Loan Eligibility Calculator
Estimate your personal loan eligibility based on your monthly income, existing EMIs, interest rate and loan tenure.
Enter Your Details
Enter your income and loan details to estimate the amount you may qualify for.
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Enter your details to calculate estimated eligibility.
Your Estimated Loan Capacity
The estimate is based on the maximum total EMI percentage entered above.
Estimate Your Loan Eligibility
Follow these simple steps to estimate how much loan EMI you may be able to afford.
Enter Income
Enter your monthly net income after applicable deductions.
Add Existing EMI
Enter the EMIs you are already paying on existing loans.
Select Loan Terms
Enter the expected interest rate and desired loan tenure.
View Estimate
See your estimated eligible EMI and maximum loan amount.
Monthly Income
Higher stable income can generally support a higher EMI capacity, subject to lender rules.
Existing EMIs
Existing loan obligations reduce the amount of income available for a new loan.
Interest Rate
A higher interest rate generally reduces the loan amount supported by the same EMI.
Loan Tenure
A longer tenure can reduce the EMI for a given loan amount, but may increase total interest.
Important Information
This calculator provides an approximate estimate and is not a guarantee of loan approval.
Actual eligibility may depend on credit score, age, employment type, employer profile, income stability, existing liabilities, banking history, lender policies and other factors.
Loan Eligibility Calculator FAQ
What is loan eligibility?
Loan eligibility is an estimate of the amount a lender may consider based on factors such as income, existing obligations, credit profile and loan terms.
What is FOIR?
FOIR, or Fixed Obligations to Income Ratio, is a commonly used measure comparing fixed monthly obligations with income. Different lenders may use different limits.
Does a higher salary increase loan eligibility?
Higher stable income can increase potential EMI capacity, although actual eligibility also depends on existing obligations and lender criteria.
Do existing EMIs affect eligibility?
Yes. Existing EMIs reduce the portion of income available for a new loan obligation.
Does a longer tenure increase loan eligibility?
A longer tenure can generally support a higher principal for the same affordable EMI, but it can also increase the total interest paid.
Does this calculator guarantee loan approval?
No. This is an educational estimate only. The final decision is made by the lender after reviewing your complete application.