Loan eligibility is determined by several factors including your income, existing debt obligations, credit score, and the bank's lending policies. This calculator provides an estimate of your loan eligibility based on your income and existing EMIs.
FOIR is the percentage of your monthly income that goes towards repaying all your loans, including the new loan you're applying for. Most banks in India prefer that your total EMIs (including the new loan) should not exceed 40-60% of your monthly income.