📋 Loan Eligibility Calculator
Find out the maximum loan amount you can get based on your income.
You Are Eligible For A Loan Up To
₹11,63,121
Max Affordable EMI
₹25,000 / month
Total Deductions
50% of Income
How Does Loan Eligibility Work?
Banks do not give loans blindly based on what you ask for. They carefully calculate your repayment capacity before sanctioning a loan amount. This is primarily done using the Debt-to-Income (DTI) Ratio, also known as the Fixed Obligation to Income Ratio (FOIR).
Most banks apply a 50% rule: Your total monthly EMIs (existing ones + the new loan) should not exceed 50% of your net monthly income. Our Loan Eligibility Calculator uses this exact banking principle to reverse-calculate the maximum loan amount you can get based on the tenure and interest rate you choose.
Eligibility FAQs
The Debt-to-Income ratio is the percentage of your gross monthly income that goes towards paying your monthly debt payments (EMIs). Banks usually prefer a DTI ratio of 50% or less, meaning your total EMIs should not exceed half of your monthly income.
Banks look at your net monthly income, deduct any existing EMIs you are paying, and apply a multiplier or DTI rule (usually 40-50%) to determine the maximum new EMI you can afford. Using the requested tenure and interest rate, they reverse-calculate the maximum loan amount they can sanction.
Yes, you can increase your eligibility by doing any of the following: 1) Increasing the loan tenure (which lowers the EMI), 2) Paying off existing loans to reduce existing EMIs, 3) Adding a co-applicant (like a spouse) whose income can be clubbed with yours.