Loan eligibility calculator
Banks size a loan from the share of your income they will let you commit to EMIs. This runs the same arithmetic, so you know the ceiling before you apply.
- Nothing stored
- No sign-in
- Works offline
How much could you borrow
How a lender actually decides
The rule of thumb every Indian bank uses is FOIR — the fixed obligation to income ratio. A lender decides what share of your monthly income may go to loan repayments, subtracts the EMIs you already pay, and whatever is left is what a new loan may cost you each month. Turn that instalment back into a principal and you have your eligibility.
That is exactly what this calculates. The ratio varies: around 40% for modest incomes, 50% is a common middle, and 55% or more for high earners where the absolute rupees left over are comfortable.
Tenure moves the number more than the rate does
Stretching a loan from fifteen years to twenty raises the amount you qualify for noticeably, because the same instalment now buys more principal. It also raises the total interest substantially. The result shows both figures side by side for that reason — eligibility is a ceiling, not a target.
What else a lender looks at
Income is the arithmetic part. A credit score below the lender's cut off, a short employment history, an irregular income, or a property that does not survive valuation will all reduce or refuse a loan that the numbers here say you qualify for. For a home loan there is also a loan-to-value ceiling, typically 75% to 90% of the property value, which can bind before your income does.
Frequently asked questions
What is FOIR?
Fixed obligation to income ratio — the share of your monthly income a lender is willing to see committed to EMIs, including the new loan. It is the main lever behind any eligibility figure.
Does my credit score change how much I can borrow?
It changes whether you are lent to at all, and at what rate. A weak score usually means a higher interest rate, which reduces the principal the same instalment can support, or a refusal regardless of income.
Should I include my spouse's income?
If you are applying jointly, yes — lenders combine the incomes of co-applicants and apply FOIR to the total. Add both incomes together and count both sets of existing EMIs.
Is this the same as a home loan eligibility calculator?
The income side is identical. For a home loan the lender also caps the advance at a percentage of the property value, so your final sanction is the lower of the two figures.
Why does a longer tenure increase eligibility?
Because eligibility is derived from an affordable monthly instalment. Spread over more months, the same instalment services a larger principal — at the cost of considerably more total interest.