Loan Eligibility Calculator
Find out how much loan you can get based on your income and obligations.
Net monthly salary/income
Sum of all existing loan EMIs
300Good900
2158
Max tenure calculated till age 60
Maximum Eligible Loan Amount
₹49.68 L
Home Loan @ 8.5% for 25 years
Max EMI Affordable
₹40,000
Interest Rate
8.5% p.a.
Max Tenure
25 years
Total Interest
₹70.32 L
Fixed Obligation to Income Ratio (FOIR)
Current FOIR: 50.0%Max allowed: 50%
FOIR is the percentage of your income going towards loan EMIs. Lower is better.
Credit Score Impact
Your Score
750
Good
Rate Impact
Standard
from base rate
If You Take Maximum Loan
Loan Amount₹49.68 L
Monthly EMI₹40,000
Total Interest₹70.32 L
Total Payment₹1.20 Cr
Factors Affecting Your Eligibility
Income Level
Good
Existing Obligations
Low
Credit Score
Good
Age Factor
25 years to retirement
Understanding Loan Eligibility
FOIR Guidelines
- Home Loan: Up to 50% of income
- Car Loan: Up to 40% of income
- Personal Loan: Up to 35% of income
Credit Score Impact
- 750+: Best rates available
- 700-749: Standard rates
- Below 700: Higher rates/limited options
Improve Eligibility
- Pay off existing loans
- Improve credit score
- Add co-applicant income
- Choose longer tenure