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Loan Eligibility Calculator

Find out how much loan you can get based on your income

Monthly Income

₹

Existing Monthly EMIs

₹

Interest Rate: 8.5%

Loan Tenure: 20 years

Loan Type

How Loan Eligibility is Calculated

FOIR (Fixed Obligation to Income Ratio): Banks allow a percentage of your income for loan EMIs. Home loans typically allow 50%, while personal loans allow 35-40%.

Formula: Available EMI = (Monthly Income × FOIR%) - Existing EMIs

Factors affecting eligibility: Credit score, employment type, age, company reputation, and existing debts all impact final approval.

Loan Eligibility Calculator

Your Loan Eligibility

How Loan Eligibility is Calculated