Loan Eligibility Calculator
Estimate your borrowing capacity using income, existing EMIs, interest rate, tenure, and FOIR.
Inputs
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Open calculatorAssumptions and methodology
Transparent calculation notes for Loan Eligibility Calculator.
Formula used
The available EMI capacity is converted into a loan amount using the selected interest rate and tenure.
Methodology
- Estimate gross EMI capacity from income and FOIR.
- Subtract existing monthly EMIs.
- Convert remaining EMI capacity into an eligible loan amount.
Core assumptions
- Income and existing obligations are stable.
- The selected FOIR represents the repayment threshold.
- Interest rate and tenure remain unchanged.
Not included
- Credit score, employer profile, co-applicant income, age, property checks, and lender policy are excluded.
- Actual sanction amount can differ from this planning estimate.
About Loan Eligibility Calculator
Guide1What is Loan Eligibility?
Loan eligibility is an estimate of how much you may be able to borrow based on income, existing EMIs, interest rate, tenure, and the lender's repayment-capacity assumption.
This calculator uses FOIR, or fixed obligation to income ratio, to estimate how much monthly EMI capacity remains after existing loan commitments.
2Loan Eligibility Formula
The estimate follows two steps:
Eligible EMI = Monthly income x FOIR - Existing EMIs
Eligible loan amount = Present value of that EMI over the selected tenure and interest rate
The result is an educational estimate, not a lender sanction.
3How to Use This Calculator
- Step 1: Enter your monthly income
- Step 2: Add existing monthly EMIs
- Step 3: Set the interest rate, loan tenure, and FOIR assumption
- Step 4: Review eligible EMI, estimated loan amount, and debt-to-income load
4What Lenders May Also Check
- Credit score and repayment history
- Employment stability, business vintage, and income documentation
- Age, retirement horizon, and co-applicant profile
- Property value, legal checks, and loan-to-value limits