Loan Eligibility Calculator

Find out how much loan you can get based on your income with our eligibility calculator and EMI schedule.

Accurate eligibility estimates
Detailed EMI schedule
Visual income breakdown
Loan Eligibility Planning
₹
Enter monthly income (₹10,000–₹10,00,000).
Your net take-home pay per month.
₹
Enter existing EMIs (₹0–₹5,00,000).
Total EMIs for current loans or credit cards.
Years
Enter tenure (1–30 years).
Desired repayment period for the new loan.
%
Enter interest rate (5–20%).
Estimated annual interest rate for the loan.

Loan Eligibility Summary

Eligible Loan Amount
₹0
Estimated EMI
₹0
Allowable EMI
₹0
DTI Ratio
0%
How Loan Eligibility Works
Income Assessment

Banks evaluate your net income after expenses.

DTI Ratio

Up to 50% of income can go toward EMIs.

Loan Approval

Loan amount is based on affordable EMI.

MonthOpening Balance (₹)EMI (₹)Interest Paid (₹)Principal Paid (₹)Closing Balance (₹)

What is Loan Eligibility?

Loan eligibility determines the maximum loan amount you can borrow based on your income, expenses, and credit profile. Banks use the Debt-to-Income (DTI) or Fixed Obligation to Income Ratio (FOIR) to assess affordability.

Typically, 40–60% of your net income after existing EMIs is considered for new loan EMIs. Factors like credit score, job stability, and loan tenure also influence eligibility.

Did You Know?

A ₹50,000 monthly income with no EMIs can make you eligible for a ~₹20 lakh loan at 10% for 5 years!

Benefits of Checking Eligibility

Know your borrowing capacity before applying.

Apply for loans within your eligibility to improve approval chances.

Choose a tenure that balances EMI affordability and interest costs.

Frequently Asked Questions

Eligibility is based on your income after existing EMIs, using a Debt-to-Income ratio (typically 50%). The allowable EMI determines the loan amount you can afford.

Income, existing EMIs, credit score, job stability, loan tenure, and interest rate influence how much you can borrow.

Yes, by increasing income, reducing existing debts, improving your credit score, or choosing a longer tenure.