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Loan Eligibility Calculator
Free loan eligibility calculator for India — estimate how much home loan income, FOIR, and existing EMIs may support.
Last updated 2026-09-18
Eligible loan amount
₹69,13,850
Max EMI
₹60,000
Income × FOIR − existing EMIs
How it works
Max EMI = monthly income × FOIR − existing EMIs. Eligible principal is the loan amount whose EMI equals that max EMI.
How to use this calculator
- Enter the inputs shown above (amount, rate, tenure, income, or other fields).
- Read the live results — they update as you type.
- Check the formula, worked example, and assumptions on this page before you decide.
Formula
Max EMI = monthly income × FOIR − existing EMIs. Eligible principal is the loan amount whose EMI equals that max EMI.
Worked example
₹1.2 lakh monthly income, no existing EMI, 50% FOIR, 8.5% for 20 years can support roughly ₹70 lakh.
Reading the result
Treat the output as a planning figure. Compare it with your sanction letter, payslip, or GST invoice rather than treating it as a filing or a loan offer.
See also: calculation methodology and disclaimer.
Frequently asked questions
Fixed Obligation to Income Ratio. Banks typically cap total EMIs at 40–50% of net monthly income.
Assumptions and limits
- This is a planning estimate. Your lender, employer, or tax officer may use different inputs or rounding.
Results are educational estimates, not tax, legal, investment, or medical advice, and not a loan offer. Verify filings and payments with the official authority or a qualified professional.
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