Loan Eligibility Calculator
Finance & InvestmentFind the loan a lender would sanction on your income and existing EMIs.
Runs entirely in your browser — nothing is uploaded
Features
- Works from FOIR — the obligation limit lenders actually apply.
- Deducts existing EMIs, as an underwriter would.
- Shows the EMI you can service and the loan it supports.
- Runs entirely in your browser — nothing you enter is uploaded.
How to use the Loan Eligibility Calculator
- 1Enter your net monthly income and any EMIs you already pay.
- 2Set the obligation limit — 40–55% is the usual band.
- 3Read the eligible loan amount for the rate and tenure you expect.
Frequently asked questions
What is FOIR?
The fixed-obligation-to-income ratio: the share of your monthly income a lender will let go to all EMIs combined. Most banks work to 40–55%, with higher earners allowed the upper end. Every existing EMI comes off before the new loan is considered.
How can I increase how much I am eligible for?
Close small loans, since each one reduces capacity by its full EMI; add a co-applicant with income; choose a longer tenure, which lowers the EMI per rupee borrowed; or increase the down payment so you need less. Closing a ₹5,000 personal loan can add several lakh to a home loan sanction.
Is this the amount I will definitely get?
No — it is the income side only. Lenders also weigh your credit score, employment type and stability, age against the tenure, and for a home loan the property valuation and its legal status. This tells you the ceiling your income sets, which is usually the binding one.
Does my credit score change the amount?
It changes the rate more than the amount, and the rate changes the amount. A weaker score can add one to two percentage points, which reduces the loan a given EMI supports by roughly 10–15% over a long tenure.