Loan Eligibility Calculator
See roughly how much loan you could get based on your income, the rate, and how long you'd repay it.
How banks decide loan amounts
Banks limit your monthly payment (EMI) to a fixed portion of your income—that's called FOIR. The EMI they allow, combined with the interest rate and loan period, determines the maximum loan amount.
A longer repayment period or lower rate lets you borrow more. Any existing loan payments reduce what you can borrow. This is just an estimate—banks also check your credit score and job security. To calculate the actual EMI on a specific loan, use our EMI calculator.
Common questions
What does FOIR mean?
FOIR stands for fixed-obligation-to-income ratio. It's the percentage of your monthly income banks let you spend on all loan payments combined. If you already have other loan payments, that amount gets deducted here.
How can I borrow more?
Take a longer repayment period, add a co-borrower with good income, clear existing loans, or improve your credit score. A lower interest rate also helps you borrow more.
Will I actually get this loan amount?
Not necessarily. This shows what you could theoretically afford. Banks also consider your credit history, job stability, the property or asset you're buying, and other documents.
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