Know Before You Apply
Loan Eligibility Calculator
Find out how much loan you can afford based on your income, existing EMIs, and desired tenure. Instant, accurate, and free.
Your Financial Profile
₹75,000
₹10k₹5L
₹5,000
₹0₹2L
₹2,000
₹0₹1L
9.5%
5%20%
5 Years
1 Year30 Years
Banks typically allow up to 50% of your monthly income towards total EMI (FOIR). We use this standard.
Your Eligibility
Maximum Loan Amount
₹14,52,252
Based on 50% FOIR
Monthly Surplus
₹68,000
Income - Obligations
Available for New EMI
₹30,500
After 50% FOIR
Loan Summary
Monthly EMI (approx.)₹30,500
Tenure5 years
Interest Rate9.5% p.a.
9%Obligation Ratio
✅ Your obligation ratio is within the safe limit.
Obligations
Available
💡 Pro Tip: A longer tenure reduces EMI but increases total interest. Use the calculator to find the right balance for your budget.
How is eligibility calculated?
Lenders use the FOIR (Fixed Obligation to Income Ratio) method. They typically allow up to 50% of your monthly income to go towards all EMIs (existing + proposed). Your maximum loan amount is then derived from the available EMI using the standard loan amortisation formula.
Formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1) → P = maximum loan principal.