Loan Eligibility Calculator
Estimate the maximum loan amount you're likely to be eligible for.
Your inputs
Based on FOIR (Fixed Obligation to Income Ratio) — lenders typically cap your total EMIs at 40-50% of monthly income.
Estimates only. Figures are indicative and do not constitute financial advice.
About the Loan Eligibility Calculator
Before applying for a loan, "loan eligibility calculator" tells you roughly what to expect — because lenders don't just look at how much you want to borrow, they look at how much of your income is already committed to other EMIs and cap your total obligations at a percentage of your income.
This is based on FOIR (Fixed Obligation to Income Ratio) — most lenders in India cap your total monthly EMIs (including the new loan) at around 40-50% of your monthly income. This calculator takes your income, subtracts your existing EMI commitments, and works out the maximum additional EMI you could take on within that ratio, then converts that into a maximum loan amount based on your desired interest rate and tenure. This is useful before you start house-hunting or car-shopping, so you know your realistic budget rather than getting your heart set on something a lender won't actually approve — and it also shows how existing debt directly reduces how much new loan you can get.
How to use this calculator
- Enter your monthly income.
- Enter your existing monthly EMI obligations.
- Enter your expected interest rate and desired tenure.
- See your maximum estimated loan eligibility.
Frequently asked questions
›What is FOIR in loan eligibility?
Fixed Obligation to Income Ratio — the percentage of your monthly income that lenders allow to go toward all EMI payments combined, commonly capped around 40-50%.
›Does my existing car loan or credit card EMI affect my home loan eligibility?
Yes, significantly — lenders count all existing EMI obligations against your FOIR limit, directly reducing how much new loan you can qualify for.
›Does a longer tenure increase my loan eligibility?
Yes, a longer tenure lowers the EMI for the same loan amount, which can increase your eligible loan amount within the same FOIR limit — though it also means paying more total interest.
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