Loan Eligibility Calculator
Estimate the largest EMI and loan amount Indian banks may offer on your take-home salary.
- Free
- No sign-up
- Runs in your browser
Loan type
You could borrow up to
₹46,09,234
₹46.09 Lakh — with an EMI of up to ₹40,000 for 20 years at 8.5% p.a.
- Existing EMIs₹10,000 (10%)
- New loan EMI₹40,000 (40%)
- Left for other spending₹50,000 (50%)
- Maximum new EMI
- ₹40,000
- EMIs allowed at 50% FOIR
- ₹50,000
- Total interest over the loan
- ₹49,90,766
- Total you would repay
- ₹96,00,000
Estimate based on the FOIR method used by Indian banks and NBFCs. Each lender sets its own FOIR, and also checks your credit score, age, job stability and (for home loans) the property value — the final sanctioned amount can be lower.
How FOIR and tenure change the amount
| Tenure | 40% FOIR | 50% FOIR | 60% FOIR |
|---|---|---|---|
| 5 yrs | ₹14,62,235₹14.6L | ₹19,49,647₹19.5L | ₹24,37,059₹24.4L |
| 10 yrs | ₹24,19,634₹24.2L | ₹32,26,179₹32.3L | ₹40,32,723₹40.3L |
| 15 yrs | ₹30,46,491₹30.5L | ₹40,61,988₹40.6L | ₹50,77,485₹50.8L |
| 20 yrs | ₹34,56,925₹34.6L | ₹46,09,234₹46.1L | ₹57,61,542₹57.6L |
| 25 yrs | ₹37,25,657₹37.3L | ₹49,67,543₹49.7L | ₹62,09,428₹62.1L |
| 30 yrs | ₹39,01,609₹39L | ₹52,02,146₹52L | ₹65,02,682₹65L |
Maximum loan at 8.5% p.a. for your income and existing EMIs. A longer tenure raises eligibility but also the total interest.
How loan eligibility is worked out (FOIR method)
Indian banks and NBFCs first decide how much EMI you can afford using your FOIR — Fixed Obligation to Income Ratio. It is the share of your net monthly income that all your EMIs together may take up. Your existing EMIs are subtracted from that limit, and what remains is the largest EMI you can take on for the new loan.
That EMI is then turned into a loan amount with the standard EMI formula worked backwards: loan = EMI × ((1 + r)n − 1) ÷ (r × (1 + r)n), where r is the monthly interest rate and n is the number of months.
Example: with a take-home salary of ₹1,00,000, an existing car-loan EMI of ₹10,000 and a 50% FOIR, EMIs may total ₹50,000, so the new EMI can be up to ₹40,000. At 8.5% for 20 years that EMI supports a loan of about ₹46,09,234.
What FOIR do banks use?
There is no single fixed number — each lender sets FOIR in its own credit policy. Many use around 40–50% for moderate incomes and allow 55–65% or more for higher incomes, strong credit scores or large employers. That is why the calculator lets you change it, and why two banks can offer you different amounts on the same salary.
How to increase your loan eligibility
Close or prepay small loans to free up FOIR, add an earning co-applicant, choose a longer tenure, keep credit-card balances low, and maintain a good credit score so you qualify for a lower rate. Each of these raises the EMI you can afford or the loan that EMI supports.
Frequently asked questions
- Is FOIR calculated on gross or net salary?
- Most lenders use net (take-home) monthly income, which is what this calculator expects. Some use gross income with a lower FOIR.
- Will I get a home loan for the full eligible amount?
- Not always. RBI caps home loans at a share of the property’s value (loan-to-value), so you also need a down payment — for example, loans above ₹75 lakh may be at most 75% of the property value. Confirm current limits with your lender.
- Do credit-card dues count as an existing EMI?
- Card EMIs do, and many lenders also count a part of your outstanding card balance. Include them to get a realistic figure.
- Can I choose any tenure?
- Lenders usually want the loan repaid before you retire, so older applicants may get a shorter tenure — and therefore a smaller loan.
FOIR norms, rates and loan-to-value limits differ between lenders and change over time. Treat this as an estimate and confirm with your bank before you commit to a property or purchase.