Free Loan Eligibility Calculator
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About the Loan Eligibility Calculator
Find the maximum loan amount you are eligible for based on your income, existing EMIs and FOIR — with an EMI affordability reverse mode, all in your browser.
How to use the Loan Eligibility Calculator
- 1Enter your monthly net take-home income and any existing loan EMIs you are already paying.
- 2Set the interest rate, loan tenure, and choose a FOIR percentage (50% is the standard bank rule).
- 3The tool instantly shows the maximum loan amount a bank would typically offer you.
- 4Switch to EMI Affordability mode to reverse the calculation — enter an EMI amount to see how much you can borrow.
Frequently asked questions
What is FOIR?
FOIR (Fixed Obligations to Income Ratio) is the percentage of your monthly income that banks allow you to spend on all loan EMIs combined. Most banks set this at 40–50% for salaried individuals. If your income is ₹80,000 and the FOIR is 50%, your maximum total EMI burden is ₹40,000 — minus any existing EMIs.
Why do banks use FOIR?
FOIR ensures you have enough disposable income left after paying EMIs to cover living expenses. A lower FOIR is safer; lenders for higher-income borrowers sometimes allow up to 60%.
Is this the exact amount a bank will lend me?
No — this is an estimate using the standard FOIR formula. The actual amount depends on your credit score, job stability, existing liabilities, property value (for a home loan), and the lender's internal policies. Use this as a planning guide before approaching a bank.
What is the EMI affordability mode?
If you already know the maximum EMI you can comfortably pay each month, the affordability tab works backwards to tell you the total loan amount that EMI corresponds to, at your chosen interest rate and tenure.