Approval is only a ceiling
The eligible amount shows what may be possible under current assumptions, not what is automatically comfortable to borrow.
Loan Eligibility Calculator
Check your loan eligibility based on income & EMI
Enter total monthly income in rupees.
Enter current monthly EMI obligations in rupees.
Choose the share of income a lender may allow for fixed obligations.
Expected loan interest rate in percent per year.
Expected repayment tenure in years.
Maximum total EMI room allowed under the selected FOIR.
Result Summary
Income ₹0
Current EMI ₹0
New EMI's ₹0
Current EMI (0%)
New EMI's Room (0%)
Free Income (0%)
New EMI Capacity
₹0
Estimated Eligible Loan
₹0
Total Payment Over Time
₹0
Enter your income and loan assumptions to see your eligibility summary.
Repayment Stretch at Full Eligibility
See how total paid grows and outstanding balance falls if you borrow up to the estimated eligible amount.
Total paid
Outstanding balance
Enter income, obligations, rate, and tenure to visualize the full repayment stretch.
Borrowing insight
₹0 could be supported at the current settings.
Budget insight
Cash-flow headroom analysis will appear here.
What is Loan Eligibility Calculator?
A loan eligibility calculator is an online tool that helps you estimate how much loan amount a lender may approve based on your monthly income, existing EMIs, FOIR limit, interest rate, and loan tenure.
How Loan Eligibility Calculator Works
The calculator first estimates the maximum new EMI you may support within the selected FOIR limit after accounting for your current obligations. It then converts that EMI capacity into an eligible loan amount using the chosen interest rate and repayment period.
Formula
This formula assumes EMIs are paid at the end of each month.
Eligible Loan = EMI × [1 - (1 + r)-n] / r
Where:
- EMI = Maximum new EMI allowed after FOIR and existing EMIs
- r = Monthly interest rate
- n = Total number of monthly installments
- Eligible Loan = Estimated loan amount you may qualify for
Benefits
- Helps estimate a lender-style approval range before applying.
- Shows how income, FOIR, and existing EMIs affect borrowing capacity.
- Helps compare the impact of rate and tenure on eligibility.
- Helps in quick financial decision-making without manual calculations.
- Improves planning by separating approval potential from real monthly comfort.
Quick Insights
Use lender-style approval math as a starting point, then pressure-test it against real monthly comfort.
FOIR rules differ across lenders
Two lenders can give different approval estimates because they apply different policy filters, income rules, and EMI thresholds.
Rate and tenure change the range fast
Longer tenure or lower rate can expand eligibility materially, but they also change total repayment and borrowing risk.
More Loan Calculators
Related loan tools people often use after checking lender-style eligibility.
EMI Calculator
Turn the estimated eligible amount into monthly EMI, total interest, and repayment cost.
Amortization Schedule Calculator
Break the likely repayment path into year-wise principal and interest movement.
Balance Transfer Calculator
Check whether a lower lender rate can improve borrowing cost after approval.
EMI Affordability Calculator
See whether the eligible EMI still fits inside a practical monthly budget.
Flat vs Reducing Rate Calculator
Compare lender quotes more carefully when the pricing method is not obvious.
Interest Rate Calculator
Reverse-check the effective rate implied by a loan quote, EMI, and tenure.
Loan Tenure Calculator
See how a more conservative EMI changes the repayment period.
Part Payment Impact Calculator
Measure how future lump-sum payments can reduce tenure after sanction.
Prepayment Calculator
Estimate how early extra payments could reduce the lifetime cost of the eligible loan.
Related Questions About Loan Eligibility
Review these before treating approval math as your final borrowing decision.
Is the eligible EMI actually comfortable?
Eligibility can exceed comfort. Affordability shows whether the same EMI still leaves room for savings and daily life.
Explore calculator →What repayment burden would this sanction create?
Translate the estimated approved loan into actual EMI, total payment, and interest before committing.
Explore calculator →Should you lower the loan instead of extending tenure?
Longer tenures often help approval, but they also increase the time and cost of repayment.
Explore calculator →How sensitive is approval to the assumed rate?
Small rate changes can shift the estimated eligible amount meaningfully, especially over long tenures.
Explore calculator →