Loan Eligibility Calculator
Instant results as you type.
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years
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Loan you are likely to get
₹46,09,233.59
The EMI that implies₹40,000.00
Interest over the full tenure₹49,90,766.41
What this meansThis is what a lender is likely to offer, not what is comfortable to repay. Lenders also weigh your credit history, job stability and age, and the final sanction is theirs.
For education and planning only. Your bank or lender’s actual figures can differ — fees, rounding, day-count conventions and local rules vary. Always confirm the final numbers with your provider before deciding.
Before asking what a loan will cost, most people need to know how large a loan they will be offered at all. Lenders answer that with a simple rule: total monthly instalments, including the ones you already pay, must stay under a share of your take-home pay. This works backwards from that share to the loan it supports. Everything runs in your browser — your income is never sent anywhere.
How to use it
- Enter your monthly take-home pay, not your CTC.
- Add every EMI you already pay, including card EMIs.
- Set the rate and tenure you have been quoted.
- Adjust the income share if your lender uses a different one.
Examples
- 80,000 a month with no existing EMIs at 8.5% over 20 years supports a substantially larger loan than the same income already carrying a 15,000 EMI
Frequently asked questions
- How much home loan can I get on my salary?
- As a rough rule, lenders allow total instalments of around half your take-home pay, then work out the loan that instalment supports at the rate and tenure on offer. That is what this calculates. Two people on identical salaries can be offered very different amounts, because an existing car loan or card EMI comes out of the same allowance before anything is left for the new loan.
- What is FOIR and why does it decide my limit?
- FOIR is the fixed-obligation-to-income ratio: the share of your income a lender is willing to see committed to debt. Most sit near 50%, higher for large incomes and lower for small ones, since someone earning very little needs a larger proportion left to live on. It is the single biggest lever in the calculation, which is why it is an input here rather than a hidden constant — put in the figure your lender actually uses.
- Do my existing EMIs really reduce what I can borrow?
- Directly, and by more than people expect. The allowance is on total instalments, so every rupee of existing EMI is a rupee less for the new loan, and at a long tenure each rupee of EMI supports well over a hundred rupees of principal. Clearing a small personal loan before applying often raises the sanction far more than the loan itself was worth.
- Why did the bank offer me less than this?
- Because the income rule is only the first filter. Lenders also weigh your credit score, how long you have been employed, whether your income is salaried or variable, your age against the tenure, and — for a home loan — their own valuation of the property, which caps the loan at a percentage of it. This gives the ceiling the income test allows; the offer can only be lower.