🏦 Loan
Loan Eligibility Calculator
Find out the maximum loan amount you are eligible for based on your income, existing EMI obligations and chosen interest rate and tenure.
Your Financial Details
₹10K₹10L
₹0₹5L
30%65%
5%20%
1 yr30 yrs
Maximum Loan Eligibility
₹--
based on your income & obligations
Max Allowable EMI--
EMI Available (after existing)--
EMI on Max Loan--
FOIR After New Loan--
Income Allocation
New EMI
Existing EMIs
Remaining
How Banks Calculate Eligibility
Max Allowable EMI = Net Income × FOIR
Available EMI = Max Allowable EMI − Existing EMIs
Max Loan = Available EMI × [(1+R)N−1] / [R × (1+R)N]
Available EMI = Max Allowable EMI − Existing EMIs
Max Loan = Available EMI × [(1+R)N−1] / [R × (1+R)N]
FOIR (Fixed Obligation to Income Ratio) is the key metric banks use. Most banks allow 40-55% FOIR. Home loans: up to 50-55%. Personal loans: 40-50%. Actual eligibility also depends on CIBIL score, employer, age and existing liabilities.
Frequently Asked Questions
FOIR (Fixed Obligation to Income Ratio) is the percentage of your net monthly income that goes towards loan EMIs. Banks typically allow 40-55% FOIR. If your income is ₹80,000 and FOIR is 50%, maximum combined EMI allowed is ₹40,000.
Massively. CIBIL 750+: eligible for maximum loan at best rates. 700-750: eligible but may get slightly higher rate. Below 700: many banks may reject. Below 650: very difficult to get loans from banks (NBFCs may lend at higher rates).
(1) Add a co-applicant (spouse/parent) — their income is added. (2) Pay off existing loans to reduce FOIR. (3) Choose longer tenure — increases max loan amount. (4) Improve CIBIL score before applying.