Loan Eligibility Calculator
How much you can borrow on your income
Your Loan Eligibility
Eligible loan by tenure
| Tenure | Eligible loan |
|---|---|
| 5 years | ₹24,37,059 |
| 10 years | ₹40,32,723 |
| 15 years | ₹50,77,485 |
| 20 years | ₹57,61,542 |
| 25 years | ₹62,09,428 |
| 30 years | ₹65,02,682 |
- 1Enter your incomeTake-home pay per month
- 2Add EMIs, rate, tenureAnd the bank's FOIR limit
- 3See your eligibilityMaximum loan and EMI
How do banks work out loan eligibility?
Banks cap your total EMIs at a share of your income (FOIR, fixed obligations to income ratio), then find the loan that EMI can repay.
Max EMI = income × FOIR − existing EMIs
Loan = Max EMI × (1 − (1 + r)⁻ⁿ) ÷ r
How to raise your eligibility
Add a co-applicant's income, choose a longer tenure, close small loans and credit card balances first, and keep your credit score above 750 for better rates. Each of these raises the EMI the bank will allow or lowers the rate.
Eligibility isn't the whole story
For a home loan the bank also limits the loan to 75–90% of the property value, and checks your age, job stability and credit history. Borrowing the full eligible amount can strain your budget, so leave room for savings and emergencies.
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Frequently asked questions
What FOIR do banks use?
Usually 40–50% for lower incomes and up to 60–65% for high earners. Some lenders work it out on gross rather than net income.
Does my credit score affect eligibility?
Yes. A low score can mean a lower loan, a higher rate or a rejection. Most banks prefer 750 or above.
Can self-employed people use this?
Yes. Use your average monthly income after tax from the last two to three years' returns, which is what lenders look at.
These results are estimates for planning only, not financial, investment or tax advice. Rates and rules change, and your bank, fund house or employer may calculate slightly differently. Check with them or a qualified adviser before you decide.
Sources
Last reviewed: October 2026