Loan Eligibility Calculator
Find out how much loan you can qualify for.
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How much will a bank actually lend you? Not the amount you'd like, and not what your salary suggests on paper. Banks work backwards from a simple worry: can you repay without choking on your monthly bills? They answer it with a ratio called FOIR, and it quietly decides your loan size before you ever fill a form.
FOIR, the gatekeeper
FOIR stands for fixed obligation to income ratio. It's the slice of your monthly income that's already committed to EMIs and other fixed payments. Lenders usually let this sit somewhere around 40 to 50 percent of your net take-home pay. The logic is plain. If too much of your income is spoken for, one bad month and you default. So the bank leaves room.
Your eligibility depends on a handful of things working together. Net monthly income. Any EMIs you're already paying. The interest rate offered. And the tenure, since a longer one shrinks each EMI and lets you qualify for a bigger loan.
A salaried borrower in Hyderabad
Say you earn Rs 80,000 net every month. The bank applies a 50 percent FOIR, which means about Rs 40,000 of that can go toward all your EMIs combined. But you already pay Rs 10,000 on a car loan. That leaves Rs 30,000 of room for a new EMI.
Now the calculator does the reverse math. It takes that Rs 30,000 capacity and back-solves the loan amount using the EMI formula for a given rate and tenure. At roughly 10 percent over 20 years, Rs 30,000 a month supports a loan of around Rs 31 lakh. Drop the tenure to 10 years and the same Rs 30,000 only stretches to about Rs 22.7 lakh, because each rupee of EMI now buys you fewer years.
Nudging the number upward
Want a higher sanction? A few levers genuinely move it.
- Clear or close a small existing EMI before you apply, freeing up FOIR headroom
- Add a co-applicant, like a working spouse, so the bank counts both incomes
- Pick a longer tenure, which lowers the EMI and lifts eligibility
- Declare steady extra income such as rent or a documented bonus
A quick reality check. This is an estimate, not an approval. Banks also weigh your credit score, job stability and the property itself. FOIR caps differ between lenders and shift with policy, so treat the percentages here as a guide and confirm current rules with your bank. Still, knowing roughly where you stand saves you from house-hunting a budget the bank was never going to fund.
Loan Eligibility Calculator — frequently asked questions
What is FOIR in loan eligibility?
FOIR means fixed obligation to income ratio. It's the part of your monthly net income already going toward EMIs and fixed commitments. Banks usually cap it around 40 to 50 percent, so they only let your total EMIs reach that share of your take-home pay. If you earn Rs 80,000 and the cap is 50 percent, your combined EMIs can't exceed about Rs 40,000, which limits how much new loan you can take.
How does my existing EMI affect a new loan?
Every running EMI eats into your FOIR headroom. Banks add up all your current EMIs and check whether a new one still fits under the cap. So if your limit is Rs 40,000 and you already pay Rs 10,000, only Rs 30,000 of capacity remains for the new loan. Closing a small existing loan before you apply can noticeably raise the amount a bank is willing to sanction.
Does a longer tenure increase my loan eligibility?
Yes. A longer tenure spreads repayment over more months, so each EMI is smaller. With a smaller EMI, the same monthly capacity supports a larger loan. That's why stretching the tenure raises your eligibility. The catch is you pay more total interest over those extra years. Use the longer tenure to qualify if needed, but try to prepay later so you don't carry the cost for decades.
Can adding a co-applicant increase my loan amount?
It often can. When you add a co-applicant with their own income, like a working spouse or parent, the bank can consider both incomes together. That raises the combined FOIR capacity and usually the sanctioned amount. The co-applicant shares legal responsibility for repayment, so it's a real commitment, not just a paperwork tweak. A co-applicant with a strong credit score can also help your application overall.
Why is the bank offering me less than the calculator shows?
A calculator estimates eligibility from income, EMIs, rate and tenure. Banks look at more. Your credit score, job stability, employer category, age and the property value all feed into the final decision. They may apply a stricter FOIR cap or shorter tenure than you assumed. Treat any calculator result as a ballpark figure, then confirm the real numbers with your lender, since their internal rules change over time.
Does a higher salary always mean a bigger loan?
Higher income helps, but it isn't the only factor. If most of your salary is already locked in existing EMIs, your FOIR is stretched and eligibility stays low despite a good pay slip. Two people earning the same can qualify for very different amounts based on their existing debts, credit score and chosen tenure. Reducing your current obligations often does more for eligibility than a small raise.
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Results from this calculator are estimates for informational use only — not financial, medical, or professional advice. Read our full disclaimer before acting on any number you see here.