s letter decides.
Written and reviewed by CA Jitendraa Rathi, Chartered Accountant (CA membership number 217936) · Ex-banker, 20 years of experience in credit and lending · LinkedInLast reviewed · Expert review: CA Jitendraa Rathi (ICAI 217936)
Frequently asked questions
Why is my eligible amount limited by property value?
Lenders cap the loan at a percentage of the property market value (LTV). Even with high income, the loan cannot exceed that cap. The sanctioned amount is the lower of the income-based and property-based limits.
What Fixed Obligation to Income Ratio (FOIR) should I enter?
Lenders commonly use about 50–70% depending on income level, product and profile. Try 60% as a middle estimate and compare.
What income should I enter?
Use eligible monthly income: annual net profit as per ITR plus depreciation and other add-backs your lender permits, divided by 12. Add documented co-applicant income if applicable.