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.