Loan Eligibility Calculator
How much home or personal loan your income can support, from the EMI limit banks use.
You could borrow up to
- Monthly EMI
- ₹50,000
- Total interest
- ₹62,38,459
All EMIs: 50% of incomeLimit 50%
- Banks also cap home loans at 75–90% of the property value and check your credit score, age and job. Treat this as a starting estimate, not an offer.
Your finances
How is this calculated?
max EMI = net income × FOIR − existing EMIs
loan = EMI × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ)
r = yearly rate ÷ 12 ÷ 100 · n = monthsRuns in your browser — nothing you enter leaves this device.
An estimate from a standard formula, not a loan offer. Actual eligibility depends on each lender’s policy. Not financial advice.
About this tool
What it does
This calculator estimates the largest loan your income can support. Lenders limit how much of your take-home pay can go to EMIs — the fixed-obligation-to-income ratio, or FOIR. It subtracts the EMIs you already pay, then works out the loan that the remaining EMI can repay at your interest rate and tenure.
How to use it
- Enter your net monthly take-home income.
- Add the EMIs you already pay on other loans and cards.
- Set the interest rate and tenure you expect.
- Adjust the FOIR limit — many lenders use 40–60% depending on income.
- Read the estimated loan amount and the EMI it implies, then copy the page link to compare scenarios.
Limits and your data
- It’s an estimate. Lenders also look at credit score, age, job stability, co-applicants and the property.
- Home loans are capped at a share of the property value (loan-to-value) — typically 75–90% in India depending on the loan size.
- Processing fees, insurance and taxes are not included.
- Some lenders count gross rather than net income, which changes the result.
- The calculation runs entirely in your browser. Your income and figures are not sent anywhere; they appear only in the page address if you share the link.
Questions
What is FOIR?
Fixed Obligation to Income Ratio: the share of your monthly income that all loan EMIs together may take. A 50% FOIR on ₹1 lakh income allows ₹50,000 of EMIs.
How can I become eligible for a bigger loan?
Choose a longer tenure, close small existing loans, add an earning co-applicant or find a lower interest rate. Each raises the EMI capacity or what it can repay.
Should I borrow the maximum?
Not necessarily. Leave room for emergencies, rate increases and savings. Many people keep total EMIs well below the lender’s limit.
Why does a longer tenure increase eligibility?
The same EMI repays more principal when spread over more months — but you pay much more interest overall.