Loan Eligibility Checker

Find out how much loan you can get based on your income, expenses, and credit profile. Works for home loans, personal loans, and car loans.

Check Your Eligibility

Monthly Income (Net)

Existing Monthly EMIs

Loan Type

Tenure (Years)

Interest Rate (%)

FOIR (%)

Eligibility Result

How Loan Eligibility is Calculated

Banks use the FOIR (Fixed Obligations to Income Ratio) to determine how much EMI you can afford. Your total EMI (existing + new) should not exceed 40-50% of your net monthly income.

Formula: Maximum EMI = (Net Income x FOIR%) - Existing EMIs

The eligible loan amount is then back-calculated from this maximum EMI using the interest rate and tenure.

Factors That Increase Eligibility

Adding a co-applicant (spouse/parent) combines incomes
Longer tenure reduces EMI, increasing eligible amount
Higher credit score (750+) may qualify you for higher FOIR
Clearing existing loans/credit card dues frees up FOIR
Stable employment (2+ years same employer) improves profile

Calculate Your EMI

Once you know your eligible amount, use our EMI Calculator to see your exact monthly payment.