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Loan Eligibility Checker

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Estimate the maximum loan you could qualify for from your income, existing EMIs, interest rate, and tenure — using the FOIR method lenders use, with a repayment breakup.

FOIR Method
Affordable EMI
Instant
100% Client-Side

Your details

Eligibility estimate

You may be eligible for up to
₹55,57,248
Affordable EMI
₹50,000
FOIR limit
₹50,000
Total interest
₹64,42,752
Total repayment
₹1,20,00,000
Repayment breakup
Principal · ₹55,57,248 Interest · ₹64,42,752

Boost your eligibility

  • A longer tenure lowers the EMI and increases the eligible amount (but raises total interest).
  • A higher credit score can win a lower interest rate, increasing how much you can borrow.
  • Adding a co-applicant's income raises the combined FOIR limit.

Informational estimate only — not a loan offer or financial advice. Actual eligibility depends on the lender's policy, your credit score, and documentation.

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How to Use

  1. 1 Enter your net monthly income
  2. 2 Add any existing EMIs you're already paying
  3. 3 Set the interest rate and loan tenure
  4. 4 Adjust the FOIR slider for how much income can go to EMIs
  5. 5 See your estimated eligible loan, EMI, and repayment breakup

Features

  • Eligible loan estimate using the lender FOIR method
  • Affordable EMI after subtracting existing obligations
  • Repayment breakup of principal vs interest
  • Optional check of a specific desired loan amount
  • Adjustable FOIR ratio and tenure
  • Practical tips to boost your eligibility

Why it Matters

Before applying for a home, car, or personal loan, it helps to know roughly how much a lender might offer. Banks cap your EMIs at a share of income (the FOIR), so eligibility hinges on income, existing debts, rate, and tenure. A quick estimate sets realistic expectations and avoids wasted applications.

★★★★★

Use Cases

Home Loan Planning

Gauge your budget before you start house-hunting

Car & Personal Loans

Check affordability before applying

Debt Planning

See how clearing an existing EMI changes eligibility

Tenure Trade-offs

Compare how tenure affects the amount and interest

What this tool does

Loan Eligibility Checker estimates the maximum loan you could qualify for. Using the FOIR method that lenders apply, it works out your affordable EMI, the largest principal that fits it, and the split between principal and interest over the tenure.

How it works

Your affordable EMI is your monthly income multiplied by the FOIR ratio, minus any existing EMIs. The tool then reverses the standard EMI formula for your interest rate and tenure to find the eligible loan amount, and can also check whether a specific desired amount is within reach.

Informational only — not financial advice. This estimate is not a loan offer. Actual eligibility depends on the lender’s policy, your credit score, and documentation.

Privacy

Everything runs locally in your browser. Nothing you enter is uploaded, logged, or stored.

Frequently Asked Questions

What is FOIR and why does it matter?
FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income that lenders allow to go toward all EMIs. Most use 40–55%. Your affordable EMI is income × FOIR minus your existing EMIs, and the eligible loan is derived from that affordable EMI.
How is the eligible loan amount calculated?
The tool first finds your affordable EMI (income × FOIR − existing EMIs), then reverses the standard EMI formula for your interest rate and tenure to find the largest principal that fits that EMI. Longer tenures and lower rates increase the amount.
Is this an actual loan approval?
No. It's an informational estimate, not a loan offer or financial advice. Real eligibility depends on the lender's policy, your credit score, employment, and documentation. Always confirm the exact figure with the lender.
How can I increase my eligibility?
Clearing or reducing an existing EMI frees up capacity, a longer tenure lowers the EMI (but raises total interest), a higher credit score can win a lower rate, and adding a co-applicant's income raises the combined limit. The tool lists these as tips.
Is my financial data stored?
No. All calculations run in your browser. Nothing you enter is uploaded, logged, or stored — refreshing the page clears it.
📖

Want to understand the math?

Browse all guides →
Loan Eligibility Explained
loan

Loan Eligibility Explained: FOIR, EMI and Tenure

How lenders decide your loan eligibility — the FOIR method, how affordable EMI becomes a loan amount, and the levers that raise or lower how much you can borrow.

24 Jun 2026

5 min read

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