Loan Eligibility Calculator

Know your borrowing power. Estimate the maximum loan amount banks may offer you.

Financial Details

Gross Monthly Income

₹

Total income before tax.

Ongoing EMIs / Debts

₹

Total monthly commitment for existing loans.

Loan Details

Interest Rate

Tenure

How is this calculated?

Banks assume you can spare 50% of your gross income for loan repayments. After deducting your existing EMIs (₹10,000), the remaining capacity determines your loan eligibility.

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Max Loan Amount

₹0

You can borrow up to ₹0 for 20 years.

Capacity

Max Eligible EMI

₹

/ month

Income

Considered Income

₹50,000

50% of your gross income

Eligibility Check Failed

Your existing obligations exceed the 50% income limit. Try reducing current debts or increasing tenure.

Documentation

How Eligibility is Calculated

Banks use the Fixed Obligation to Income Ratio (FOIR) to determine how much you can afford for loan repayments. Typically, banks allow 50% of your gross monthly income.

Key Factors

"Credit score, income stability, existing debts, and employment type all affect your final eligible amount."

The Formula

Max EMI = (Income × 50%) - Existing EMIs

₹ = (₹100,000 × 50%) - ₹10,000

Loan Amount = EMI capacity applied to EMI formula for given rate and tenure.

Last Updated: January 2026

Disclaimer: This calculator provides estimates for educational purposes. Actual eligibility may vary based on lender policies, credit score, and other factors.