Estimate the maximum loan amount you could realistically qualify for.
This is an estimate only — actual eligibility depends on your lender's specific policy, credit score, employment type, and other factors. Not a loan offer or guarantee.
FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income that lenders allow to go toward all fixed obligations combined, including your new loan's EMI. Most lenders cap this between 40-60% of net monthly income, which is what limits how large an EMI — and therefore how large a loan — you can qualify for.
The calculator first finds how much EMI capacity you have left after existing obligations (income × FOIR% minus existing EMIs), then works the standard EMI formula backward to find the loan amount that would produce exactly that EMI at your entered rate and tenure.
A longer tenure spreads the same EMI capacity across more months, which allows for a larger loan amount at the same monthly payment. This is why eligibility calculators often show a noticeably higher number for a 20-year loan than a 10-year loan at the same EMI capacity.
Not necessarily. This is an estimate based on income and obligations alone. Actual approval also depends on your credit score, employment stability, the specific lender's policies, and other factors this calculator can't account for.