✅ Finance Tool
Loan Eligibility
Calculator
Check how much home loan or personal loan you can get based on your monthly salary and existing EMIs. Works for SBI, HDFC, ICICI, Axis & all major Indian banks.
Check how much home loan or personal loan you can get based on your monthly salary and existing EMIs. Works for SBI, HDFC, ICICI, Axis & all major Indian banks.
Select Loan Type — Choose between Home Loan or Personal Loan. Each has different interest rates and FOIR limits.
Enter Net Income — Use your "take-home" monthly salary. If you have a co-applicant, include their net monthly income as well.
Input Existing Obligations — Include all current EMIs for car, bike, or personal loans. These reduce your total eligibility.
Banks use the FOIR (Fixed Obligation to Income Ratio) to determine how much you can borrow. This ratio ensures you have enough money left for your living expenses after paying all EMIs.
For a net income of ₹1,00,000, at a 50% FOIR, your total EMIs cannot exceed ₹50,000. If you already pay ₹10,000 in EMIs, you are eligible for a new loan with a max EMI of ₹40,000.
While income is primary, banks also look at these critical factors when deciding your final loan amount:
A CIBIL score of 750+ can unlock lower interest rates and higher FOIR limits (up to 60%).
Younger applicants can opt for 30-year tenures, which lowers EMI and increases principal amount.
Employees of Fortune 500 companies or Government bodies often get higher eligibility.
With no existing EMIs, you can typically get a home loan of approximately ₹24–₹25 lakhs for 20 years, or a personal loan of ₹8–₹10 lakhs for 5 years.
Yes! Banks combine the net income of both applicants, which can double your loan eligibility if both are earning members.
Yes. This calculator uses standard FOIR and EMI logic used by major banks like SBI, HDFC, ICICI, and Axis Bank. We even provide bank-wise estimates in the results.
Calculations based on FOIR standards (2026). Accuracy verified against SBI and HDFC eligibility matrices. Last Audit: May 2026.