Loan Eligibility Calculator
Estimate your loan eligibility using your monthly income, existing EMIs, and the FOIR (Fixed Obligation to Income Ratio) that lenders typically use. Enter the interest rate and tenure you expect. The result is indicative—actual eligibility depends on the lender and your profile.
Estimate how much you can borrow
Use your income, existing EMIs, rate, and tenure to get an indicative loan eligibility based on FOIR, without any credit bureau hit.
- FOIR-based calculation
- No credit score impact
- Works across lenders
Max share of income lenders allow for total EMIs. Many use 50–60%.
Indicative maximum loan
Based on income of ₹ 1,00,000 and FOIR of 50%, after adjusting for your existing EMIs.
Eligible EMI
₹ 35,000/month
FOIR used
50%
Tenure used
240 months
Scenario comparison
Current profile
₹ 37,54,836
Income: ₹ 1,00,000, FOIR: 50%, existing EMIs: ₹ 15,000.
Better scenario
If FOIR is 60% instead of 50%
₹ 48,27,646
Higher eligibility by ₹ 10,72,810
Smart insight
Your EMI exposure looks moderate. You may be able to negotiate a higher FOIR or longer tenure for a higher eligible loan, if it fits your risk comfort.
Important disclaimer
FOIR and eligibility criteria vary by lender. This result is indicative only and does not guarantee loan approval. Actual eligibility depends on your credit score, employer profile, and each lender's internal policies.
Estimate your loan eligibility using your monthly income, existing EMIs, and the FOIR (Fixed Obligation to Income Ratio) that lenders typically use. Enter the interest rate and tenure you expect. The result is indicative—actual eligibility depends on the lender and your profile.
Lenders often cap your total EMI obligation at a percentage of income (FOIR). Eligible EMI = (Income × FOIR) − existing EMIs. From that EMI, we reverse-calculate the maximum loan amount for the given rate and tenure using the standard loan formula.
What is FOIR?
FOIR (Fixed Obligation to Income Ratio) is the maximum share of your income that a lender allows for EMIs. For example, 50% FOIR means your total EMIs should not exceed half your income.
Is the result guaranteed?
No. This is an indicative estimate. Actual eligibility depends on the lender, your credit score, and other factors.
What if I have existing loans?
Enter the total of all your current EMIs. The calculator subtracts that from the eligible EMI to get the amount available for a new loan.
Trust & transparency
Trust & Transparency
Bank-Based Eligibility Logic
This tool uses standard FOIR-based calculations commonly followed by banks and financial institutions.
No Personal Data Storage
All income and EMI inputs are processed instantly within your browser. We do not store or track your information.
Clear Formula Disclosure
Eligibility is calculated using EMI reverse formula and FOIR ratio for transparency.
Educational Estimation Tool
Actual approved loan amount may vary depending on lender policies and risk assessment.
Regular Review
This calculator is periodically reviewed to ensure accuracy and alignment with lending standards.