Loan Eligibility Calculator
Estimate the maximum loan you can qualify for from a bank.
How Banks Calculate Eligibility
Banks typically allow you to dedicate 40–55% of your net monthly income to EMIs (their FOIR limit). After deducting your existing EMIs, the leftover is the maximum EMI you can afford. That EMI — combined with the loan rate and tenure — determines the maximum loan amount.
Frequently Asked Questions
What is FOIR?
Fixed Obligation to Income Ratio — the maximum % of your income that goes towards EMI payments. Most Indian banks cap FOIR at 40–55%.
How does a bank decide my loan amount?
Banks work backwards from your maximum allowable EMI (FOIR × income − existing EMIs) and determine loan size based on rate and tenure.
Can I boost my loan eligibility?
Yes — add a co-applicant's income, pay off existing loans, improve credit score, choose longer tenure, or include variable income (rent, bonus) with documentation.
Does credit score affect eligibility?
Yes. Score above 750 usually gets best rates and highest eligibility. Below 650, banks may reduce the loan amount or reject the application.