Lenders evaluate your Fixed Income-to-Obligation Ratio (FOIR). Usually, lenders restrict all EMIs to less than 50% of your net monthly income to prevent default risks.
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/Loan Eligibility
Loan Eligibility
Estimate the maximum loan amount you qualify for based on your monthly income and obligations.
Loan Eligibility
Calculation Summary
Eligible Loan Principal₹0
Max Allowed EMI₹0
Gross Income₹80,000
What is a Loan Eligibility?
Estimate the maximum loan amount you qualify for based on your monthly income, existing loan commitments, and chosen tenure. Ensure a smooth loan approval process.
How to Use This Calculator
- Enter your primary figure—such as your gross salary, product price, or target investment amount—into the base input field.
- Adjust the sliders or type numbers directly into the fields to specify parameters like interest rates and tenure duration.
- Enter any additional applicable values, such as tax-saving deductions, extra fees, or custom contribution percentages.
- Review the instant breakdown results, evaluate the visual compounding charts, and download the full breakdown as a PDF report.
Example Calculation: Repayment Example (Loans & Mortgages)
This table shows a realistic example calculation based on standard parameters. Enter your custom numbers in the sliders above to compare results.
| Parameter | Sample Value |
|---|---|
| Property / Loan Principal | ₹50,00,000 |
| Down Payment / Deposit | ₹10,00,000 |
| Annual Interest Rate | 8.5% |
| Repayment Tenure | 20 Years (240 Months) |
| Computed Monthly EMI | ₹34,713 |
Understanding Loan Eligibility & FOIR
Mathematical Formula:
Eligible EMI = (Income * FOIR%) - Existing EMIs