Loan Eligibility Calculator
Check How Much Loan You Can Get
Find out your loan eligibility based on your income, expenses, and existing obligations. Adjust the inputs to see how much loan you can qualify for.
Maximum Loan Amount
₹16,67,174
Eligibility Breakdown
About Loan Eligibility
Loan eligibility determines the maximum loan amount a lender is willing to offer you based on your financial profile. Banks and NBFCs evaluate your income, existing obligations, credit score, and employment stability to decide how much you can borrow.
What is FOIR?
FOIR stands for Fixed Obligation to Income Ratio. It is the percentage of your monthly income that goes towards paying existing EMIs and other fixed obligations. Most banks prefer a FOIR of 40–50%, meaning your total EMIs (including the new loan) should not exceed 50% of your monthly income. This calculator uses 50% of your surplus income as the maximum EMI capacity.
Factors Affecting Loan Eligibility
- Income: Higher income increases your repayment capacity and eligible loan amount.
- Existing Obligations: Current EMIs and liabilities reduce your available surplus for a new loan.
- Credit Score: A CIBIL score of 750+ improves your chances of getting approved for a larger loan at better rates.
- Employment Type: Salaried individuals with stable jobs may get higher eligibility compared to self-employed applicants.
- Age & Tenure: Younger applicants can opt for longer tenures, increasing the eligible loan amount.
- Interest Rate: Lower interest rates mean lower EMIs, allowing you to qualify for a higher loan amount.
Tips to Improve Your Loan Eligibility
- Pay off existing debts: Clearing current EMIs frees up your surplus income for a new loan.
- Improve your credit score: Pay all bills on time, reduce credit utilization, and avoid multiple loan applications.
- Choose a longer tenure: A longer repayment period reduces the EMI, increasing the maximum loan you can qualify for.
- Add a co-applicant: Including a co-borrower with a stable income can significantly boost your combined eligibility.
- Declare additional income: Rental income, bonuses, and other earnings can help improve your eligibility when declared.
Disclaimer: This calculator provides approximate results for informational purposes only. Actual loan eligibility may vary depending on the lender's specific criteria, your credit score, employment details, and other factors not considered in this calculation.