Core Calculators
Loan Eligibility Calculator
Estimate maximum loan based on income and FOIR
Your profile
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Eligible loan amount
₹0maximum approx. loan
How eligibility is estimated
Banks allow EMIs up to a Fixed Obligation to Income Ratio (FOIR), typically 40–60%. Available EMI = Income × FOIR% − existing EMIs. Loan amount is reverse-calculated from that EMI.
Max EMI = Income × FOIR% − Existing EMIs
Why use it
Detailed features
FOIR-based
Uses standard bank eligibility logic.
Max loan
Reverse EMI to loan principal.
Affordable EMI
See your max monthly installment.
On the go
Also in the Toolance app.
Frequently asked questions
FOIR means Fixed Obligation to Income Ratio. It is the share of your net monthly income that banks allow for all EMIs together, including the new loan. Many lenders cap it around 50% to 60%.
They take your net salary, subtract existing EMIs, apply the FOIR limit to get the maximum new EMI, then reverse-calculate the loan amount at the offered rate and tenure. Our tool follows that logic.
Yes. A strong CIBIL score can mean higher eligibility and better rates. A low score may reduce the amount or lead to rejection even if your salary looks sufficient on paper.
Banks often count only part of variable pay or average it over two to three years. Only regular net salary is usually taken at full value. Check with your lender how they treat your pay structure.
Yes. Spouse or parent income is commonly clubbed, which raises the eligible amount. Both applicants' credit records and existing loans are considered.
Advertised numbers assume high income, clean credit and no other loans. Your existing EMIs, age at loan end and employer category can all reduce the final sanction.
No. This is an approximate ceiling for planning. Actual approval depends on property valuation, documents, credit history and lender policy. Not a substitute for talking to your bank.
Yes. Enter income and EMIs and see an estimate right away. Free to use with no account needed.