How this calculation works
Estimate an affordable loan from income, existing obligations, FOIR, interest rate, and tenure. The result is calculated locally in your browser from the visible inputs, and the method below remains available for checking.
Worked example
With ₹1 lakh income, ₹20,000 obligations and 50% FOIR, up to ₹30,000 is treated as affordable EMI.
Assumptions and limits
- Indicative affordability only; lenders use their own income, credit and property rules.
Questions people ask
How does the Loan Eligibility Calculator work?
It applies this displayed method: Affordable payment = monthly income × FOIR − existing obligations; eligible principal is solved using the selected reducing-balance or flat-rate method. Values stay in your browser and are not submitted to a server.
What should I check before using the Loan eligibility result?
Indicative affordability only; lenders use their own income, credit and property rules. This is an estimate, not a lender quote. Rates, fees, rounding and repayment rules vary by agreement.
Does this Loan eligibility calculator save my information?
No. Calculation inputs are processed on this device. Sharing creates a URL only when you choose the share action.