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PNB Home Loan Eligibility Calculator

Banks decide your home loan from what is left of your income after other EMIs. Enter your monthly income, your current EMIs, the rate and the term to see a rough loan size.

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Good to know

Independent calculator, not made or approved by Punjab National Bank. Banks use their own rules and checks, so the real offer can differ. Results are estimates only.

What it does

  • Estimated loan amount you may qualify for
  • The EMI your income can support
  • You set the share of income the bank allows for EMIs
  • Works for any bank's home loan

How to use it

  1. Enter your monthly take-home income and what you already pay in EMIs.
  2. Enter the interest rate, the term in years and the share of income banks allow for EMIs (often 40% to 55%).
  3. Read the loan amount and the EMI behind it.

How do banks work out home loan eligibility?

Most banks look at your fixed obligation to income ratio, called FOIR. It is the share of monthly income that can go to EMIs, often 40% to 55%. Subtract your current EMIs from that share and what is left is the EMI you can add. The calculator then turns that EMI into a loan amount for your rate and term.

Banks also check your credit score, age, job stability, the property value and how much of it they will lend, so the real offer can be lower. Co-applicants, bonuses and rental income can raise it. Treat the result as a starting point and ask the bank for its own figure.

Example

Income of ₹80,000 a month with ₹10,000 of existing EMIs and a 50% limit leaves ₹30,000 for a new EMI. At 8.5% for 20 years that supports a loan of about ₹34,56,925.

Questions people ask

Is this calculator from Punjab National Bank?
No. It is an independent tool. Only the bank can confirm what it will lend you.
What should I use as income?
Use net monthly income, what reaches your account. Some banks count gross income or add part of variable pay, so your offer may differ.
How can I raise my eligibility?
Pay off small loans, add a co-applicant with income, choose a longer term or improve your credit score before applying.

Disclaimer

This tool is for general information only. It is not financial, tax, investment or legal advice, and results are estimates that may differ from your bank, lender or tax authority. Rates, limits and tax rules change. Bank and brand names are used only to describe what the tool does; they belong to their owners and we are not affiliated with them. Check the figures with a qualified professional or your provider before you decide. You use this tool at your own risk, and TheFreeTool is not liable for any loss that follows. Read the full disclaimer

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