Loan Eligibility Calculator
Check how much loan you're likely eligible for based on your income
₹75,000
₹10K₹20L
₹0
₹0₹2L
8.5%
6%24%
20 Years
1 Yr30 Yrs
Max Loan Eligible
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Max EMI Allowed
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Available EMI Capacity
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FOIR Used
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How Loan Eligibility is Calculated
Banks use FOIR (Fixed Obligation to Income Ratio) to determine loan eligibility. For salaried individuals, most banks allow up to 50–60% of gross monthly income as total EMI obligations. So if you earn ₹1 lakh/month, you can have total EMIs of ₹50,000–₹60,000.
Factors That Affect Loan Eligibility
Key factors include credit score (750+ is ideal), income stability, existing debt obligations, age (younger borrowers get longer tenure), employer profile, and the nature of the loan. A higher credit score and lower existing debt significantly improve your eligibility.
Frequently Asked Questions
What credit score do I need for a home loan?▾
Most banks require a minimum CIBIL score of 700–750 for home loans. Scores above 750 typically qualify for the best interest rates. Below 650 makes approval difficult, though NBFCs may still lend at higher rates.
Can I add a co-applicant to increase eligibility?▾
Yes. Adding a co-applicant (spouse, parent, or sibling) whose income is also considered can significantly increase your loan eligibility. Both applicants' incomes are combined to calculate the maximum EMI capacity.
Does this calculator show the exact bank amount?▾
No. This is an estimate based on standard FOIR norms. Actual eligibility depends on your credit score, property valuation (for home loans), bank policy, and individual assessment. Use this as a starting benchmark.