Loan Eligibility Calculator
Find out how much loan you can actually get — based on income and existing EMIs.
Banks typically allow total EMIs up to ~50% of your net monthly income (called FOIR). Earning ₹1 lakh with a ₹15,000 existing EMI, you can afford about ₹35,000 more in EMIs — roughly a ₹39 lakh home loan at 9% over 20 years. But borrowing the maximum is rarely wise; leave a buffer.
How to use the loan eligibility calculator
- Enter your net monthly income.
- Enter existing EMIs and expected rate/tenure.
- See your maximum eligible loan amount.
Loan Eligibility Calculator — FAQs
What is FOIR?
Fixed Obligation to Income Ratio — the share of your monthly income already committed to EMIs and fixed obligations. Banks usually cap new lending so total FOIR stays under 40–50%.
What credit score do I need?
750+ unlocks the best rates and smooth approvals. 700–750 is workable; below 650, expect rejections or steep rates.
Does a co-applicant increase eligibility?
Yes — a co-applicant’s income gets added, raising the eligible amount. Their credit history matters too.
Should I borrow the maximum eligible?
No. Eligibility is the bank’s ceiling, not your comfort level. Keep total EMIs under 35–40% of income so one emergency doesn’t break you.
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