Loan Eligibility Calculator

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

Coursera AI Professional CertificateAd

Financial Details

₹
Total income before tax.
₹
Total monthly commitment for existing loans.

Loan Details

%
Yr

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.

Coursera Holi Offer
Ad

Coursera Holi Offer

Build your AI fluency and get more done, faster. Get the AI skills employers are looking for and create 20+ solutions you can use at work, right away.

Start Learning
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.

Coursera AI Professional CertificateSponsored
How to Use

About the Loan Eligibility Calculator

What it calculates

This loan eligibility calculator helps you model financial decisions with accurate formulas and clear outputs. Estimate the maximum loan amount you can borrow.

When to use it

Use when comparing loan terms, investment returns, taxes, or savings scenarios before making money decisions.

Example

Adjust the inputs above to model your specific scenario with the Loan Eligibility Calculator.

Explore More

Related Calculators

Car Loan Calculator

Plan your car purchase with accurate EMI estimates.

Flat vs Reducing Calculator

Compare flat vs reducing interest rates on loans.

Home Loan Calculator

Calculate home loan EMI and total interest payable.

Loan Prepayment Calculator

See how much interest you save by prepaying your loan.

Personal Loan Calculator

Calculate repayment schedule for personal loans.

EMI Calculator

Calculate monthly EMIs for any loan amount and tenure.