Check your maximum loan eligibility based on income, EMIs, and obligations. Covers home, personal, car, and education loans.
What is Loan Eligibility Calculator?
Find out the maximum loan amount you qualify for based on your monthly income, existing EMIs, and other obligations. Supports Home Loan, Personal Loan, Car Loan, and Education Loan with Indian bank-standard FOIR (Fixed Obligations to Income Ratio) calculation. Features a visual FOIR gauge, income utilization donut chart, eligibility across different tenures, cross-loan-type comparison, and tips to improve your eligibility.
How to Use
Select your loan type (Home, Personal, Car, or Education)
Enter your monthly income and any existing EMIs or obligations
Adjust interest rate and tenure as needed
See your maximum eligible loan amount and FOIR ratio
Compare eligibility across tenures and loan types
Frequently Asked Questions
What is FOIR?
Fixed Obligations to Income Ratio (FOIR) is the percentage of your income going to EMIs and fixed obligations. Banks typically approve loans up to 50-60% FOIR.
How do banks decide loan eligibility?
Banks consider your monthly income, existing EMIs, credit score, age, employment stability, and the loan type. FOIR is the primary financial metric.
How can I increase my loan eligibility?
Close existing loans, add a co-applicant's income, choose a longer tenure, improve your credit score (750+), or show additional income sources.
What is the maximum home loan tenure?
Most Indian banks offer home loans up to 30 years. Personal loans max at 5 years, car loans at 7 years, and education loans at 15 years.
Does this consider my credit score?
This calculator uses income-based eligibility (FOIR method). A good credit score (750+) is also required — it affects the interest rate offered but not the amount shown here.
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