Check maximum home or personal loan you can get
Built & maintained by Pappu Venkata Subbi Reddy, founder of Clacify · Formulas verified against official Indian government sources
The Loan Eligibility Calculator estimates the maximum loan amount you can borrow based on your monthly income, existing EMIs, the interest rate, and the tenure. Lenders cap your total EMIs at a percentage of your income — typically 40–50% — known as the FOIR (Fixed Obligation to Income Ratio). This tool applies that logic to show the EMI you can afford and the loan principal that EMI supports, giving you a realistic borrowing range before you approach a bank. It is useful for home, car, and personal loan planning, helping you avoid the disappointment of applying for an amount that will be rejected.
First the calculator finds your affordable EMI: (monthly income × FOIR) − existing EMIs, where FOIR is the share of income lenders allow toward all loan obligations (commonly 40–50%, and higher for higher incomes). It then reverses the EMI formula to find the principal that EMI can service: P = EMI × [(1+r)^n − 1] ÷ [r × (1+r)^n], where r is the monthly interest rate and n is the tenure in months. The result is an indicative eligibility figure; actual sanction also depends on your credit score, employment stability, property value (for home loans), and the individual lender's policy.
Most Indian banks offer home loans up to 60–80 times your monthly net salary (net take-home after all deductions). For a net salary of ₹50,000/month, you may be eligible for ₹30–40 lakh. The exact amount depends on your credit score (CIBIL 750+ gets best rates), existing EMIs, property value, and age.
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income already committed to EMIs and obligations. Most Indian banks cap FOIR at 40–50%. If your net income is ₹60,000/month and existing EMIs are ₹10,000, your available EMI capacity is ₹20,000–25,000 (40–50% of ₹60,000 minus ₹10,000). This determines the maximum new loan amount.