Loan Eligibility Calculator
Find the maximum home or personal loan you can get from your monthly income, existing EMIs and the bank’s FOIR limit.
About Loan Eligibility Calculator
How much loan can I get? This free loan eligibility calculator answers that from the numbers banks actually use. Enter your net monthly income, the EMIs you already pay, the FOIR (fixed obligation to income ratio) your lender allows, the interest rate and the tenure.
The calculator works out the largest EMI you can afford and the maximum home loan or personal loan that EMI supports. Adjust the FOIR, rate or tenure to see how your eligibility changes, for example with a longer tenure or after closing a small loan. It is an estimate based on salary; lenders also check your credit score and documents. Everything runs in your browser.
How to use Loan Eligibility Calculator
- Enter your net (take-home) monthly income and any EMIs you already pay.
- Set the FOIR your lender uses, the interest rate and tenure.
- Read the maximum loan and the EMI it implies.
Frequently asked questions
What is FOIR?
Fixed Obligation to Income Ratio — the share of your net monthly income that all EMIs together may take. Banks typically allow 40–50% for lower incomes and up to 60–65% for higher incomes.
How much of the property price will the bank fund?
RBI caps the loan-to-value (LTV) ratio for housing loans at 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. The rest is your down payment.
How can I improve eligibility?
Add a co-applicant with income, close small loans to free up EMI capacity, choose a longer tenure, or keep a credit score above 750 to get better rates.
How much home loan can I get on my salary?
Roughly, the lender allows total EMIs of 40–60% of your net monthly income. Subtract existing EMIs, and the remaining EMI at the offered rate and tenure sets your maximum loan.
What is the full form of FOIR?
Fixed Obligation to Income Ratio: the share of your monthly income that goes towards EMIs and other fixed obligations.
Does a co-applicant increase loan eligibility?
Yes. Adding an earning co-applicant adds their income, which raises the EMI you can afford and therefore the loan amount.
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