Finance

Loan Eligibility Calculator

Q: How can I increase my loan eligibility?

Close existing EMIs to reduce fixed obligations, add a co-applicant (spouse/parent) to increase combined income, opt for a longer tenure to reduce the required EMI, or wait for a salary increment before applying.

Find out how much home, personal, or car loan you can get based on your income and existing EMIs.

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Monthly Net Income (Take-home)

₹

₹10,000₹5,00,000

Existing EMIs per Month

₹

₹0₹1,00,000

Interest Rate

6%24%

Loan Tenure

1 yr30 yr

Eligible Loan Amount

₹42,43,470

Max EMI you can afford: ₹37,500/month

FOIR Breakdown

Monthly Income₹75,000

Existing EMIs− ₹0

New EMI (eligible)₹37,500

FOIR used: 50%Limit: 50%

Disclaimer

This is an estimate based on income and obligations only. Actual loan approval depends on your credit score (CIBIL), employment type (salaried/self-employed), company profile, existing liabilities, and the bank's internal policy. Consult your bank or a loan advisor for an accurate assessment.

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About this tool

How to use Loan Eligibility Calculator

1Select loan type: Home Loan, Personal Loan, or Car Loan
2Enter your monthly take-home (net) income
3Enter total existing EMIs per month (if any)
4Adjust interest rate and tenure if needed
5View eligible loan amount and FOIR breakdown

Frequently Asked Questions

What is FOIR?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that goes towards EMI payments. Most banks allow a FOIR of 40–50% for home loans and 35–40% for personal loans. Higher income can get higher FOIR approval.

Does credit score affect loan eligibility?

Credit score affects loan approval and interest rate, but not the eligibility amount calculation. The eligible amount is based on income and existing obligations. A low CIBIL score (< 650) may lead to rejection even if the amount is within FOIR limits.

How can I increase my loan eligibility?

Close existing EMIs to reduce fixed obligations, add a co-applicant (spouse/parent) to increase combined income, opt for a longer tenure to reduce the required EMI, or wait for a salary increment before applying.