Loan Eligibility Calculator

50%
Banks typically consider 40-60% of income for loan EMIs

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Maximum Eligible Loan Amount: ₹0
Maximum EMI Capacity: ₹0
Current Debt Burden: 0%

About Loan Eligibility

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.

Fixed Obligation to Income Ratio (FOIR)

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.

Factors Affecting Loan Eligibility