Loan Eligibility Calculator – Max Loan and EMI from Income
Estimate the maximum loan you can get based on your monthly income, existing EMIs and the lender’s FOIR (Fixed Obligation to Income Ratio). Enter income, existing EMI, FOIR, interest rate and tenure. Free, no sign-up.
Loan Eligibility Calculator
Estimate your maximum eligible loan amount based on monthly income, existing EMI obligations and FOIR (Fixed Obligation to Income Ratio). Enter rate and tenure for the new loan.
How loan eligibility is calculated
Max total EMI = (Monthly income × FOIR%) / 100. Max EMI for new loan = Max total EMI − Existing EMI. The max loan is the principal that, at the given rate and tenure, produces an EMI equal to the max EMI for the new loan. The calculator uses the standard EMI formula in reverse.
Max loan = EMI × ((1 + r)^n − 1) / (r × (1 + r)^n)
Understanding loan eligibility and FOIR
When you apply for a home loan, personal loan or any EMI-based credit, the lender checks whether you can afford the monthly payment. One of the main tools they use is the Fixed Obligation to Income Ratio, or FOIR. It caps the share of your income that can go toward debt repayments. If your income is 80,000 per month and the lender uses a 50% FOIR, your total EMIs—across all loans—cannot exceed 40,000.
This loan eligibility calculator applies that logic. You enter your monthly income (gross or net, depending on what your lender uses), your existing EMI (from a car loan, personal loan, credit card, etc.) and the FOIR percentage. The calculator finds the maximum EMI you can add for a new loan, then works backward to find the largest loan amount that would produce that EMI at your chosen interest rate and tenure.
FOIR varies by lender and borrower profile. Banks often use 40–60% for home loans. Some may allow higher FOIR for high-income applicants. Personal loans may use 50–70%. The calculator lets you try different FOIR values so you can see how eligibility changes. If you are not sure, use 50% as a typical middle ground.
Existing EMI has a direct impact. Every rupee you pay toward other loans reduces the amount available for a new one. If you are planning a home loan, consider paying off smaller loans first to free up EMI capacity. Use our Debt Repayment Calculator to see how fast you can clear existing debt, and our EMI Calculator to understand the EMI for a given loan amount.
This tool gives an estimate only. Lenders also consider credit score, employment stability, age and property value (for secured loans). The actual eligible amount may be higher or lower. Use it to set expectations and to see how changing income, existing EMI or FOIR affects your borrowing capacity.