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Loan Eligibility Calculator

See how much loan you can qualify for based on your income, existing EMIs, and tenure.

Loan Eligibility Calculator

Find out how much you can borrow. Estimate your loan eligibility based on your financial details.

Your Financial Details

50,000
10,000
8.5 %
10 Years

Max. Loan Amount

0

Affordable EMI

0

Debt-to-Income Ratio

0 %

How is Loan Eligibility Calculated?

Loan eligibility is primarily determined by a bank or lender's assessment of your ability to repay the loan. A key factor is your debt-to-income (DTI) ratio, which compares your total monthly debt payments to your monthly income. Lenders want it below a limit, so you have enough income left to make the new EMI comfortably; this calculator uses 50%.

The calculation first works out your maximum affordable EMI: 50% of your monthly income, minus the EMIs you already pay. From there, the calculator works backwards using the interest rate and loan tenure to determine the maximum principal amount you can borrow.

Instant check
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Existing EMIs counted
EMI projection
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Loan Eligibility Calculator

See the maximum loan you could get from your monthly income, existing EMIs, interest rate and tenure.

Loan Eligibility Calculator — How Much Loan Can You Get

Before you apply for a home loan, car loan, or personal loan, the most important question is: how much will the bank actually approve? Lenders calculate eligibility based on your monthly income, existing EMIs, age, and an FOIR (Fixed Obligations to Income Ratio) cap. Our Loan Eligibility Calculator estimates the maximum loan amount you qualify for in seconds.

Enter your monthly income, existing EMIs, expected interest rate, and tenure. Get an instant estimate of your eligible loan amount, assuming up to 50% of your income can go towards EMIs. No signup, no cost.

How to Check Loan Eligibility

1. Enter Net Monthly Income

Take-home salary after all deductions. For self-employed, average monthly earnings from ITR.

2. Existing EMIs

Add up your current monthly EMIs — car loan, personal loan, credit card minimums, etc.

3. Loan Type Details

Enter the expected interest rate and tenure for the type of loan you want.

4. View Eligible Amount

See the maximum loan amount at a 50% FOIR, plus the EMI you would pay on it.

Eligibility Calculator Features

FOIR-Based Calculation

Uses a Fixed Obligations to Income Ratio (FOIR) of 50%: up to half your monthly income can go towards EMIs, your existing ones included. Lenders set their own limits.

Multi-Loan Support

Use it for a home, car or personal loan by entering that loan’s rate and tenure; the same 50% FOIR applies to each.

Joint Applications

Applying with a co-applicant? Enter your combined monthly income and EMIs to see the joint figure.

Visual Breakdown

A chart splits your monthly income into existing EMIs, the new EMI you could afford and what is left.

Multiple Currencies

Show amounts in any of 20 currency symbols, from the rupee and US dollar to the euro, pound and yen. Only the symbol changes; nothing is converted.

Free and Private

No signup, no tracking. Runs entirely in your browser.

Loan Eligibility Calculator — FAQs

FOIR (Fixed Obligations to Income Ratio) is the percentage of monthly income that goes towards servicing debt. Lenders set their own FOIR limits, which vary with the loan and your income; this calculator uses 50%. Above a lender’s limit, an application is likely to be turned down.

Yes. A CIBIL score above 750 typically gets you the best eligibility and rates. A score below 650 may lead to rejection or higher interest rates. The calculator estimates the maximum amount based on income; CIBIL determines whether you actually get the loan.

Pay off existing loans to lower FOIR, add a co-applicant (especially earning spouse), choose a longer tenure (lowers EMI), or improve your CIBIL score by paying credit card bills on time. Even small changes can significantly increase the eligible amount.

Yes, completely free. No signup, no limits.