Loan Eligibility Calculator
Know your maximum loan amount based on income, existing EMIs, and the Fixed Obligation to Income Ratio (FOIR).
| FOIR Level | Max EMI | Max Loan |
|---|
How to Use Loan Eligibility Calculator
- Enter your net monthly income. Input your take‑home salary or business income after tax – this is the base lenders use.
- Add any existing EMIs. If you are already paying home, car or personal loan EMIs, enter the total monthly outflow. The tool subtracts this from your allowable repayment capacity.
- Set the interest rate, tenure and FOIR limit. Choose a conservative 40%, standard 50% or aggressive 55% FOIR. The calculator caps your total EMI obligation at this percentage of your income.
- Click Calculate. You’ll see the maximum EMI you can afford and the corresponding loan amount. A table shows eligibility at all three FOIR levels, so you can compare instantly.
Benefits of Loan Eligibility Calculator
- Uses the FOIR (Fixed Obligation to Income Ratio) method that Indian banks and NBFCs actually apply, making the estimate realistic.
- Accounts for existing EMIs, which many simple calculators ignore, giving you a truer picture of your borrowing headroom.
- Lets you toggle between three FOIR levels so you can see how credit score and lender policy might affect your eligible amount.
- No paperwork or CIBIL check required; your salary data stays private on your device.
Frequently Asked Questions
What FOIR do most Indian banks use for home loans?
Most lenders prefer a FOIR of 40‑50%. A higher credit score (750+) may get you a relaxation up to 55%, but the exact limit varies by bank, income stability and employer category.
Can I include my spouse’s income to increase eligibility?
Yes, adding a co‑applicant with a stable income combines both incomes and reduces the FOIR. The calculator shows individual eligibility; for a joint loan, add both incomes in the income field.
Does closing a credit card improve my loan eligibility?
Potentially, because banks sometimes treat the total credit limit as a contingent liability. Reducing unused limits can marginally improve your FOIR and eligible loan amount.
Is Loan Eligibility Calculator free and private?
Yes — it is 100% free, needs no sign‑up, and everything runs in your browser; your data never leaves your device.
Disclaimer: Real eligibility depends on credit score, age, and lender policy. This is an estimate only.