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Loan Eligibility Calculator
Find out how much loan you can get based on your income.
Enter values to see your result
Frequently asked questions
What is FOIR?
FOIR is the percentage of your monthly income that goes into all EMIs and fixed obligations. Banks cap it at 40–55% to ensure you have enough left for living expenses.
Why do lenders consider existing EMIs?
Running EMIs reduce your disposable income, so they reduce how much new loan you can afford without defaulting.
Does credit score affect eligibility?
Yes. A score above 750 can stretch FOIR to 55–65%; below 700 may limit it to 30–40% or cause rejection.
Can co-applicants increase eligibility?
Absolutely. Adding a spouse or parent as co-applicant pools incomes and significantly boosts the eligible loan amount.