Loan Eligibility Calculator

A loan-eligibility calculator estimates the maximum loan you qualify for from your income. Lenders cap your total EMIs at roughly 40-50% of monthly income (the FOIR), so your eligibility depends on income, existing EMIs, the interest rate and tenure.

Monthly income

₹

Existing monthly EMIs

₹

Interest rate (p.a.)

Tenure

yrs

Eligible loan amount

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How is Loan Eligibility calculated?

Available EMI = (income × FOIR) − existing EMIs. The eligible loan is the present value of that EMI over the tenure at the given rate.

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