Loan Eligibility Calculator — Find Out Exactly How Much Loan You Can Get
Find out how much loan you can get based on your salary, age, existing EMIs and credit score. Supports home loan, personal loan and car loan with bank-wise comparison. No signup required.
What is the Loan Eligibility Calculator?
The Loan Eligibility Calculator estimates the maximum loan amount a bank will sanction based on your net monthly income, existing EMI obligations, loan tenure, interest rate, age, and employment type. It uses standard Indian banking formulas including FOIR (Fixed Obligation to Income Ratio) to give you realistic estimates for home loans, personal loans, and car loans.
How to Check Loan Eligibility — Step-by-Step
Select loan type: Home Loan, Personal Loan, or Car Loan .
Enter your net monthly income and any existing EMIs you are paying.
Set interest rate, tenure, age and employment type.
See your estimated eligibility, monthly EMI, and bank-wise comparison instantly.
🏦 Salary vs Home Loan Eligibility in India (2025)
Frequently Asked Questions
How is loan eligibility calculated?
Banks use FOIR (Fixed Obligation to Income Ratio). The standard rule is total EMIs should not exceed 40–50% of gross monthly income. The eligible EMI is used to back-calculate the loan amount using standard EMI formula.
How much home loan can I get on ₹50,000 salary?
On a ₹50,000 monthly salary with no existing EMIs, you can typically get a home loan of ₹35–40 lakhs at 8.5% for 20 years. Use the calculator above with your exact details for a more accurate estimate.
What is FOIR in home loan?
FOIR (Fixed Obligation to Income Ratio) is the percentage of income already committed to EMIs. Most banks require FOIR below 40–50% to sanction a new loan.
Does age affect loan eligibility?
Yes. Younger applicants get longer tenures (up to 30 years), which increases eligibility. Banks require the loan to be fully repaid before age 60–65 for salaried individuals.
Is this loan eligibility calculator free?
Yes, 100% free with no signup required. All calculations happen in your browser.
📚 Educational Content — Deep Dive
Banks determine loan eligibility using two key formulas. First, they calculate your eligible EMI as 40–50% of net monthly income minus existing obligations. Then they back-calculate the loan amount using the standard EMI formula: P = EMI × [(1+r)ⁿ – 1] / [r × (1+r)ⁿ] where r is the monthly interest rate and n is the number of months. A higher tenure increases eligibility since it lowers the EMI per lakh borrowed. However, a longer tenure also means paying significantly more total interest over the loan period.