Loan Eligibility Calculator
Estimate how much loan you may be eligible for based on your income, existing EMI and FOIR.
Applicant Information
Enter your monthly income and current loan details.
Your monthly net/take-home income.
Total EMI you are already paying every month.
Approximate annual interest rate.
FOIR determines how much of your income can be used toward total EMIs.
Loan Eligibility Results
Your estimated borrowing capacity.
Estimated Loan Eligibility
₹9,41,307
Approximate eligible loan amount
Maximum Total EMI
₹25,000
Eligible New EMI
₹20,000
Total Interest
₹2,58,693
Total Repayment
₹12,00,000
Calculation Summary
You may be eligible for a loan
Based on the entered income, existing EMI and FOIR, your estimated new EMI capacity is ₹20,000.
How Loan Eligibility Is Calculated
1. Income
Your monthly income is used to determine the maximum EMI amount you can generally afford.
2. FOIR
FOIR represents the portion of your monthly income that can be allocated toward loan EMIs.
3. Loan Amount
The eligible EMI is converted into an estimated loan amount using the interest rate and selected tenure.