Loan Eligibility Calculator
Estimate how much you can borrow based on income, existing EMIs, rate and tenure.
Net monthly income
₹15,000₹1,000,000
Existing EMIs per month
₹0₹500,000
Interest rate (p.a.)
7%24%
Loan tenure
1 yrs30 yrs
EMI-to-income limit
Results are indicative estimates for planning only and are not financial advice. Actual figures depend on the lender, fund or institution.
How It Is Calculated
The formula behind the numbers.
Formula
Loan = E × ((1+r)n − 1) ÷ (r × (1+r)n)
- E = income × EMI limit (FOIR) − existing EMIs
- r = monthly interest rate
- n = tenure in months
- Lenders also check credit score, age and job stability
Loan Eligibility FAQs
Common questions answered.
What is FOIR?
Fixed Obligation to Income Ratio is the share of your net monthly income that can go towards EMIs. Most lenders allow 40–60%.
How can I increase my loan eligibility?
Add an earning co-applicant, close small loans, choose a longer tenure or improve your credit score above 750.
Is this the final sanctioned amount?
No. It is an estimate. The lender decides the final amount after checking documents and your credit report.
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