Calculate your home, car or personal loan eligibility based on income, existing EMIs, and interest rate. FY 2026-27 norms.
Fill income and loan details, then click Calculate
The Loan Eligibility Calculator estimates the maximum home loan, personal loan, or business loan amount you may qualify for based on your income, existing EMIs, interest rate, and loan tenure. Banks typically use the Fixed Obligation to Income Ratio (FOIR) — EMIs (including proposed) should not exceed 40–50% of net monthly income. This tool helps you understand your borrowing capacity before approaching a lender.
What is FOIR and how does it affect loan eligibility?
FOIR (Fixed Obligation to Income Ratio) is the percentage of income that goes toward EMIs. Most banks cap this at 40–50%. Higher FOIR reduces loan eligibility.
Does CIBIL score affect loan eligibility?
Yes, significantly. A CIBIL score above 750 gets you better interest rates and higher eligibility. Below 650, loan approval becomes difficult.
Can I increase my loan eligibility?
Yes — by adding a co-applicant (spouse), prepaying existing loans, increasing tenure, or showing additional income sources.
Is this calculation guaranteed by any bank?
No. This is an estimate tool for planning purposes. Actual loan eligibility depends on the bank's credit policy, your CIBIL score, employment type, property valuation, and other factors.