Loan Eligibility Calculator

Calculate your maximum eligible loan amount based on your income, existing obligations, and desired interest rate.

Eligibility Planner

Provide your financial details to estimate your loan capacity.

Net Monthly Income

Existing Monthly EMIs

Interest Rate (%)

Loan Tenure (Years)

Maximum Eligible Loan Amount

₹46.09L

₹46,09,233.593

Max EMI / mo

₹40,000

Total Payable (20yr)

₹96.00 L

Total Interest

₹49.91 L

Financial Capacity Analysis

Income Utilisation

FOIR Deployment

Disposable Income

₹50,000

Safe (40%)Moderate (50%)High (60%)

Based on your monthly income of ₹1,00,000 and existing commitments, banks consider an EMI of ₹40,000 to be within a manageable threshold for a 20 year loan.

What is Loan Eligibility?

Loan eligibility is the maximum amount of money a bank or financial institution is willing to lend you. It is primarily determined by your repayment capacity, which depends on your income, age, existing debts, and credit history.

How it Works

FOIR (Fixed Obligation to Income Ratio)

Banks usually cap your total EMI obligations at 40-60% of your net income. This is called the Fixed Obligation to Income Ratio (FOIR).

Eligible EMI Calculation

Eligible EMI = (Monthly Income × FOIR%) - Existing EMIs. This is the maximum installment you can afford according to the bank.

PV Formula (Present Value)

The total loan amount is calculated using the Present Value formula based on the eligible EMI, interest rate, and tenure.

Frequently Asked Questions

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