Home Loan Eligibility Calculator

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Net income (monthly)

₹

Monthly obligations

₹

Rate of interest

Tenure

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You are eligible for a Home Loan upto

Total loan amount

EMI

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

What is a Home Loan Eligibility Calculator?

The home loan eligibility criteria may vary from one lending institution to another, and hence, you must check your housing loan eligibility carefully before applying for it.

The easiest way to check home loan eligibility is using a home loan eligibility calculator. With Tata Capital Home Loan Eligibility Calculator, you can check if you’re eligible to borrow a home loan with us and if yes, then the maximum home loan amount you can borrow. All that you have to do is enter a few basic details in the home loan eligibility calculator, and we will display your maximum home loan eligibility within a few seconds.

Check Eligibility

How to Use a Home Loan Eligibility Calculator?

At Tata Capital, we provide home loans with easy eligibility criteria and minimal documentation. Our home loan eligibility calculator can help you evaluate your home loan eligibility with us in an effortless manner. To calculate home loan eligibility using our home eligibility calculator, you’re required to input the following details:

Net Monthly Income

Your net monthly income is your take-home salary after deducting the taxes and other deductions. If you’re a self-employed individual, you can calculate your net income by deducting the taxes and expenses from your gross income.

Monthly Obligations

The next value that you need to enter to calculate home loan eligibility is the sum of your monthly obligations. You can calculate your monthly obligations by adding the total amount that you pay every month as EMIs for other loans. Please note that statutory deductions such as PF, taxes, etc., and investments do not come under your monthly obligations.

Rate of Interest

Next, you will have to enter the rate of interest that would be charged on your housing loan. We can determine the best home loan interest rate for you based on your home loan eligibility. Our home loan interest rates start from just 8.70% per annum*.

Home Loan Tenure

Last, you will need to enter your home loan tenure to calculate house loan eligibility. Your home loan tenure is the duration within which you’re obligated to repay your entire home loan amount along with the applicable interest. With Tata Capital, you can choose a convenient home loan tenure of up to 30 years.

You can either use the sliders or type to enter these values directly in our home loan eligibility calculator. Once you enter these values, our housing loan eligibility calculator will instantly display the maximum home loan amount that you’re eligible to borrow from us and the EMI that you will have to pay per month at the selected rate of interest.

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Factors that Affect your Home Loan Eligibility

The home loan eligibility criteria may differ from one lending institution to another. Different lenders consider different factors to calculate the home loan eligibility of their applicants. Some common factors that can impact your home loan eligibility include:

Age

Lenders consider the age of the applicant as a crucial factor while determining their housing loan eligibility. Generally, younger applicants are granted high-value loans for longer tenures as compared to those who are nearing their retirement age.

Income

The applicant’s income is another crucial factor that determines their home loan eligibility. It reflects their ability to repay loan EMIs in time. Therefore, the higher an individual’s income, the greater will be the home loan amount he or she can procure.

Type of Employment

The employment status of the applicant and the type of employment have a lot of say on their home loan eligibility. Moreover, the home loan eligibility for salaried and self-employed individuals may also be different.

Credit Score or Payment History

The lenders evaluate the home loan eligibility of applicants based on their credit scores and payment history. The credit scores of applicants reflect how they have handled their past liabilities and loans. A high credit score of 750 or above helps in getting a home loan easily.

Qualification and Experience

The academic qualification and work experience of the applicant also matter when it comes to their home loan eligibility. Higher academic qualifications and impressive work experience increase their chances of getting a home loan.

At Tata Capital, we provide housing loans for both salaried and self-employed individuals with simple housing loan eligibility criteria. You can check your housing loan eligibility instantly by using our online home loan eligibility calculator.

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With Tata Capital, you can apply for a home loan for government employees in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for self-employed

With Tata Capital, you can apply for a home loan for self employed in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for women

With Tata Capital, you can apply for a home loan for women in a few easy steps and get housing finance at competitive interest rates.

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What our customers say about us

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 March, 2022

The submission of my home loan application was very simple and easy. Even the documentation process was very simple and ended in very less time.

Yukta Jaiswal

Home Loan | 11 March, 2022

The customer support service is good as they responded to my queries without any wait time. With their help, my home loan was approved in very less time.

Rashmi Singhania

Home Loan | 28 February, 2022

I got my home loan approved from Tata Capital. The reason behind going with Tata Capital home loan is they were offering home loan at best price and zero processing fee.

Aman Malik

Home Loan | 18 February, 2022

The rate of interest is moderate. Pre closure is applicable but there is locking period. Their customer service is very good.

Amiya Ranjan Swain

Home Loan | 20 October, 2021

The home loan was sanctioned on time and I easily uploaded the documents through online.

Rajesh Jain

Home Loan | 20 October, 2021

Interest rate is a bit high when I compared to Government banks, but processing time and charges for my home loan were less. Loan was sanctioned soon as well.

Manoj Kumar Mishra

Home Loan | 20 October, 2021

The process for my housing loan was immediate. Interest rates were normal at X%. The documentation process was hassle free. What else can I expect!?

Kundan Meher

Home Loan | 20 October, 2021

The processing fee was nominal for my home loan. It was processed hassle free. I am satisfied with the service.

Sridhar Pillai

Home Loan | 20 October, 2021

Popular FAQs

A home loan eligibility calculator allows you to check whether you can avail of a home loan from a lender or not. You can also use it to know the maximum home loan amount that you can borrow and the EMIs that you need to pay for it. Different lenders have different eligibility criteria for home loans, and their home loan eligibility calculators are designed to function accordingly. Below are the steps to use Tata Capital’s home loan eligibility calculator:

Step 1 - Enter your net monthly income.

Step 2 - Enter your current monthly obligations. You must include your necessary monthly expenses, insurance premiums, loan EMIs, etc., to calculate your monthly obligations.

Step 3 - Enter the rate of interest applicable to your home loan. At Tata Capital, home loan interest rates start from 8.70%.

Step 4 - Enter your home loan tenure in years or months. With Tata Capital, you can take a home loan with a tenure of up to 30 years.

You can enter these values using the slider or typing directly in the relevant boxes. As soon as you enter these values, the total home loan amount you can borrow and the EMI you need to pay for it will be displayed on your screen.

Our home loan eligibility calculator is designed to provide accurate results. Based on the values entered by you in the calculator, it will show the total home loan amount you can borrow from us. This estimation is based on your monthly income, monthly obligations, and other factors. You can also qualify for a higher loan amount, but the final decision lies with Tata Capital.

A home loan eligibility calculator can help you determine your eligibility for a home loan instantly. There is no limit on the number of times you can use it. However, it makes no sense to use it at very frequent intervals. Ideally, if you have checked your home loan eligibility today, you should wait for at least six months before doing it again. You can also wait till your salary or income increases.

Before applying for a home loan, it’s prudent to check your eligibility. Applying for a loan that gets rejected damages your credit score and bring down your chances of getting a loan in the future. You can check your home loan eligibility online using a home loan eligibility calculator. These calculators are easy to use and are available for free on the websites of various lenders. All you need to do is enter the required values in the calculator, and it will show your home loan eligibility instantly.

With Tata Capital’s home loan eligibility calculator, you can know your home loan eligibility and the maximum loan amount you can borrow within a few seconds. All you need to do is enter your monthly income, monthly obligations, home loan interest rate, and the tenure for which you want to take a home loan, and your home loan eligibility will be displayed automatically.

A home loan eligibility calculator is designed to determine your eligibility for borrowing a home loan and the maximum loan amount you can borrow from a lender. However, it cannot tell you about the interest rate that will be levied on your home loan. It is decided by the lender based on your loan amount, age, monthly income, employment status, credit score, and several other factors.

You can get in touch with the lender’s customer support team to know your exact home loan interest rate. With Tata Capital, you can get a home loan at a highly competitive interest rate, starting from just 8.70% per annum.

Your monthly income or salary plays a crucial role in determining your home loan eligibility. Lenders look at your monthly income to evaluate how much EMI you can pay and determine your home loan eligibility accordingly.

For example, if you are seeking a home loan of Rs. 40 lakh at 9% per annum for a tenure of 20 years, your EMIs would be around Rs. 36,000. Thus, you need to have a monthly salary of at least Rs. 50,000 to secure this loan.

It means that if your in-hand salary is on the higher side, you can get a better home loan deal, and if it is on the lower side, you may face difficulties in procuring a home loan. Usually, lenders ask for a minimum salary of Rs. 30,000 for providing home loans in India.

A home loan eligibility calculator and a home loan EMI calculator are two distinct tools meant for two different purposes. You can use it to determine your eligibility for taking a home loan from a lender and the maximum home loan amount you can borrow. On the other hand, a home loan EMI calculator can be used to know the EMIs you need to pay for the repayment of your home loan.

Your age is an important factor that determines your home loan eligibility. If you are a salaried individual, you need to be aged between 18 and 60 years to get a home loan. Or else, if you are self-employed, you need to be aged between 18 and 65 years to get a home loan. These criteria can, however, vary from one lender to another. Generally, younger individuals have better chances of securing a home loan deal as compared to those who are nearing their retirement.

Find the right Loan for you

Affordable Housing Loan

At Tata Capital, we believe that every single person, regardless of their financial background, deserves a home to call their own.

With this vision, Tata Capital Housing Finance offers affordable home loans at competitive interest rates.

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As the years go by and your family continues to grow, does your house feel smaller?

Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.

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Home Loan for Self-Construction

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick.

A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

Know More

Home Loan Top-up

A home loan top-up is a facility offered by lenders under which a borrower can take an additional loan over and above their existing home loan.

The home loan top-up facility is available only for existing home loan borrowers without the need for any additional security or guarantee.

Know More

Home Loan Overdraft

At times, you may need additional funds to tackle your personal or business expenses.

With Tata Capital’s home loan overdraft facility, you can avail of a home overdraft loan limit of up to Rs. 2 crores. You can withdraw funds from this overdraft housing loan limit as per your needs and then pay it back at your convenience.

Know More

Quick Cash

Quick Cash loan is a unique Pre-Approved personal finance top-up linked to your existing Tata Capital Housing Finance Limited (TCHFL) loans. This loan is only for existing TCHFL Home Loan and Home Equity customers.

Apart from its unique features, it also offers other advantages such as faster processing, and a paperless journey, notwithstanding that all this could be availed in just a few clicks at your convenience any day 24*7.

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Balance Transfer

A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender.

With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates. Our home loan interest rates start from just 8.70% per annum*.

Know More

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Home Loan Eligibility Calculator

Net income (monthly)

Monthly obligations

Rate of interest

Tenure

Tenure

Congratulations!

What is a Home Loan Eligibility Calculator?

How to Use a Home Loan Eligibility Calculator?

Net Monthly Income

Monthly Obligations

Rate of Interest

Home Loan Tenure

Avail TATA Capital loans directly from WhatsApp

Factors that Affect your Home Loan Eligibility

Age

Income

Type of Employment

Credit Score or Payment History

Qualification and Experience

More Home Loan products for you

Home Loan for government employees

Home Loan for self-employed

Home Loan for women

What our customers say about us

Sumeet Verma

Yukta Jaiswal

Rashmi Singhania

Aman Malik

Amiya Ranjan Swain

Rajesh Jain

Manoj Kumar Mishra

Kundan Meher

Sridhar Pillai

Popular FAQs

Find the right Loan for you

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Home Loan for Self-Construction

Home Loan Top-up

Home Loan Overdraft

Quick Cash

Balance Transfer

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