Home Loan EMI and Eligibility Calculator
Work out the EMI, what the loan really costs over its life, and how much a bank is likely to lend you against your income.
These are approximate numbers worked out from what you entered. For an exact, government approved valuation report that a bank, court, tax officer or embassy will accept, talk to us.
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Two tests, not one
Every home loan is decided twice. The bank asks whether you can afford the repayments, and it asks whether the property is worth enough to secure the money.
Most calculators only answer the first. Borrowers therefore arrive at the branch confident about their income and get surprised by the second, which is the one they have no visibility into.
What the bank does with your income
It adds up every monthly obligation you already carry, including car loans, personal loans and credit card minimums, then checks what proportion of your net income the new EMI would take with them.
Around half of net income is the usual working limit for a salaried borrower, sometimes a little more at higher incomes and a little less at lower ones. Existing loans eat into that before the new one is even considered, which is why clearing a small personal loan can unlock a much larger home loan.
What the bank does with the property
It sends a panel valuer. That valuer produces a market value and, in most bank formats, a forced sale value, which is what the property would fetch if the bank had to sell it quickly.
The loan is then a percentage of that valuation. Broadly, banks lend up to 90 percent on small loans, 80 percent in the middle range and 75 percent on large ones. The percentage is applied to the lower of the valuation and the agreed price.
So a valuation below your agreed price directly reduces your loan, and the shortfall has to come out of your own pocket at short notice. Here is why bank valuations come in low.
The costs you cannot borrow
Stamp duty and registration, which in some states is over 10 percent of the price. Brokerage. Legal and processing fees. Society transfer charges. Any furniture or fit out.
None of that is normally lent against. Buyers who counted the deposit but not the duty are the most common category of stuck transaction we see.
Where a valuation before you apply helps
If you know what the property will actually value at before you sign the agreement, you can negotiate on that basis, arrange the shortfall calmly, or walk away.
Finding out after the agreement, with a deposit already paid, is a much worse position. A pre application valuation is inexpensive relative to what it protects.
Questions people ask us
- How much loan will a bank give against a property?
Broadly up to 90 percent for small loans, 80 percent in the middle range and 75 percent for large ones, applied to the lower of the bank valuation and the agreed price. Your income then caps it further.
- Can stamp duty be included in the loan?
Generally not. Stamp duty, registration, brokerage and legal fees are expected from your own funds, which is why the real deposit needed is well above the headline margin.
- What happens if the bank valuation is below my agreed price?
The loan is calculated on the lower figure, so you fund the difference yourself. Knowing the likely valuation before you sign is the way to avoid that, which is why owners order a valuation before applying.
- Does a longer tenure really help?
It lowers the EMI and therefore helps eligibility, but it raises total interest substantially. This calculator shows both numbers so you can see the trade rather than only the monthly figure.
Checked by Parish Rao, Chartered Engineer and Government Approved Valuer.
Page last checked on 27 August 2026.