Loan Eligibility Calculator
See how much home, personal or car loan you can get from your income – with existing EMIs, credit card dues, RBI loan-to-value limits and age-based tenure caps.
- Home, personal and car
- FOIR and LTV rules
- Rate and tenure table
- No sign-up
Calculated in your browser. Nothing is saved.
Eligible amount at other rates and tenures
How to check your loan eligibility
- Choose the loan and enter incomePick home, personal or car loan and enter your net (take-home) monthly income. Add a co-applicant’s income if you’re applying jointly.
- Add your existing obligationsEnter the EMIs you already pay and any credit card balance. Adjust the interest rate, tenure and FOIR if your lender uses different values.
- See how much you can borrowGet your eligible amount, the EMI, what’s limiting it and how to increase it. Enter a target amount to see the income you’d need.
Home, personal and car loan eligibility
Check how much you can borrow before you apply, so you can shortlist homes or cars in your budget and avoid a rejection on your credit report. Change the rate, tenure and FOIR to match the lender you’re talking to.
What lenders look at
| Factor | Home loan | Personal loan | Car loan |
|---|---|---|---|
| Typical FOIR | 50–60% | 40–55% | 50–60% |
| Maximum tenure | 30 years | 5–7 years | 7 years |
| Loan-to-value | 75–90% (RBI) | Unsecured | Up to 90% of on-road price |
| Credit score | 700+ for good rates | 750+ preferred | 700+ |
Example: ₹75,000 take-home salary
At 50% FOIR the EMI limit is ₹37,500. With no other loans, that supports about ₹43.2 lakh as a 20-year home loan at 8.5%, or about ₹17.1 lakh as a 5-year personal loan at 11.5%. An existing ₹10,000 EMI cuts the home loan figure to about ₹31.7 lakh.
Borrow with a margin
The maximum isn’t always comfortable. Keep an emergency fund of at least six months of expenses, and remember rates on floating loans can rise. Many planners suggest keeping all EMIs below 35–40% of take-home pay.
Frequently asked questions
How is loan eligibility calculated?
Lenders first work out the largest EMI you can afford: your net monthly income × FOIR, minus EMIs you already pay. The loan amount is then the amount that EMI can repay at the interest rate and tenure. For a home or car loan it’s also capped by the loan-to-value limit.
What is FOIR?
FOIR (fixed obligations to income ratio) is the share of your net income that can go on EMIs. Most banks use 40–60% – lower for smaller incomes, higher for well-paid salaried borrowers. The calculator uses 50% by default.
How much home loan can I get on a ₹50,000 salary?
With no other EMIs, 50% FOIR allows an EMI of ₹25,000. At 8.5% for 20 years that supports a loan of about ₹28.8 lakh. A longer tenure, lower rate or a co-applicant increases it.
Do credit card dues reduce eligibility?
Yes. Many lenders count about 5% of your outstanding credit card balance as a monthly obligation, even if you pay it in full. Clearing the balance before applying can raise your eligibility.
What are the RBI loan-to-value limits?
For individual home loans, banks can lend up to 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. The rest is your down payment, plus stamp duty and registration.
Why does my age limit the tenure?
Lenders usually want the loan repaid by retirement – around 60 for salaried borrowers and 65–70 for self-employed borrowers. Enter your age and the calculator caps the tenure accordingly.
Does a co-applicant increase eligibility?
Yes. Lenders add the co-applicant’s income (and their EMIs) when they assess a joint loan. For home loans, a co-owner spouse can also claim their own tax benefits.
Is this the amount the bank will approve?
It’s an estimate using standard rules. The final amount also depends on your credit score, employer, job stability, the property’s legal and technical checks and each lender’s policy.
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