Question 1

How does the calculator use FOIR to estimate loan eligibility?

Accepted Answer

It applies the FOIR percentage you select to entered income and subtracts existing obligations. Lenders define eligible income, obligations and acceptable FOIR differently, so 50% is only a scenario assumption and not a banking rule.

Question 2

How does CIBIL score affect maximum borrowing capacity and interest rates?

Accepted Answer

Credit score can influence underwriting and pricing, but income stability, obligations, security, employer/business profile and lender policy also matter. A score above 750 does not guarantee approval, a rate, FOIR or loan multiple.

Question 3

How can adding a co-applicant increase total home loan eligibility?

Accepted Answer

A lender may consider an eligible earning co-applicant’s supported income together with both applicants’ obligations, age, credit and ownership structure. This can increase, leave unchanged or reduce the approved amount; it does not automatically lower FOIR or guarantee higher eligibility.

Question 4

Do credit card limits or active BNPL loans reduce loan eligibility?

Accepted Answer

Lenders may include card dues, limits, BNPL and consumer-loan obligations in affordability checks, but the conversion method is lender-specific. Do not assume every lender uses 5% of total limits.

Question 5

What is the Step-Up Loan facility for young working professionals?

Accepted Answer

A step-up repayment plan schedules lower initial payments and higher later payments under lender-specific terms. The step period, eligibility and sanctioned amount vary, and future affordability risk rises if income does not grow as assumed.

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