💰 Loan Eligibility Calculator

Check your loan eligibility instantly based on your income and existing obligations.

Net Monthly Income

₹

₹10,000₹10,00,000

Existing Monthly EMIs

₹

₹0₹5,00,000

Interest Rate (p.a.)

5%25%

Tenure

Yrs

1Yrs30Yrs

Check Eligibility Now ⬅ More Calculators

Eligible Monthly EMI Limit₹27,500

Estimated Max Loan Amount₹29,50,229

FOIR Ratio50.0%

Loan Tenure Preferred20 Years

Principal - 31%

Interest Component - 69%

How Loan Eligibility is Calculated

Lenders follow the Fixed Obligation to Income Ratio (FOIR) rule. Usually, your total monthly debt obligations (including the new loan EMI) should not exceed 50% of your net monthly income. Our calculator estimates the max loan you qualify for using reducing balance loan amortization based on this margin.