Loans
Loan Eligibility Calculator
Estimates the maximum loan amount a lender would typically approve, based on your income and existing obligations.
Your details
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₹
%
%
yrs
Estimated eligible loan
₹15,06,092
Maximum EMI
₹32,000
Based on a 40% EMI-to-income ratio, you're likely eligible for a loan of up to ₹15,06,092, with an EMI around ₹32,000/month.
Actual eligibility varies by lender and also depends on your credit score, employment type, and other liabilities — treat this as a starting estimate.
How this is calculated
Maximum EMI = (Monthly income × EMI-to-income ratio) − existing EMIs, reverse-solved through the standard EMI formula for the maximum loan principal.
Frequently asked questions
What EMI-to-income ratio do lenders typically use?
40% including all existing EMIs is common, though it ranges roughly 35–50% depending on the lender and your income level.
Does my credit score affect eligibility?
Yes, significantly — a higher score can unlock both a higher eligible amount and a lower interest rate, which itself raises how much you can borrow at the same EMI.
Why is this different from the actual amount my bank offers?
Banks factor in additional criteria — employment stability, other assets, co-applicant income — that a generic calculator can't see. Treat this as a ballpark, not a sanction.