Loan Eligibility Calculator
Find out the maximum loan you qualify for based on your income and existing obligations. We use the standard 40% EMI-to-income ratio used by most Indian lenders.
Loan Type
⚠ Borrowing capacity exceeded
Your existing EMIs exceed your safe borrowing capacity. Consider reducing existing debt before taking a new loan.
Max Eligible Loan
₹46,09,234
Max Monthly EMI
₹40,000
Available EMI
₹40,000
Eligibility Breakdown
| Net Monthly Income | ₹1,00,000 |
| Existing Monthly EMIs | ₹0 |
| Max EMI (40% of income) | ₹40,000 |
| Available EMI | ₹40,000 |
| Eligible Loan Amount | ₹46,09,234 |
How is Loan Eligibility Calculated?
Most Indian lenders use the FOIR (Fixed Obligation to Income Ratio) method, capping total EMIs at 40% of net monthly income:
The reverse EMI formula: P = EMI × ((1 + r)^n − 1) / (r × (1 + r)^n), where r = monthly rate and n = tenure in months.
Frequently Asked Questions
How can I increase my loan eligibility? ▼
You can increase your loan eligibility by increasing your income, reducing existing EMIs, improving your CIBIL score, adding a co-applicant, or choosing a longer loan tenure. Even a 50-point improvement in your CIBIL score can unlock significantly better rates.
Does a co-applicant increase loan eligibility? ▼
Yes. Adding a co-applicant (spouse, parent, or sibling) combines both incomes for eligibility calculation, significantly increasing the maximum loan amount you can qualify for. Both applicants' credit scores are considered.
What CIBIL score is needed for a home loan? ▼
Most banks require a minimum CIBIL score of 700–750 for home loan approval. A score of 750+ qualifies you for the best interest rates. Scores below 650 may result in rejection or significantly higher rates.