Loan Eligibility Calculator
Enter monthly income and existing EMIs — get an instant estimate of the maximum loan a bank may offer, based on FOIR.
How to use — Loan Eligibility Calculator
- Enter your monthly net (in-hand) income.
- Enter any existing EMIs, if you have them.
- Enter the loan's expected rate and tenure.
- Click Check eligibility — see approximately how much the bank can lend you.
FAQ
What is FOIR?
Fixed Obligation to Income Ratio — what % of income can go toward EMIs. Banks usually allow 40–55%. At ₹80,000 income with 50% FOIR = max ₹40,000 in total EMIs.
How is eligibility calculated?
Max EMI = (income × FOIR%) − existing EMIs. The loan amount is then reverse-calculated from that EMI using the standard EMI formula, at your rate and tenure.
Why might my actual eligibility differ?
Banks also look at credit score, employer, age, property value (LTV for home loans), and income stability. This calculator gives an income-based estimate — the final amount is the bank's call.
How do I increase my eligibility?
Close existing loans, add a co-applicant (spouse) — both incomes count, take a longer tenure, or keep a credit score of 750+ for a better rate.