Loan Eligibility Calculator
How much loan can you get on your income?
You may be eligible for
₹41.68 L
Assumes lenders allow ~50% of net income towards EMIs (FOIR). Actual eligibility also depends on credit score, employer category and property value where applicable.
How lenders decide your eligibility
Banks apply a FOIR (Fixed Obligation to Income Ratio) — usually 40–55% — meaning all your EMIs together shouldn't exceed roughly half your net monthly income. This calculator reverses that rule: from the EMI room you have, it derives the largest principal a lender can sanction at the chosen rate and tenure.
How to increase your eligibility
Close small EMIs before applying, add a co-applicant's income, choose a longer tenure, or pick a lender with a higher FOIR for your employer category. Even a modest rate difference changes the eligible amount meaningfully at long tenures.
Frequently asked questions
Why is my bank's sanctioned amount different from this estimate?
Each lender uses its own FOIR, minimum-income norms and rate. Property-backed loans also cap at a percentage of the property value (LTV). Treat this as a realistic planning range, not a sanction letter.
Do existing credit card dues affect eligibility?
Yes — lenders count ~5% of your card outstanding as a monthly obligation, and unpaid dues hurt your credit score, which affects both approval and rate.
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