Loan Eligibility Calculator

Estimate how much loan you may qualify for based on income, FOIR, rate and tenure.

Monthly income (₹)

Existing EMI (₹)

FOIR / max obligation (%)

Share of income banks may allow for total EMIs (Fixed Obligation to Income Ratio).

Interest rate (% p.a.)

Tenure (years)

Results (estimate)

FOIR used: 50%

Max new EMI: ₹0

Eligible loan: ₹0

What is loan eligibility?

Lenders assess how much EMI you can afford from net or gross income, existing obligations, credit score, and property value. This tool uses a simplified FOIR approach — actual offers vary by bank and product.

Formula

Max EMI = (Income × FOIR ÷ 100) − Existing EMI
Eligible loan = Max EMI × ((1 + r)^n − 1) / (r × (1 + r)^n)
  where r = monthly rate, n = tenure in months

Example

Income ₹1,00,000, existing EMI ₹15,000, FOIR 50% → max new EMI ₹35,000. At 8.5% for 20 years, eligible principal is in the ₹40–45 lakh range (estimate).

FAQ

What FOIR should I use?

Many home-loan assessments use roughly 50–60% total obligations; use the figure your lender mentions.

Why is my bank offer different?

Banks add credit score, LTV, co-applicant income, and internal policies not captured here.

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