Loan Eligibility Calculator
How much loan can I get? — salary-based eligibility
Rs.
Rs.
%
yrs
Loan Eligibility
Maximum Loan Amount
—
Maximum EMI Allowed
—
Available EMI Capacity
—
Total Interest (20yr)
—
Eligibility by Bank Type
Frequently Asked Questions
Banks use FOIR (Fixed Obligation to Income Ratio). If your income is Rs.60,000 and FOIR is 50%, total EMIs allowed = Rs.30,000. Deduct existing EMIs to get available EMI capacity. Then reverse-calculate loan amount.
At 8.5% for 20 years, EMI is ~Rs.43,391. With 50% FOIR, you need Rs.86,782/month income. With existing car loan EMI of Rs.10,000, you need Rs.106,782/month income.
Yes. CIBIL score above 750 gives best rates and higher eligibility. Below 650, most banks reject. A 750+ score can get you 0.25-0.5% lower rate saving lakhs over loan tenure.