YourFileKit
Esc
Home/Tools/Loan Eligibility Calculator

Check how much loan you're eligible for

Estimate the maximum loan amount a lender is likely to approve, based on your income and existing EMIs.

Calculated in your browser. Nothing you enter is sent to a server.
Fullscreen
Monthly income
Existing monthly EMIs
FOIR (fixed-obligation-to-income)50%
Expected interest rate9.5%
Desired tenure20 yr
Estimated max loan amount
₹42,91,241
Max affordable EMI₹40,000
Calculated in your browser. Nothing is sent anywhere.
01
Enter your income and obligations

Monthly income and any EMIs you're already paying.

02
Adjust the FOIR

The share of income lenders will let go toward EMIs. 40-50% is typical.

03
See your estimated limit

The maximum EMI and loan amount you're likely to qualify for.

Frequently asked

What is FOIR?

Fixed Obligation to Income Ratio. The share of your monthly income lenders allow to go toward all EMIs combined, typically 40-50% depending on the lender and your income level.

Is this the exact amount a bank will approve?

No. This is an estimate based on income and FOIR alone. Actual approval also depends on credit score, employment type, existing relationship with the lender, and their specific policies.

Why does a higher FOIR increase my eligibility?

A higher FOIR means the lender is willing to let a larger share of your income go toward EMIs, which raises the maximum EMI (and therefore loan amount) you can be approved for.

Is my income information sent anywhere?

No. Everything is calculated in this tab.

Related tools