A home loan eligibility calculator happens to be one of the many easy methods used to determine your eligibility for a home loan. Monthly salary, loan tenure or period of loan, other monthly income, and your current EMIs and obligations are used in the algorithm of the online calculator to determine your home loan amount. When you input the required figures in the parameter form-fields, the results are displayed instantly. This gives you the opportunity to make an informed choice with much more accuracy than when you use the manual calculation method.