Loan Eligibility Calculator — Check How Much Loan You Can Get
Enter your income details to instantly find out the maximum loan amount you're eligible for — no registration, no credit check.
Enter Your Details
How Loan Eligibility is Calculated
Banks use FOIR (Fixed Obligation to Income Ratio) to determine how much loan you qualify for.
Home Loan: 60% of net income
Personal Loan: 55% of net income
Car Loan: 50% of net income
Example: ₹50,000 income × 60% FOIR = ₹30,000 max total EMI. If existing EMI is ₹10,000 → available EMI = ₹20,000 → max loan depends on rate and tenure.
Factors That Affect Eligibility
- 📊 CIBIL Score: 750+ for best eligibility
- 💰 Income: Higher income = higher loan
- ⏰ Age: Younger = longer tenure = higher loan
- 💳 Existing EMIs: Fewer EMIs = more room
- 🏢 Employer: Govt/MNC → better terms
- 📅 Job stability: 2+ years preferred
Frequently Asked Questions
Banks use FOIR (Fixed Obligation to Income Ratio) — typically 40–60% of your net income can go towards total EMIs. Maximum loan = Eligible EMI × EMI/Loan factor at given rate and tenure.
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that can go toward loan repayments. Most banks allow 40–60% FOIR. Higher salary and fewer existing EMIs = higher loan eligibility.
Yes! Co-applicant income is added to your income for eligibility calculation. Joint home loan applications from spouses are very common and significantly increase the eligible loan amount.
Common rejection reasons: low CIBIL score (below 650), high FOIR (too many existing loans), short employment history, job in risky industry, or incomplete documents. Check all these before applying again.