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.

Understand the result

What the Loan Eligibility Calculator tells you

This calculator helps you estimate the loan size a lender may support from income and existing obligations. It turns a small set of inputs into a clear approximate eligibility, then shows the supporting breakdown so you can understand what moved the answer.

Inputs to check

  • Take-home income: use a recent statement, quote or realistic assumption.
  • Existing EMIs: use a recent statement, quote or realistic assumption.
  • FOIR and tenure: use a recent statement, quote or realistic assumption.

Try three scenarios

Run a likely case, a conservative case and a better case. Change one input at a time so you can see which assumption matters most.

How to use this estimate in a real decision

Write down the values you entered and the date you checked them. Compare options using the same assumptions, then include any fee, tax, penalty or provider rule that sits outside the calculator. A mathematically precise answer can still be incomplete when the inputs are old or optimistic.

Treat the result as a planning range, not a quote, approval or guaranteed outcome. Recalculate whenever your rate, price, income, goal date or business cost changes.

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.