Loan Eligibility Calculator
Estimate how much loan you may be eligible for based on income, current EMIs, interest rate, tenure, and FOIR.
Loan Affordability Planning
Maximum loan amount - Affordable EMI - FOIR usage - Quick EMI calculator link
Check Loan Eligibility
Loan Eligibility Breakdown
How Loan Eligibility is Estimated
Lenders generally check your monthly income, fixed obligations, credit profile, loan tenure, interest rate, age, and employer or business stability. This calculator uses FOIR to estimate how much EMI you can afford, then converts that EMI into an estimated loan amount.
FOIR means Fixed Obligation to Income Ratio. Existing loan EMIs are counted directly. Credit card dues are counted conservatively as the higher of the monthly payment entered or 5% of the outstanding amount, because lenders often treat revolving credit as a recurring repayment burden.
Formula Used
- Maximum EMI capacity = Monthly income x FOIR.
- Available EMI = Maximum EMI capacity - counted fixed obligations.
- Eligible loan amount is reverse-calculated from available EMI, interest rate, and tenure.
- Loan type presets adjust default rate, FOIR and maximum tenure, but you can still edit them.