💳 Loan Eligibility Calculator

How Loan Eligibility Is Assessed

Loan eligibility is the maximum loan a lender is willing to give you, based mainly on your income, existing obligations and credit history. Lenders want to be sure your monthly repayments stay comfortably within your income, so they cap your total EMIs at a percentage of your earnings — usually around 40–55%.

This calculator estimates your eligible loan amount from your monthly income, existing EMIs, the interest rate and tenure. It works backward from the maximum EMI you can afford (income × allowed ratio − existing EMIs) to the loan amount that EMI can support, using the standard EMI formula.

For example, someone earning ₹80,000 a month with ₹10,000 of existing EMIs, at a 50% ratio, can afford a new EMI of ₹30,000 — which at 9% over 20 years supports a loan of roughly ₹33 lakh. Improving your credit score or extending the tenure can increase this figure.

Key points to remember

• Clearing existing EMIs increases how much you can borrow.
• A higher credit score can unlock a larger loan at a better rate.
• A longer tenure raises eligibility but increases total interest.

Frequently asked questions

Mainly your income, existing EMIs, credit score, employment stability and the loan tenure and rate.

Reduce existing debt, improve your credit score, add a co-applicant, or choose a longer tenure.