Capri Home Finance Home Loan Eligibility Calculator

Buying a home is one of the most significant financial decisions in life. Before you start searching for your dream property, understanding how much you are eligible to borrow is crucial. This is where the Capri Home Finance Home Loan Eligibility Calculator comes into play. It allows you to estimate your maximum loan amount based on your income, age, employment type, credit score, and other financial obligations. Using this tool saves time, streamlines planning, and helps you make informed decisions when applying for a home loan.

What is Home Loan Eligibility?

Home loan eligibility refers to the maximum loan amount a bank or financial institution is willing to offer you based on various personal and financial factors. It is a pre-assessment that ensures you can comfortably repay the loan without financial strain.

Banks assess home loan eligibility to:

• Reduce the risk of loan default.
• Ensure the borrower’s income is sufficient to meet EMI obligations.
• Determine the loan-to-value (LTV) ratio and financial stability.
• Comply with regulatory requirements and internal risk policies.

In simpler terms, home loan eligibility is your financial "creditworthiness" in the eyes of a bank.

How to Use Capri Home Finance Home Loan Eligibility Calculator

Enter Your Monthly Income

• Salaried: Minimum ₹25,000
• Self-employed: Minimum ₹50,000

Provide Loan Details

• Desired loan tenure (up to 30 years)
• Interest rate (11.00% - 14.00%)

Input Personal Details

• Age: 23 years to 60 (salaried), 70 (self-employed)
• Employment type & required experience

Credit and Financial Information

• Credit score (600+)
• Existing EMIs & financial obligations (FOIR/DBR: 65-80%)

Click “Calculate” to get your eligible home loan amount.

Example:

Monthly salary: ₹50,000
Tenure: 20 years
Interest rate: 12%

The calculator will estimate a loan eligibility of approximately ₹40 lakh, depending on FOIR and other factors.

How is Home Loan Eligibility Calculated?

Eligibility depends on multiple factors such as:

• Income
• Age
• Employment type
• Credit score
• Existing financial obligations

Two major parameters are:

• FOIR (Fixed Obligation to Income Ratio): 65–80%
• LTV (Loan-to-Value Ratio): 60–80%

Step-by-Step Example:

Net monthly income: ₹50,000
FOIR: 70%
Maximum EMI: ₹35,000
Loan tenure: 20 years
Interest rate: 12%

Formula for Home Loan Eligibility

Eligibility = EMI × [(1 - (1 + r)^-n) / r]
  

Net Monthly Income: ₹50,000
FOIR: 70% → EMI = ₹35,000
Annual Rate: 12% → Monthly r = 1%
Tenure: 20 years → 240 months

Eligible Loan Amount ≈ ₹33.6 lakh

Key Factors That Affect Home Loan Eligibility

1. Income and Salary Level – Higher income = higher eligibility.
2. Age of the Applicant – Younger applicants get longer tenure.
3. Employment Type – Salaried are lower risk compared to self-employed.
4. Credit Score – 600+ required; higher score improves eligibility.
5. Property Value and Location – Affects LTV ratio.
6. Existing EMIs – Higher EMIs reduce eligibility.
7. Loan Tenure – Longer tenure increases eligibility.
8. Interest Rate – Higher rate reduces eligibility.

Home Loan Eligibility Criteria in India

Parameter	Criteria
Minimum Age	23 years
Maximum Age at Loan Maturity	60 (salaried), 70 (self-employed)
Minimum Income (Salaried)	₹25,000 per month
Minimum Income (Self-employed)	₹50,000 per month
Employment Experience	2 years salaried, 3 years self-employed
Minimum Credit Score	600+
LTV Ratio	60-80%
FOIR / DBR	65-80%

Benefits of Using a Home Loan Eligibility Calculator

• Quick and accurate assessment
• Saves time and effort
• Helps plan finances and EMIs
• Shows Capri-specific eligibility differences

Tips to Improve Your Home Loan Eligibility

• Improve credit score by timely EMI/bill payments.
• Clear existing debts to reduce FOIR.
• Opt for a joint loan to boost income.
• Choose a longer tenure to reduce EMI.
• Show additional income sources.
• Maintain stable employment history.

Home Loan Eligibility Based on Credit Score

Credit Score	Eligibility Impact	Recommendation
750+	High loan eligibility, low interest	Apply directly
650–749	Moderate eligibility	Improve score if possible
600–649	Low eligibility, high interest	Consider co-applicant
<600	Likely rejection	Improve credit score first

Home Loan Eligibility vs EMI – Difference Explained

Factor	Home Loan Eligibility	EMI
Definition	Maximum loan bank offers	Monthly repayment amount
Based On	Income, age, credit score, FOIR	Loan amount, tenure, interest rate
Purpose	Pre-loan planning	Repayment planning
User Focus	How much loan you can get	Your monthly outflow

Documents Required for Home Loan Eligibility

• Identity Proof: PAN, Aadhaar, Passport
• Address Proof: Utility bills, Rent Agreement, Passport
• Income Proof: Salary slips, ITR, Form 16, Balance Sheet (self-employed)
• Employment Proof: Offer Letter, Employment Certificate
• Property Documents: Sale Agreement, NOC, Title Deed, Encumbrance Certificate