Loan Eligibility Calculator
Estimate how much you could afford to borrow based on your
income, existing EMIs and expenses.
Loan Eligibility Calculator
Estimate only. This is not an offer or approval. Each lender applies its own criteria, such as credit score, employment, existing debt and collateral.
Estimated Eligible Loan
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Affordable New EMI
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Limiting Factor
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Total Interest
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Total Repayment
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How your monthly income is used
Assumptions & method
Affordable new EMI = the lower of (a) income × max EMI-to-income % − existing EMIs, and (b) income − existing EMIs − living expenses. It is never below zero.
Eligible loan = the present value of that EMI over the tenure: EMI × (1 − (1 + r)−n) ÷ r, with r = annual rate ÷ 12 and n = months, payments at month-end, fixed rate. At 0% it is simply EMI × n.
This is an estimate, not an approval. Lenders may use different income definitions, credit scores, loan-to-value limits, fees and stress tests, so the amount you can actually borrow may be lower or higher.
Eligible Loan by Tenure (Same EMI and Rate)
| Tenure | Estimated Loan (₹) | EMI (₹) | Total Interest (₹) |
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How is loan eligibility estimated?
Many lenders limit total monthly debt payments to a share of your income, often somewhere between 30% and 50%. This calculator starts from that limit, subtracts the EMIs you already pay, and also checks that enough money is left after living expenses. The smaller of the two becomes your affordable new EMI. That EMI is then converted into a loan amount using the interest rate and tenure: a longer tenure or a lower rate supports a larger loan for the same monthly payment, though it costs more in total interest. Treat the result as a starting point for budgeting, not as a promise that a lender will approve that amount.