What It Does
Estimates eligible loan from FOIR-based EMI capacity, tenure, and expected rate.
Loan Eligibility Calculator
Estimate an approximate eligible loan amount using a FOIR-based affordability approach. This helps users check repayment comfort before applying.
- Uses income and existing EMI obligations
- Considers rate and tenure impact
- Provides planning estimate, not final sanction
How to Use
Enter net monthly income, ongoing EMI obligations, FOIR, interest rate, and tenure.
- FOIR usually ranges between 40% and 60%
- Lower debt obligations can improve eligibility
- Longer tenure increases amount but may raise total interest
Eligibility inputs
This tool uses an affordability model for planning only.
Estimated output
Eligible EMI Capacity--
Estimated Loan Amount--
Total Repayment--
Total Interest--
Tip: keep obligations low for better eligibility.
How to Enter Inputs Correctly
Use realistic monthly values so the eligibility estimate stays practical.
How to Enter
Use net monthly income, current EMI obligations, expected rate, and realistic tenure.
How to Read
Treat this as planning guidance. Final approval depends on lender policy and verification.
Calculator FAQ
Should I use gross or net income?
Use net monthly income for more conservative and practical planning.
What FOIR should I select?
Most users test between 40% and 60%, then compare scenarios safely.
Is this sanctioned amount?
No. It is an estimate for planning before speaking with lenders.