Loan Eligibility Calculator - Check Home Loan Eligibility
Estimate how much loan you may be eligible for based on monthly income, existing EMI, interest rate, tenure, and EMI-to-income ratio.
Tool
Enter your values and get results instantly.
Estimated Loan Eligibility
Rs. 30,56,486
Based on an available EMI capacity of Rs. 27,500 per month.
Maximum Total EMI
Rs. 37,500
Available EMI Capacity
Rs. 27,500
Total Payment
Rs. 66,00,000
Estimated Interest
Rs. 35,43,514
How to Use
- 1Enter your monthly income
- 2Enter existing monthly EMI or obligations
- 3Choose the allowed EMI ratio
- 4Enter loan interest rate and tenure
- 5Review estimated eligible loan amount and EMI capacity
Benefits
Frequently Asked Questions
What is loan eligibility?
Loan eligibility is an estimated maximum loan amount a lender may offer based on income, existing obligations, repayment capacity, tenure, and interest rate.
What is FOIR in loan calculation?
FOIR means Fixed Obligation to Income Ratio. It is the share of monthly income that can safely go toward EMIs and other fixed obligations.
Can I use this for home loan eligibility?
Yes. This calculator is useful for estimating home loan eligibility, and it can also help with personal, car, or education loan planning.
Why is my actual approved loan different?
Banks may also consider credit score, age, employment type, property value, location, lender policy, and documentation before final approval.
Is my income data saved?
No. The calculation runs in your browser and your numbers are not stored by this tool.