How can I increase my loan eligibility?

You can increase eligibility by adding a co-applicant (spouse or parent) to pool incomes, choosing a longer tenure (e.g. 25-30 years), paying off existing small debts, or clearing credit card dues.

Loan Eligibility Calculator

Your Financial Details

Net Monthly Income

₹

Total Existing EMIs

₹

EMI to Income Ratio (FOIR): 50%

The percentage of your income that can be used for EMIs. Banks typically allow 40-60%.

Desired Loan Terms

Interest Rate

Loan Tenure

Yrs

Loan Eligibility Estimate

This is an approximation and the final amount may vary by lender.

Eligible Loan Amount

₹0

You can afford a monthly EMI of up to

₹0

Guide & Methodology

About the Loan Eligibility Calculator

Determine the maximum loan amount banks will lend based on your net monthly salary, existing EMIs, and age.

What this calculator does

Estimates maximum borrowing limit under FOIR (Fixed Obligation to Income Ratio) norms.
Considers existing loan obligations and dependents.
Helps homebuyers and borrowers plan property budgets within sanctioned limits.

How it Works & Key Inputs

Step 1

Monthly Income

Enter net monthly in-hand salary or verified business income.

Step 2

Existing Monthly Commitments

Input existing EMIs for car, personal, or education loans.

Step 3

Interest Rate & Tenure

Select expected loan tenure (up to 30 years) and interest rate.

Core Calculation Parameters

Net SalaryMonthly post-tax take-home earnings.

Existing EMIsTotal ongoing debt repayments.

FOIR %Fixed Obligation to Income Ratio allowed by bank (usually 50% - 60%).

Formula & Calculation Logic

Mathematical Model

Max EMI = (Net Monthly Income × FOIR %) - Existing EMIs | Max Loan = Max EMI × [((1+r)^n - 1) / (r × (1+r)^n)]

Present value of maximum permissible annuity stream.

Variables Breakdown

FOIRFixed Obligation to Income Ratio (typically 50-60%)

Frequently Asked Questions (FAQ)

Disclaimer: This calculator is provided for educational and illustrative purposes only. Actual financial outcomes may vary based on statutory changes, lender terms, fund fees, and prevailing market dynamics.