Loan Eligibility Calculator
Maximum Loan Eligibility
You can borrow up to
₹
0
Max Affordable EMI
₹ 0
Based on 50% FOIR (Fixed
Obligation to Income Ratio).
How is Loan Eligibility Calculated?
Banks use the FOIR (Fixed Obligation to Income Ratio) to determine loan eligibility. Typically, lenders ensure that your total EMIs (including the new loan) do not exceed 40-50% of your net monthly income.
Factors Affecting Eligibility
- Income: Higher income enables higher loan amounts.
- Existing Debts: Other loans reduce your eligibility.
- Age & Tenure: Younger applicants can opt for longer tenures, increasing eligibility.