Loan Eligibility Calculator

Check your loan eligibility without logging in. Enter income and commitments - get borrowing limit instantly. No account required.

Your Financial Details

50,000
10,000
8.5 %
10 Years

Max. Loan Amount

0

Affordable EMI

0

Debt-to-Income Ratio

0 %

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Step-by-Step Guide

Calculate Loan Eligibility

Calculate your maximum borrowable loan amount based on income, monthly obligations, FOIR ratios, and interest rates.

1
Input Gross Income

Enter your monthly net take-home salary or total monthly business income.

Net Salary Monthly Income
2
List Current EMIs

Specify the total sum of all other existing monthly loan payments or credit card EMIs.

Existing Debt Co-applicant Income
3
Set Loan Terms

Input the expected interest rate and your planned repayment tenure in years.

Target Rate Target Tenure
4
Run Eligibility Audit

Review your estimated borrowable amount, maximum monthly EMI ceiling, and FOIR ratio.

Borrow Limit FOIR Rating
Local sandbox processing
FOIR banking algorithms
100% Private offline session
Borrowing Calculators

Smart Loan Eligibility Metrics

Estimate borrowable limits for home, car, and personal loans using standard banking FOIR formulas.

FOIR Calculation

Determines borrowing eligibility using the standard Fixed Obligation to Income Ratio preferred by major lenders.

Joint Capacity Stacking

Add a secondary applicant's monthly salary and obligations to calculate expanded joint borrowing capability.

Tenure & Rate Sensitivity

Adjust interest rates and terms to see how lower yields or longer terms expand your maximum borrowing capacity.

Secure Data Handling

Your financial statistics, income figures, and liabilities are calculated locally with no server database logs.

Standard banking formulas matching top commercial lenders
Local processing ensures your salary metrics remain private
Clear suggestions on how to improve your borrowing score
FAQ

Common Questions

Find answers about FOIR, credit ratios, co-borrowing, and loan eligibility guidelines.

What is FOIR in loan eligibility?
FOIR stands for Fixed Obligation to Income Ratio. It is a metric used by banks to measure your monthly debt obligations (like EMIs) against your monthly income. Most lenders prefer a FOIR below 50%.
How can I increase my loan eligibility limit?
You can increase your limit by paying off existing credit card debt, selecting a longer repayment tenure, adding a co-applicant with regular income, or declaring additional stable income sources.
Does a low credit score impact my eligible borrowing amount?
Yes, a lower credit score might lead lenders to reduce the maximum amount they are willing to lend or charge a higher interest rate, which in turn reduces your eligible loan size.
How does co-applicant income help?
By adding a co-applicant (like a spouse or parent), the lender combines both incomes when calculating the FOIR, which significantly increases the total eligible loan value.
What is the maximum tenure available for home loans?
Most banks offer a maximum home loan tenure of up to 30 years, subject to the retirement age of the applicant. Longer tenures lower the monthly EMI, thereby raising eligibility.