HDFC Bank Home Loan Eligibility Calculator

Buying a home is one of the biggest financial milestones in life, and a home loan often makes this dream achievable. But before applying for a home loan with HDFC Bank, it’s important to know whether you qualify for the desired loan amount. This is where the HDFC Bank Home Loan Eligibility Calculator helps.

A home loan eligibility calculator shows the maximum loan amount you can borrow based on income, age, credit score, and other factors. Checking eligibility in advance helps avoid rejections, negotiate better, and plan finances wisely.

1. What is Home Loan Eligibility?

Home loan eligibility is the bank’s method of assessing whether you qualify for a housing loan and how much loan amount you can repay comfortably. It ensures responsible lending and safe borrowing.

HDFC Bank evaluates factors like:

• Monthly income
• Age and employment type
• Existing EMIs
• Credit score
• Loan-to-Value (LTV) ratio

Why do banks assess eligibility?

• To minimize the risk of default
• To prevent financial burden on the borrower
• To determine the appropriate loan amount

2. How to Use HDFC Bank Home Loan Eligibility Calculator?

Step-by-Step Guide

• Enter Monthly Income – Salaried or self-employed income.
• Enter Existing Obligations – Current loan EMIs.
• Select Interest Rate – Typically between 7.65% – 9.50%.
• Choose Tenure – Up to 30 years.
• Click Calculate to view your maximum eligible loan amount.

Example Calculation

Monthly Income: ₹80,000

Existing EMIs: ₹10,000

Tenure: 20 years

Interest Rate: 8%

Eligible Loan Amount: ₹60 – ₹65 lakhs

3. How is Home Loan Eligibility Calculated?

Home loan eligibility mainly depends on FOIR (Fixed Obligation to Income Ratio) and LTV (Loan-to-Value Ratio).

Key Terms Explained

• FOIR: Percentage of income used for EMIs (HDFC allows up to 70%).
• LTV Ratio: Bank funds 65–80% of property value.
• NMI: Net monthly income after deductions.
• DBR: Ratio of total obligations to income.

Example Calculation

Net Income: ₹1,00,000

Existing EMI: ₹15,000

FOIR Allowed: 70% → ₹70,000 max EMI limit

Balance EMI Capacity: ₹55,000

Estimated Eligibility: ₹70–75 lakhs (20 years, 8% interest)

4. Formula for Home Loan Eligibility

Formula:

(NMI × FOIR% – Existing EMIs) ÷ EMI per ₹1 lakh

Where:

• NMI – Net Monthly Income
• FOIR – Up to 70% for HDFC
• EMI per ₹1 lakh – EMI for ₹1 lakh at chosen interest & tenure

Worked Example

NMI: ₹80,000

FOIR: 70% → ₹56,000

Existing EMI: ₹6,000

EMI per ₹1 lakh: ₹805 (20 years at 8%)

Eligible Loan: ₹62.1 lakhs

5. Key Factors That Affect HDFC Bank Home Loan Eligibility

5.1 Income Level

Higher income = higher loan eligibility.

₹50,000 salary → ₹35–40 lakhs eligibility

₹1,00,000 salary → ₹70–80 lakhs eligibility

5.2 Age

• Minimum: 23 years
• Maximum: 60 (salaried), 75 (self-employed)
• Younger borrowers get higher tenure ⇒ higher eligibility

5.3 Employment Type

• Salaried applicants get better eligibility
• Self-employed require stronger documentation

5.4 Credit Score

Minimum required: 700+

Score above 750 ensures faster approval & lower interest

5.5 Property Value & Location

• Up to 80% funding for properties below ₹30 lakh
• 65–70% funding for higher-value properties

5.6 Existing EMIs

More existing loans reduce fresh loan eligibility.

5.7 Loan Tenure

Longer tenure = lower EMI = higher eligibility.

5.8 Interest Rate

Lower interest rate increases loan eligibility.

6. Home Loan Eligibility Criteria in India

Parameter	HDFC Bank Criteria	Industry Standard
Age	23 – 60 (salaried), 23 – 75 (self-employed)	21 – 65
Minimum Income	₹25,000 (salaried), ₹50,000 (self-employed)	₹20,000
Credit Score	700+	650+
Tenure	Up to 30 years	20–30 years
LTV	65–80%	60–80%
FOIR	70%	60–70%

7. Benefits of Using HDFC Home Loan Eligibility Calculator

• Instant, accurate results
• Avoids manual calculations
• Helps plan finances better
• Reduces chances of rejection
• Shows HDFC-specific eligibility output

8. Tips to Improve Your HDFC Home Loan Eligibility

• Increase credit score above 750
• Clear existing loans
• Apply jointly with earning family member
• Opt for a longer loan tenure
• Declare all additional incomes
• Maintain job stability for at least 2 years

9. Home Loan Eligibility Based on Credit Score

Credit Score	Eligibility Impact	Interest Rate Range
750+	Excellent eligibility	7.65% – 8%
700–749	Good	8–9%
650–699	Limited eligibility	9–10%
<650	High rejection chance	10%+ or rejection

10. Home Loan Eligibility vs EMI – Key Difference

Factor	Home Loan Eligibility	EMI
Meaning	Maximum loan amount you can borrow	Monthly repayment amount
Based On	Income, FOIR, LTV, Credit Score	Loan amount, tenure, interest
Use Case	Determines maximum loan	Helps manage monthly budget

11. Documents Required for HDFC Home Loan

• Identity Proof: PAN, Aadhaar, Passport
• Address Proof: Utility bills, Voter ID, Rent agreement
• Income Proof: Salary slips, ITR, Balance Sheet
• Employment Proof: Offer letter, Form 16, Employment certificate
• Property Documents: Sale deed, Title deed, NOC, Encumbrance certificate