Loan Eligibility Calculator
Updated July 2026
Estimate the maximum loan amount you're likely to qualify for, based on your monthly income, existing EMI obligations, and the lender's FOIR limit.
Loan Eligibility
Frequently Asked Questions
What is FOIR?
Fixed Obligation to Income Ratio — the percentage of your monthly income that can go toward all loan EMIs combined. Lenders typically cap this at 40-55%.
How is maximum loan amount calculated?
Lenders work backward from your maximum affordable EMI (income × FOIR% − existing EMIs) using the standard EMI formula to determine the loan principal you can support.
Does credit score affect loan eligibility?
Yes significantly — a strong credit score (750+) can get you better rates and sometimes a higher FOIR allowance, while a weak score can reduce eligibility or increase your rate, changing the final amount.