Loan Eligibility Calculator
Estimate the maximum loan you can get based on your income, existing EMIs and the lender's FOIR.
Enter values to see the result.
About the Loan Eligibility Calculator
Lenders decide how much you can borrow mainly from your income and your existing obligations, using a ratio called FOIR (Fixed Obligations to Income Ratio). This calculator estimates the maximum EMI you can support and the loan amount that EMI translates to at a given rate and tenure.
How to use it
- Enter your net monthly income and any EMIs you already pay.
- Set the FOIR the lender allows (commonly 40-55%).
- Enter the interest rate and tenure of the loan you want.
- See your maximum affordable EMI and the loan amount you may qualify for.
Home and personal-loan applicants use this before approaching a bank to set realistic expectations and avoid rejections. It runs entirely in your browser, so your income details are never uploaded.
Frequently asked questions
What is FOIR?
FOIR is the share of your monthly income that lenders allow to go toward all loan EMIs combined. A FOIR of 50% means total EMIs can't exceed half your income.
How can I increase my loan eligibility?
Clear existing EMIs, add a co-applicant's income, choose a longer tenure, or improve your credit score. Adjust the inputs here to see the impact.
Is this the exact amount the bank will give?
No, it's a guide. Actual sanction also depends on your credit score, employer, age, property value and the lender's internal policy.
Is my income data private?
Yes. The calculation happens locally in your browser and nothing is sent to a server.