Your finances
Take-home pay after tax and deductions.
Car loans, personal loans, other ongoing EMIs.
Eligible loan amount
₹46.09 L
at 8.50% over 20 years
Max affordable EMI₹40,000
Eligible loan₹46,09,234
Property budget (~80% LTV)₹57,61,542
Based on a 50% FOIR (share of income available for EMIs). Actual eligibility varies by lender, credit score, employment type, age, and co-applicant income. This is a planning estimate, not a loan offer.
How lenders decide your home loan eligibility
Lenders cap your total monthly loan repayments at a percentage of your net income — typically around 50%, known as the FOIR (Fixed Obligation to Income Ratio). They subtract your existing EMIs from that ceiling to find how much you can put toward a new home-loan EMI, then work backward to the maximum loan that EMI can support over your chosen tenure.
Beyond income, your credit score, age, employment stability, and whether you add a co-applicant all influence the final sanctioned amount. Adding an earning co-applicant — often a spouse — is one of the most effective ways to raise eligibility.
Frequently asked questions
How can I increase my loan eligibility?
Add a co-applicant with income, close or reduce existing EMIs, choose a longer tenure, or improve your credit score. Each lifts the loan you can support.
What is LTV, and why is my property budget higher than my loan?
Loan-to-Value is the share of the property price a lender will fund — usually 75–90%. The rest is your down payment. The "property budget" above assumes an 80% loan, so it's higher than the loan amount.
Is this an approved loan amount?
No — it's an indicative estimate to help you plan. Final sanction depends on lender verification of your income, documents, and credit profile.
Ready to find the right property?
Talk to a Jumbo Realty advisor — RERA-registered, Chennai-wide, no obligation.