Loan Eligibility Calculator
Find out roughly how large a loan you could qualify for, based on your income and existing commitments.
Show solution steps
Compare the best loan offers
Partner offers
Check your loan eligibility
Compare interest rates from top banks & NBFCs instantly.
Compare rates →
Pre-approved personal loans
See offers with no impact on your credit score.
View offers →
We may earn a commission if you sign up through these links, at no extra cost to you.
What is the Loan Eligibility Calculator?
Loan eligibility is the maximum a lender will offer you, based mainly on your repayment capacity. Lenders cap your total EMIs at a share of your income, known as the FOIR (Fixed Obligation to Income Ratio).
How to Calculate
Max EMI = income × FOIR% − existing EMIs. The calculator then inverts the EMI formula to find the largest loan that EMI can service.
Formula
Max EMI = income × FOIR% − existing EMIs
How to Use
- Enter your details in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
What is FOIR?
FOIR is the share of your income a lender allows to go toward all EMIs u2014 typically 40u201360%. A lower existing-EMI load means a higher eligible loan.
Was this calculator helpful?
Thanks for your feedback!