Loan Eligibility Calculator — How Much Can I Borrow?
Lenders cap your total EMIs at a share of your monthly income, called FOIR — often 40–60% depending on income and lender. Your existing EMIs use up part of that limit.
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How it's calculated
- Affordable EMI = income × FOIR − existing EMIs
- Max loan = EMI × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ)
- r = yearly rate ÷ 12 ÷ 100, n = months
Worked example
₹1,00,000 income, no EMIs, 50% FOIR, 8.5% for 20 years → about ₹57.6 lakh.
Load this example into the calculatorAssumptions and limits
- Fixed rate for the full tenure.
- FOIR varies by lender; 50% is a common middle value.
Common questions
Does a longer tenure raise my eligibility?
Yes — the same EMI supports a bigger loan over more years, but you pay much more interest in total.