Loan Eligibility Calculator – Check How Much Loan You Can Get

With easier access to credit and rising financial goals, loans have become an essential part of financial planning in India. Whether you are planning to buy a home, a car, or manage personal expenses, the most important question remains:

“How much loan am I eligible for?”

A loan eligibility calculator helps you get this answer instantly. It evaluates your income, existing liabilities, credit score, and employment profile to estimate the loan amount you are likely to qualify for—before you apply with a lender.

Why Use a Loan Eligibility Calculator Before Applying

A rejected loan application can delay your plans and negatively impact your credit score. Using a loan eligibility tool helps you apply with better preparation and confidence.

• Instant eligibility estimate: Know the loan amount you may qualify for based on your income and repayment ability.
• Reduces chances of rejection: Applying within your eligible range improves approval chances.
• Smarter financial planning: Understand how much you can borrow without stretching your monthly budget.
• Fast and accurate results: Get precise eligibility figures without manual calculations.

Factors That Impact Your Loan Eligibility

1. Monthly Net Income
   Higher income increases eligibility, as lenders usually allow EMIs up to 40–50% of your take-home salary.
2. Existing EMIs and Liabilities
   Lower ongoing obligations result in a higher eligible loan amount.
3. Credit Score (CIBIL Score)
   A credit score above 750 improves eligibility and access to better interest rates.
4. Employment Type and Stability
   Salaried individuals with stable employment and self-employed individuals with consistent income records get better eligibility.
5. Age of the Applicant
   Younger applicants benefit from longer loan tenure, increasing eligibility.
6. Interest Rate and Loan Tenure
   Lower interest rates and longer tenures reduce EMI and improve eligibility.

How Loan Eligibility Is Calculated by Lenders

Most lenders in India calculate eligibility using the FOIR (Fixed Obligation to Income Ratio) method:

Eligible EMI = Net Monthly Income × FOIR

FOIR generally ranges between 40% to 50%. This eligible EMI is then converted into the final loan amount using standard amortization formulas.

How to Use the Loan Eligibility Calculator Online

1. Enter your monthly income
2. Add your existing EMIs or obligations
3. Select the applicable interest rate
4. Choose your preferred loan tenure
5. You can instantly view:
   • Maximum eligible loan amount
   • Monthly EMI you can afford
   • Total repayment value
   • Borrowing range

Benefits of Using Our Loan Eligibility Calculator

• Free and easy to use
• Instant and accurate estimates
• Helps avoid loan rejections
• Enables smarter financial planning
• Suitable for salaried and self-employed users

Ready to Check Your Loan Eligibility?

Before you apply, understand your borrowing capacity clearly. Use our loan eligibility calculator to plan confidently and make informed financial decisions.

“Know your eligibility before you apply — borrow smart, live stress-free.”