Free home loan eligibility calculator, no signup
Enter your monthly income and existing EMIs to see the loan a bank may offer and a safer amount. It is free, with no signup, no login and no app to install.
- ₹39,974
- Principal amount
- ₹50,00,000
- Total interest
- ₹45,93,875
- Total amount
- ₹95,93,875
You'll pay ₹45.94 L interest on a ₹50 L loan.
Runs in your browser. No login, and we don't store your numbers.
You could borrow up to
₹62.54 L
Banks usually cap all EMIs at about half your take-home pay.
What if…
One prepayment or a 0.5% rate change can move your interest by lakhs. Try one.
· Add a one-time payment or an extra monthly amount to see the saving.
Worth knowing
For every ₹1 you borrow, you pay back ₹0.92 in interest.
In year 12, more of your EMI starts going to the loan than to interest.
Pay one extra EMI a year and you save ₹7.8 L and finish 3 years early.
Banks use the standard reducing-balance formula:
EMI = P × r × (1+r)n / ((1+r)n − 1)
P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
With your numbers
- P = ₹50,00,000
- r = 7.4% ÷ 12 ÷ 100 = 0.006167
- n = 240 months
- EMI = ₹39,974
Each month interest is charged on what you still owe. That is why early EMIs are mostly interest.
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What is free here
- No signup
- No login
- Unlimited use
- API and MCP server included
- No ads wall
Common questions
- How do I check my home loan eligibility?
- Enter your monthly take-home income, any EMIs you already pay, the rate and the tenure. The calculator shows the maximum EMI and loan a bank may allow, and a safer 40% figure.
- Is there a limit on how many times I can use it?
- No. Use it as many times as you like, with no signup and no login.
- Is this free? Do I need to sign up?
- Yes, it is free. No signup, no login, no app install. The API and MCP server are free too.