Loan Eligibility Calculator

Banks decide loan eligibility mainly on FOIR — the share of your income committed to all EMI obligations. This shows the maximum loan you can get based on standard lender norms.

Your inputs

Net monthly income (take-home)

Existing monthly EMIs (if any)

Expected loan interest rate

Desired loan tenure (years)

FOIR (Fixed Obligation to Income Ratio)

50% (conservative) 55% (standard) 65% (liberal)

Result

₹

₹0Maximum loan eligibility

Max EMI you can afford—

Existing obligations—

Free EMI capacity—

What this means

—

How loan eligibility is calculated

Max EMI capacity = Net Income × FOIR − Existing EMIs. Then the maximum loan is back-calculated using the EMI formula.

Max Loan = EMI capacity × [(1+r)ⁿ − 1] / [r × (1+r)ⁿ]

Actual eligibility also depends on credit score, employer type, age and individual lender policy. See our full disclaimer.