Estimate the loan amount your income can realistically support.
Most Indian lenders use a Fixed Obligation to Income Ratio (FOIR) to decide loan eligibility: they cap the total of all your EMIs — existing plus the new one — at a set share of your net monthly income, commonly around 40-50% depending on the lender, your income level, and the loan type. This calculator applies that same logic: enter your monthly income, any existing EMIs you're already paying, the interest rate, and your preferred tenure, and it estimates the maximum EMI and loan amount you could realistically qualify for.
This is a planning estimate, not a guarantee — actual eligibility also depends on your credit score, employment type and stability, the lender's specific policy, and the loan's purpose. Use it to sanity-check how much you should even apply for before a hard credit inquiry affects your score.
Three levers move the number: a higher income directly raises how much EMI you can afford, paying off or reducing existing EMIs frees up more room under the FOIR cap, and a longer tenure lowers the EMI needed for a given loan amount (though it increases total interest — see our loan calculators to check that trade-off). A co-applicant's income can also be added by most lenders to boost the combined eligible amount.
$30,000
$25,000
$2,778,624
Estimate assumes a lender caps all EMIs combined at 50% of net monthly income (a common FOIR used across Indian lenders). Your actual eligibility depends on your credit score, employment type, and the specific lender's policy.
What is FOIR and why does it matter?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your net monthly income that lenders allow to go toward all EMIs combined, typically 40-50%. It's the single biggest factor in how much a lender will approve, more than the loan amount you actually want.
Does this calculator guarantee my loan will be approved?
No — it gives a planning estimate based on standard FOIR logic. Actual approval also depends on your credit score, employment history, the specific lender's policy, and documentation, so treat this as a starting point rather than a guarantee.
Can adding a co-applicant increase my eligibility?
Yes, in most cases. Lenders typically combine the incomes of co-applicants (commonly a spouse or parent) when calculating the FOIR-based eligibility, which can meaningfully increase the loan amount you qualify for.
Why does a longer tenure increase my eligible loan amount?
A longer tenure spreads the same loan amount into a smaller EMI, which fits within your available FOIR headroom even though the loan amount is larger. It increases total interest paid, so a bigger eligible amount isn't automatically the better choice.
What counts as an "existing EMI" in this calculator?
Include every EMI you're currently paying — car loans, personal loans, credit card minimum dues treated as EMI-like obligations, and any other loan — since lenders sum all of these when applying the FOIR cap to a new loan application.