Loan Eligibility Calculator
Estimate maximum loan amount you may qualify for based on income, obligations, and bank FOIR (Fixed Obligation to Income Ratio).
Formula
Eligible EMI = (Net income × FOIR) − existing EMIs
- Income — Monthly net income
- FOIR — Bank’s fixed ratio (e.g., 50%)
- EMI — Existing obligations
Example Calculation
Income ₹60,000, FOIR 50%, EMIs ₹10,000
Result: Max EMI = ₹20,000 → Loan amount depends on tenure & rate
Practical Uses
- Home loan planning
- Car loan limits
Loan Eligibility
Estimate maximum loan using FOIR (DTI).
Max EMI
22,000
Max Loan
1,035,438
FAQs
What is FOIR?
Fixed Obligation to Income Ratio used by banks.
Disclaimer
Exact eligibility depends on lender policy.