Estimate the maximum loan amount you may be eligible for, based on your income, existing EMIs, and the new loan's rate and tenure.
This calculator uses the Fixed Obligation to Income Ratio (FOIR) method commonly used by Indian lenders:
This is an estimate for planning purposes — actual bank approval also factors in your credit score, employment type, and the specific lender's internal policies.
Banks typically use a Fixed Obligation to Income Ratio (FOIR) — the percentage of your monthly income that goes toward all EMIs combined (existing + new). Most lenders cap this at 40-50% of your net monthly income.
Any EMI you currently pay — car loans, personal loans, credit card minimum dues treated as EMI, or other ongoing loan payments — counts against your eligibility for a new loan.
Yes. While this calculator estimates eligibility based on income alone, a poor credit score can reduce the loan amount a bank is willing to approve regardless of your income, or result in rejection entirely.
This calculator gives a general estimate using a common FOIR assumption. Actual bank approval also depends on your credit score, employment stability, co-applicant income, property valuation (for secured loans), and the specific lender's internal policies.
Yes, including a co-applicant's income (such as a spouse) in the loan application can increase the combined eligible loan amount, since banks assess combined income and combined obligations for joint loans.
Before applying for any loan, it helps to know roughly how much a bank is likely to approve based on your income and existing financial obligations. This calculator estimates that figure using the FOIR method most Indian banks rely on internally.
Once you have an estimate, use our EMI Calculator to check what your monthly payment would look like at that loan amount, and adjust the tenure or amount until it fits comfortably within your budget.
