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Loan Eligibility Calculator

Estimate your borrowing capacity using take-home income, existing EMIs, interest rate, tenure, and FOIR.

Private
Instant
Estimate
Eligible loan amount₹46,09,234
Eligible EMI₹40,000

Inputs

₹1,00,000
in rupees

Take-home pay after tax, PF and other deductions. Add a co-applicant's take-home only if you'll apply jointly.

₹10,000
in rupees

Total EMIs you pay each month now (car, personal, education, card EMIs). Not the loan balance. Enter 0 if none.

8.5%
in percent

8.5% is a conservative planning rate; SBI quotes 7.25–8.45% (Sep 2026).

20 years
in years

50%
in percent

Share of take-home pay a lender lets all EMIs use. Most banks use 40–50%; a few allow 60–65% for higher incomes.

Results

Within lender norms
Eligible loan amount
₹46,09,234
Eligible EMI
₹40,000
Gross EMI capacity
₹50,000
Total EMIs after this loan
50%
₹50,000 of ₹1,00,000; existing EMIs alone: 10%
Income after existing EMIs
₹90,000
All EMIs including this loan would take 50% of your take-home pay, at the level most lenders accept. Keep an emergency buffer.

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Assumptions and methodology

Transparent calculation notes for Loan Eligibility Calculator.

Methodology notes

Formula used

FOIR based eligibility
Eligible EMI = monthly income x FOIR - existing EMIs

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

Guide

1What 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. Lenders apply FOIR to the pay that reaches your bank account each month, not to your gross salary, so enter your net (take-home) monthly income.

2Loan Eligibility Formula

The estimate follows two steps:

Eligible EMI = Net monthly income × 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 net (take-home) monthly income
  • Step 2: Add the EMIs you already pay each month
  • 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

Frequently Asked Questions

FAQ
Is FOIR the same for every borrower?
No. FOIR differs by lender, income level, employer category, credit profile, and loan type. Use the assumption as a planning input, not a fixed rule.
Can I increase loan eligibility?
Eligibility may improve with a longer tenure, lower interest rate, higher income, reduced existing EMIs, higher down payment, or adding an eligible co-applicant.
Does this include processing fees or insurance?
No. Fees, insurance, stamp duty, and other charges are not included in the eligibility estimate.
Why is debt-to-income important?
A high debt-to-income ratio leaves less room for emergencies and may reduce lender comfort even if a basic EMI calculation shows eligibility.