Finance · Loans

Loan Eligibility Calculator

Estimate how much loan you may qualify for from income, existing EMIs, rate, and tenure — live FOIR-based estimate.

Your eligibility details

10,000 – 10 Lakh

0 – 10 Lakh (1K+ typical)

4% – 20% (home loan range)

1 – 30 years

Maximum loan amount

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Maximum EMI —
Available EMI —
Maximum loan —

How this calculator works

Banks rarely lend beyond a fixed share of your income after existing EMIs — often called FOIR (default 50% here). This calculator turns that rule of thumb into a clear max loan and max EMI.

It is an estimate, not a sanction. Lenders also check credit score, employment stability, and property value for secured loans.

  1. Enter monthly take-home income (₹10,000 – ₹10 Lakh).
  2. Add existing EMIs and other monthly obligations (up to ₹10 Lakh).
  3. Set expected interest rate (same range as home loan: 4% – 20%).
  4. Set tenure in years (1 – 30).
  5. Results update live — max EMI and max loan.

Formula

available_emi = (income × FOIR% / 100) − obligations max_loan = PV(available_emi over tenure at monthly rate)

Examples

More about this calculator

Practical use cases

Salaried applicants gauging home or personal loan headroom before talking to a relationship manager.

Common mistakes

Using gross CTC instead of take-home pay, or forgetting existing credit-card minimums and other EMIs.

Tips

Keep FOIR conservative if your income varies month to month.

FAQs

Fixed Obligation to Income Ratio — the portion of monthly income a lender allows for EMIs and similar obligations. Many retail loans sit around 40–55%. This calculator uses 50% by default.

Eligibility for long-term secured loans (especially housing) is usually stress-tested at home-loan-like rates. The slider uses 4% – 20% to match our home loan calculator.

Credit bureau score, employer category, existing loans, and product-specific rules all change eligibility. Treat this as a planning estimate.

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