Loan Eligibility Calculator Online - Home Loan, Personal Loan
Note
This calculation assumes that banks allow up to 50% of your net monthly income to be used for EMI payments. Actual eligibility may vary based on credit score and bank policies.
About Loan Eligibility Calculator
Check how much loan you can get from banks based on your income and existing EMI obligations. Our Loan Eligibility Calculator uses the FOIR (Fixed Obligation to Income Ratio) method to estimate your maximum eligible loan amount for home loan, personal loan, or car loan. Know your borrowing capacity before you apply.
How to Use This Tool
Enter Net Monthly Income
Input your take-home salary after all deductions (PF, tax, etc.).
Enter Existing EMIs
Sum of all current loan EMIs you're already paying (personal loan, car loan, credit card dues).
Set Interest Rate & Tenure
Enter the expected interest rate and loan duration to calculate eligibility.
View Results
See your maximum eligible loan amount and the affordable monthly EMI.
Frequently Asked Questions
What is FOIR?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your income used for loan EMIs. Banks typically allow up to 50% FOIR, meaning your total EMIs shouldn't exceed 50% of your net monthly income.
How can I increase my loan eligibility?
Clear existing loans to reduce FOIR, add a co-applicant's income, opt for longer tenure (reduces EMI), or show additional income sources like rental income.
Does credit score affect eligibility?
Yes! A credit score of 750+ gets you better interest rates and higher loan amounts. Below 650, banks may reject your application or offer higher rates.
Is this the final loan amount I'll get?
No, this is an estimate. Actual approval depends on credit score, employment stability, property value (for home loans), and bank-specific policies.
Key Features
- •Calculate Home Loan Eligibility
- •Calculate Personal Loan Eligibility
- •Based on 50% FOIR Rule
- •Considers Existing EMI Obligations
- •Multi-Currency Support
- •Instant Real-time Calculation
Why Loan Eligibility Calculator Matters
Know your borrowing capacity before applying for a loan. Avoid rejection by understanding your limits. Plan your finances better by knowing the maximum EMI you can afford. Essential for home buyers, car buyers, and anyone planning to take credit.