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Loan Eligibility Calculator

Find out how much loan you can get based on your monthly income and existing EMIs. We use the FOIR method banks rely on.

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₹60,000
₹5,000
11%
5 yr

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How the Loan Eligibility Calculator works

Banks decide how much to lend using your FOIR — Fixed Obligation to Income Ratio. This is the share of your monthly income that already goes towards EMIs and obligations. Most lenders cap your total EMIs at around 50% of your net income.

How we estimate it: Maximum affordable EMI = (50% of net income) − existing EMIs. We then reverse the EMI formula to find the loan amount that EMI can support at your chosen rate and tenure.

How to improve your eligibility

Close small existing loans, add a co-applicant, choose a longer tenure, or show additional income sources. A healthy credit score (750+) also helps you get both a higher amount and a lower rate.

Want your exact eligibility across multiple lenders without affecting your credit score? Get a free check from our advisor.

FAQ

Frequently Asked Questions

How do banks calculate loan eligibility?
They use your FOIR — the percentage of income going to EMIs. Most cap total EMIs at about 50% of net monthly income, then work out the loan that fits.
Does my credit score affect eligibility?
Yes. A score of 750+ improves both your approved amount and your interest rate. Lower scores can reduce eligibility or raise the rate.
Can I increase how much I can borrow?
Yes — close existing EMIs, add a co-applicant, extend the tenure, or document extra income. These all raise your eligible amount.
Is this the exact amount I will get?
No. It is a close estimate using standard FOIR. Your final sanctioned amount depends on the lender's policy, your profile and documents.

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